Projects

Hal Ferh - an exciting new investment

The signing of the deed of perpetual emphyteusis on the 85,000 square metre tract of land adjacent to our Radisson Blu Resort & Spa in Golden Sands is a major step for our Group. This project, which, like the Radisson Blu Resort Spa in Golden Sands, will be undertaken as a 50/50 joint venture with our partners Mayfair Overseas Holdings, is an extremely exciting one.  

Since signing the deed, we have worked very hard to develop concept plans which will result in a unique product for the Islands. Together with world renowned architect Ken Shuttleworth and his team at make architects, we are aiming to develop a very low-density project with no more than 200 units of an average size of 115 square metres. The smaller units will range from 65 to 150 square metres with larger executive and presidential suites ranging from 200 to 350 square metres.

The level of finish will be very high and there will be a great emphasis on landscaping in the project itself and in the area surrounding it.  The aim is to try to develop the project to a level which is carbon neutral and, although a tall order, every effort is being made even at the early design stages to achieve this.  

The business model to be used for this development will be the same one as used for the Radisson Blu Resort & Spa Golden Sands. The model will dove-tail perfectly into that of Golden Sands, providing a higher end product targeting vacation club buyers. The existing structure that we have built at the Radisson Blu Resort & Spa Golden Sands will enable us to capitalise on economies of scale, both in operations and sales, that were not available in the early stages of the Golden Sands project.