New luxury development to inject life into Turks and Caicos real estate market

PROVIDENCIALES, Turks and Caicos Islands, February 8, 2012 –PR.com)–Middle Caicos, historically known as “Grand Caicos,” will be home to an idyllic and unique new real estate development. The 48-square-mile island, currently home to just 250 residents, is known for its long, secluded, picturesque beaches and stunning natural beauty and was recently recognized as the key to future growth and development in the Turks and Caicos Islands.

Preserving these natural assets is a priority for the developer and key to its unique concept, with the first phase of the proposed low-density, eco-sensitive resort set to include a world-class boutique hotel, beachfront luxury residences, a nature reserve and a health club, all of which will be carefully designed to blend in with the spectacular surroundings.

Grand Caicos Holdings Ltd is the owner and developer of this project in the Turks and Caicos Islands, which was recently ranked as the fourth best place to live in the world. Caribbean real estate specialist 7th Heaven Properties has been appointed as consultant and master agent to develop the brand and launch the project.

Walter Zephirin, founder of 7th Heaven Properties, said:
“We are delighted to have received this appointment and are excited about the prospect of working with Grand Caicos Holdings. This is a key project for the Turks and Caicos Islands and a unique investment opportunity. We are currently reviewing proposals from various development partners which is really exciting.”

The director and owner of Grand Caicos Holdings added:
“We are very excited about our newest project and are delighted to have 7th Heaven Properties as part of it. We feel their maturity, experience and holistic planning will best help us make the ‘Middle’ back to the ‘Grand.’ We have long known how special Middle Caicos is, and we are committed to developing a world-class product while preserving and highlighting its stunning natural and cultural attributes.”

Walter Zephirin also commented:
“After the first site visit, we immediately realised that this would be one of the most sought-after investment opportunities in the Caribbean. This is the only development in the Turks and Caicos Islands that has a development agreement of its kind between the UK and the Turks and Caicos Government. All contracts and approvals have been obtained, and surveys and land registration have been completed. Infrastructure construction has also begun.

“The stunning Turks and Caicos Islands are renowned for privacy, luxury vacations and second homes for high net worth individuals. This development offers a great opportunity to attract foreign investment to the Islands.”

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