Grenada

Port Louis

Peter de Savary, chairman and founder of Port Louis, Grenada has agreed an investment development plan with Park Town Capital PLC, London, England, who will develop up to 90 luxury villas and apartments, each between 4,000 and 6,000 square feet. The properties will overlook the vibrant Port Louis Village, the Caribbean Sea and the Camper &amp; Nicholsons super yacht marina. The marina, now open and set for completion this year, offers over 300 berths for yachts up to 90m and a draft of 7m. Park Town Capital PLC (PTC) in conjunction with the international firm of Cushman &amp; Wakefield Residential will develop luxury properties and have appointed Yoo, the international design, branding and Development Company co-founded by John Hitchcox and Philippe Starck to carry out the designs. Port Louis residents &amp; visitors will benefit from luxury hotel services, duty free shopping, signature bars and restaurants, an associated golf course, as well as an FBO facility at Point Salines International Airport. Peter de Savary is quoted as saying "I am delighted to introduce yet another top international investor / developer group to Grenada. Port Louis and Grenada will benefit greatly from the experience and plans Park Town Capital will deliver to this world-class site. This is an exciting time for Port Louis and the people of Grenada. This latest development will allow Port Louis to evolve quickly and with true quality. We are in the process of talking to a number of other investors /developers who we hope to bring together for other elements of Port Louis thereby having a consortium of specialists to make this a truly world-class destination as quickly as possible. The opportunities for Grenadians will be immense as the project gains momentum." Daniel Mc Gowan, Chairman, Park Town Capital PLC, said: "Port Louis is an idyllic location in one of the most beautiful natural harbours in the world. We are delighted to be working in partnership with Peter de Savary and leading design company Yoo. Port Louis is a demonstration of our global ambitions following our projects in Europe and the Middle East." Duncan Wilson, Development Director, Park Town Capital PLC, said: "Not only will the Port Louis development create the Caribbean equivalent of St. Tropez, Portofino, St. Barth’s and Porto Cervo; it will also create a major contribution to the economy of Grenada over the long term. We believe that a development of this scale and quality will be the catalyst to establish Grenada as the most exclusive and desirable tourist locations in the West Indies." Nikki Beach, the internationally renowned hotelier and restaurateur, in partnership with the de Savary Group also plan to construct a 6 star resort/hotel/club with up to 180 rooms &amp; suites within Port Louis.

Peter De Savary announces further development progress at Port Louis Grenada

Chairman of Savvy Grenada Peter de Savary says he is concerned about rumours circulating about him leaving Grenada. Mr. de Savary says he has heard this sentiment being expressed and believes that it is necessary for him to speak directly on this issue. "We are in Grenada to stay," Mr. de Savary remarked. "I have consistently said that Grenada would be my most challenging and most fulfilling project. So far it has been even more meaningful than I thought. Our projects in Grenada are going extremely well and we will be here to ensure that they continue to be successful. I want to compliment my team in Grenada, the many contractors and other service providers that I have hired as well as the entire Grenadian population for their commitment to this project. The Grenadian public has shown an unparalleled interest in our projects here. They have been critical when they needed to be but have been generally supportive," Mr. de Savary said. Commenting on where he thought the rumours were circulating from Mr. de Savary had this to say. "We have always developed by getting the best in the industry to partner with us. In the Bahamas we partnered with Ritz Carlton for example. This sometimes causes some level of confusion because people hear of property being bought or managed by other companies," Mr. de Savary explained. "In Grenada we are partnering with the world's best marina development company, Camper and Nicholsons to develop the Port Louis marina. We will be partnering with and bringing in many other industry leaders to work with us on our projects and my team is working diligently right now to bring these to fruition. I'm heavily invested in Grenada, both financially and personally, my team is on the ground and we hope to play a major part in the development and growth of the island for some time to come."

Grenada - De Savary is here to stay

Camper &amp; Nicholsons Marina Investments Ltd ('CNMI' or 'the Company'), the AIM-listed Guernsey-based specialist marina investment company, today announces that it has completed its acquisition of the marina at Port Louis, located in St George's, the capital of Grenada, West Indies and certain marina related real estate for US$24m. Comprising approximately 100,000 sq m of water area, held on a 99-year lease, of which over 40,000 sq m is lettable berth area, the marina at Port Louis will accommodate over 300 yachts, including 60 superyachts of up to 100m in length. The marina has already opened with 50 serviced berths, an early visitor was Maltese Falcon one of the world's largest privately owned sailing yachts. The marina at Port Louis is self-contained both with its own secure access and complete control over the facilities required to fully operate and market the marina as a stand-alone entity. It is anticipated, however, that the marina at Port Louis will benefit from being a key part of the wider Port Louis development. The US$500m Port Louis development project borders CNMI's marina and continues to be promoted by Peter de Savary. The project will include penthouses, apartments, luxury villas, beachfront lots, waterfront restaurants, bars, clubs, hotels &amp; spa, duty-free boutiques and art galleries. It is anticipated the final cost of the marina at Port Louis, which will include high technology marina systems, and a world-class capitainerie, is projected to be US$36m. As part of the acquisition CNMI is also purchasing approximately 23,800 sq m of land (including reclamation rights), for mixed-use development for which planning consent has been granted. <noscript></noscript>

C&N Marina Investments Ltd completes West Indies Marina Acquisition

Peter de Savary is a man of his word! He and his team have delivered the Port Louis Marina and Creole Village open and operational for the Christmas and New Year. The Port Louis Marina, which is already accepting some of the world's largest yachts and boats, was officially opened at a Grand Ceremony on Friday January 4 th 2008. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/123864/image/large-a4e7bf61b5518bd89d3a8a757ceb2789.jpg" data-gid="gid://syiq/Photo/123864"> <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/123865/image/large-7bbd98a5cbde36ebfbf66e109a8babea.jpg" data-gid="gid://syiq/Photo/123865">The Opening Ceremony came just days after the news of a major joint venture arrangement between the de Savary Group and the largest marina developer in the world, Camper &amp; Nicholsons Marinas. In the new partnership, Camper &amp; Nicholsons Marinas will invest 24 million US dollars to market and develop the Port Louis marina into one of the best and most exclusive in the world. The opening which was attended by His Excellency Governor General Sir Daniel Williams, Minister of Tourism, Hon. Claris Modeste Curwen, Minister of Works, Hon Brenda Hood, Developer Peter De Savary, and Technical Director of Camper Nicholsons Marinas Bill Green. Speaking at the opening, Minister of Tourism Hon. Claris Modeste Curwen told the gathering that the project would bring great benefits to Grenada. "The Port Louis Development and the new joint venture with Camper &amp; Nicholsons Marinas have the full backing of the Government and people of Grenada. Government knows that this project will not just benefit the many visitors who will come here but will also bring thousands of good jobs to Grenadians. We wish Mr. De Savary continued success and we say welcome to Camper &amp; Nicholsons Marinas," Minister Curwen remarked. Mr. De Savary described the joint venture as a huge benefit for Grenada. "I have always said that my presence in Grenada will act as an ice breaker, we open the way for more investment through our marketing our contacts and our reputation. The arrival of CN Marinas is a great example of this. Port Louis Marina and Grenada will now be marketed not only by us, but CN Marinas will also put their world class marketing machine behind this project. In addition, the new venture will mean that the marina project will now be completed even faster, as we will now concentrate on the development of the residential,, hotel and commercial aspect while CN Marinas focus on the marina," Mr. De Savary said. Both the marina wall and 100 metre trestle dock are open with a capacity of up to 50 vessels all with full power, water and necessary infrastructure. The Victory Bar and village with its duty free shops are also open ready to welcome the marinas first guests and the general public. In fact, the world's largest private sailing yacht was welcomed on December 27t h 2007. The 88 metre (288ft) clipper, <a href="#managed-by-application" data-legacy="true" data-gid="gid://syiq/Yacht/385">Maltese Falcon</a> called on Grenada to pick up guests just after Christmas. Port Louis Marina executives say this is the first time the luxurious Maltese Falcon has ever come to Grenada. They said that it is a great accomplishment for Grenada's yachting industry to have attracted a yacht like the Falcon who has the pick of any mega yacht marina in the Caribbean. "When we came to Grenada we promised to help increase and bring a different level of visitor to the island. This is exactly what is happening here with the visit of the Maltese Falcon," said Director of Operations Richard Hallam. "The Maltese Falcon is the largest and one of the most luxurious yachts in the world. Thanks to Mr. de Savary's efforts and reputation we are delighted to be introducing boats of this caliber to Grenada. We expect the Maltese Falcon back in Grenada very soon, and Grenadians will see a number of other large and luxurious yachts visiting regularly," Hallam remarked. In preparation for the visit of the Maltese Falcon Port Louis Grenada fast tracked the dredging and deepening of the entry channel for yachts. "We have created a draft clearance of 20ft of water for super yachts like the Maltese Falcon. The berthing facilities we are creating at Port Louis will be world class and exceed the expectations of these arriving yachts and boats," Hallam noted. <noscript></noscript>

Official opening of the Port Louis Marina

Camper &amp; Nicholsons Marina Investments Ltd ('CNMI' or 'the Company'), the AIM-listed Guernsey-based specialist marina investment company, today announces that it has exchanged contracts to acquire the marina at Port Louis, located in St. George's, the capital of Grenada, West Indies and certain marina related real estate for US$24m from Port Louis Land Ltd and Port Louis Trading Ltd. The acquisition cost is substantially payable on completion in early January 2008. The final cost of the marina, which will include high technology marina systems, and a world class capitainerie, is projected to be US$36 million. As part of the acquisition, CNMI is also purchasing approximately 23,800 sq m of land (including reclamation rights), for mixed use development for which detailed planning consent is in place. Comprising approximately 100,000 sq m of water area, held on a 99 year lease, of which over 40,000 sq m is lettable berth area, the marina at Port Louis will accommodate over 300 yachts including 60 superyachts of between 30m and 100m in length. The marina has already opened with 50 fully serviced berths, including 14 superyacht berths. The marina at Port Louis is self-contained both with its own secure access and complete control over the facilities required to fully operate and market the marina as a stand-alone entity. It is anticipated, however, that the marina at Port Louis will benefit from being a key part of the wider Port Louis development. The US$500 million Port Louis development project borders CNMI's marina and continues to be promoted by Peter de Savary. The project will include penthouses, apartments, luxury villas, beachfront lots, waterfront restaurants, bars, clubs, hotels &amp; spa, duty-free boutiques, and art galleries. The investment advisor, Camper &amp; Nicholsons Marinas International Limited ('C&amp;N')has been instrumental in originating the marina at Port Louis acquisition and in providing the considerable technical and financial due diligence required to enable successful completion. C&amp;N will continue to have a hands-on role in the ongoing operation, marketing and promotion of the marina at Port Louis via a standard form marina operating agreement between the Company and the Manager. George Kershaw, Chairman of CNMI, said: 'Port Louis marks a further step in our program of acquiring and developing strategically located marinas. Port Louis will be a flagship Caribbean marina with an important capacity for the fast growing superyacht fleet. The Government of Grenada has been pro-active in establishing a yacht friendly legislative and fiscal climate that will assist the further growth of yachting in Grenada. This will benefit the Grenadian economy as well as our company and our shareholders.' Nick Maris, Chairman of Marina Management International Limited (CNMI's Manager), said: 'With this acquisition we have now committed around Euro45m representing about 45% of CNMI's current total investment capacity. We have a number of exciting additional investment opportunities which we are actively pursuing. Coupled with our recent success in selling some Euro10 million of superyacht berths at CNMI's Grand Harbour Marina in Malta, we are building real value for CNMI's shareholders in a growth sector which has shown resilience in difficult times, and which continues to exhibit very favourable supply / demand fundamentals.' Peter de Savary, Chairman of the Port Louis development, said: 'Port Louis is Grenada's answer to St Barts, St Tropez, the Costa Smeralda, and Portofino. My commitment to Port Louis is 'nothing but the best' and that's exactly what Camper &amp; Nicholsons are bringing - a world class marina and the highest quality of service.' <noscript></noscript>

Camper & Nicholsons Marina Investments acquires the marina at Port Louis

Grenada will soon be featured in some of the top publications and television stations in the Caribbean Region. This news follows a successful regional media trip hosted by Port Louis developer Peter de Savary. Mr. de Savary invited journalists from TV-J in Jamaica, the Nation Newspaper in Barbados, the Trinidad Express, the Compass Magazine and the BBC Caribbean Report to visit Grenada. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/123612/image/large-01e6a3033c8909e1b08df3bfdeabb910.jpg" data-gid="gid://syiq/Photo/123612">The journalists toured Port Louis, Mount Cinnamon and Mt. Edgecombe as well as other tourism related sites throughout the country. The purpose of the trip was to give the people of the region a real sense of the serious tourism development taking place in Grenada. Among the group of journalists visiting Grenada was veteran broadcaster and columnist Anthony Fraser who is a correspondent for BBC Caribbean and Associated Press. Mr. Fraser says he was very surprised over the level of development taking place in Grenada. He noted that the Port Louis project would be very beneficial to Grenada and wished the developers well. This media trip is part of Mr. de Savary's effort to promote Grenada regionally and internationally. Mr. de Savary has already invited over 50 journalists to Grenada from some of the world's top media organisations. British Airways in flight magazine High Life, the Times, the Guardian, All at Sea, Yachts International just to name a few. Mr. de Savary has committed to promoting Grenada as part of his investment thrust into the country. As part of his promotional efforts, he has branded his personal aircraft with the Grenada flag’s colours, created a magazine called Grenada Life which has a distribution of over 175 000 to the worlds most influential investors and tourists and promoted Grenada at the world's top boat shows in Europe and the United States. <noscript></noscript>

Peter de Savary invite journalists from the Caribbean Region to Grenada

Port Louis Grenada is once again helping to bring another major sporting event to Grenada. On Thursday October 11, 2007, Port Louis announced its Silver Sponsorship of the Grenada Classic Yacht Regatta. The Regatta will be held from February 21 st 2008 through February 24th 2008. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/123538/image/large-217c9869844970b1c379ab309e247e35.jpg" data-gid="gid://syiq/Photo/123538">Port Louis Chairman Peter de Savary described the race as a unique event. He noted that Grenadian sailing enthusiasts will be thrilled to see classic yachts sail in the beautiful waters off of Grenada into the lagoon. "I am sure that this event will bring back pleasant memories. I can imagine parents bringing their children out to see these wonderful vessels and reminiscing about the past. These classic yachts sailed our waters years ago and I know that most Grenadians have not seen these kinds of yachts for many years. We at Port Louis Grenada are therefore delighted to be a major sponsor of this event." Mr. de Savary noted that his organization would continue to sponsor worthwhile events in Grenada. "We have already committed sponsorship to the Grenada Round the Island Easter Regatta 2007, the Port Louis Grenada Sailing Festival 2008, Grenada Billfish Tournament 2007 and the Grenada Cricket Classics 2007. These sponsorships not only demonstrate our commitment to the development of sports, but our commitment to promoting Grenada as an event destination." Additional sponsors of the event include Bel Air Plantation as a Silver Sponsor, Shipwrights Ltd. and the Maritime School of the West Indies. Several other organizations are in the process of committing their sponsorship to the Grenada Classic Regatta.

Port Louis Grenada sponsors first Grenada Classic Yacht Regatta 2008   

The view of the Carenage and historic St George's provided the perfect backdrop for the launch of the Port Louis Grenada sailing festival. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/123305/image/large-fe151681dbf98922e44f3facbb93fb9a.jpg" data-gid="gid://syiq/Photo/123305">Chairman, Peter de Savary with Grenada Sailing Festival members, friends and sponsors Over two hundred persons from Grenada and the Caribbean joined the sailing festival team and new sponsors Port Louis Grenada at the Victory Bar, for the biggest pre event celebration in the history of the sailing festival. Among those enjoying the absolutely delightful evening were Minister of Works Hon Brenda Hood; Minister of Private Sector Development Hon Einstein Louison; Sailing festival Chairman Jimmy Bristol and his entire team and Chairman and Founder of Savvy Grenada Peter de Savary. Cocktails and champagne were followed by speeches as Minister Hood, Mr. Bristol and Mr. de Savary all endorsed the festival and committed to developing it into one of the best in the world. Both government and the festival committee complimented Port Louis Grenada for making a long term commitment to sponsoring the sailing festival. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/123306/image/large-d15a41ad604ba0b6c8f9b038a8874867.jpg" data-gid="gid://syiq/Photo/123306">left to right, Vivian Burkhardt, Ms. Grenada World 2007, Peter de Savary, Chairman of Port Louis, Ms. Jennifer Hosten, Ms. World 1970 and Mr. Peter "Champie" Evans, renowed Grenada yachtsman.Port Louis Grenada has committed to sponsoring the sailing festival for the next three years. During this time Port Louis and the festival organizers will be marketing the festival globally. The Port Louis Grenada Sailing Festival, January 25th – 29th 2008. It will feature races in Workboat and Keelboat categories as well as Kayak races and Junior Races. <noscript></noscript>

Port Louis Grenada Sailing Festival launches in style

The first luxury yacht has arrived at Port Louis Grenada. The 128 ft mega yacht called Savvy is owned by Port Louis developer and Chairman Peter De Savary. Savvy is the first yacht to be berthed at the new Port Louis site.Port Louis developers say when the Port Louis Marina is completed the area will be heavily populated with hundreds of luxury yachts. These luxury yachts they say will bring some of the world’s most sought after tourists to Grenada. They say that Port Louis will provide the perfect setting for staging some of the most exclusive events and open many doors for the country in Yachting and Tourism. Savvy was built in 1966 and was completely rebuilt and refitted between 2002 and 2004. It is described as a gentleman’s ocean going classic yacht for worldwide cruising. It features four en-suite luxurious staterooms to entertain 8 guests with additional high class accommodation for its crew of up to nine. In addition to providing a range of services to the world’s most elite yachtsmen, Port Louis marina will be the home of the soon to be opened Victory Bar and Grill.<noscript></noscript>