TURKS & CAICOS PROTECTED AREAS GET EU FUNDING

Turks and Caicos protected areas get EU funding
Written by fp staff
Thursday, 16 September 2010 08:28

The Turks and Caicos National Trust has received the first installment from the European Union to support sustainable use of the country’s Protected Areas.
Three major islands and cays will receive much needed infrastructure that will promote and encourage sustainable use of Protected Areas, which include national parks, nature reserves, sanctuaries and areas of historic interest. The spinoffs will create job opportunities for Turks and Caicos Islanders.

Construction of a modest and appropriate visitor lounge for Little Water Cay (Iguana Island) Nature Reserve should commence soon. It will be the first of several activities designed for the project.

The focal point of the trust’s project will be 111 acres at Bird Rock Point on the eastern most tip of Providenciales.

Over a three-year span, Bird Rock Point will be surveyed demarcating the boundaries for a nature reserve, a sanctuary and areas set aside for picnicking, camping and other recreational and commercial activities which would contribute to the sustainability of this venture. In the second year of the project, the trust hopes to complete construction of its educational resource facility which will also serve as a visitor centre in this area.

The Cheshire Hall Plantation site in Providenciales will be upgraded with a visitor centre and general enhancement, including trails, landscaping and interpretative material through this special project.

The community of Kew on North Caicos and the wider community of the TCI stand to benefit in the short- and long-term from the redevelopment of the Wade’s Green Plantation, another activity within the three-year project. This particular heritage site will also receive a visitor lounge, enhancement to field roads, restructuring of the maintenance programme, additional interpretative panels and literature as well as redesigning of the guided tour.

With the first installment of $83,618, the three-year Management of Protected Areas to Support Sustainable Economics Project is 58 percent EU financed. It is a regional project involving three U.K. overseas territories — TCI, Cayman Islands and the British Virgin Islands.

The National Trust is relieved that the project has finally come to fruition having been in the embryonic state for more than three years. The management council of the trust expressed gratitude to the EU delegation for working through the bureaucracy to bring the project on stream.

At the completion of the project, the TCI and the National Trust would have benefitted from more than 900,000 Euros.

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Turks & Caicos Free Press

Airport groundbreaking a “major milestone”

Wednesday, Jul 28, 2010

WORK is officially underway on an immense $70m expansion and renovation project at Providenciales International Airport.
Over the coming months the runway and terminal will be completely transformed to accommodate larger aircraft, more frequent flights and more visitors.
Dubbed “a major milestone” for the country, the self-financed venture is expected to assist the Turks and Caicos Islands on its way to economic recovery.
On Monday morning all of the project’s major supporters gathered at the site of the runway extension to witness the historic groundbreaking ceremony.
John Smith, chief executive officer of the Turks and Caicos Islands Airport Authority (TCIAA), took to the podium to tell a packed tent full of attendees about the project.
He explained that during the first phase Canadian-based company Dexter Construction will carry out a lengthening of the runway.
During phase two, which has yet to be released to tender, a selected company will expand the terminal building.
Once the entire project is complete the airport will be able to accommodate more frequent flights to and from North America, Mr Smith said, as well as larger aircraft from as far afield as Europe and Asia.
Mark Capes, acting governor and public service CEO, said he was delighted to see the first stage of the project underway.
“The construction of the new runway is an important step towards creating a modern, safe and efficient international gateway that will enhance the appeal and competitiveness of the TCI.
“It will inject several million dollars directly into the economy, safeguarding many local jobs during this difficult period of economic recession that confronts the region.”
Mr Capes said that the TC Government has worked in close partnership with the TCIAA to secure the necessary funding and approvals needed for this “critical” project.
He added that the award of the contract to Dexter Construction is an example of the government’s commitment to follow internationally recognised standards in investment appraisal and public procurement.
The company has vowed to establish a scholarship programme for a number of Belongers working on this project, who will have the opportunity to study at training facilities in Canada.
“This will help to bring-on young local talent and build a skilled indigenous workforce, ready to contribute to the future of this country,” Mr Capes said.
Locally-based Cove Construction and CBMS have also been chosen as major sub-contractors in the extensive runway works.
Mr Capes continued: “Many challenges still lie ahead as we work to stabilise our fiscal position and economy.
“The road to recovery here, as elsewhere, will be testing. But I have no doubt that this project will play a key part in securing that recovery over the longer term.”
Caesar Campbell, CEO of the Turks and Caicos Hotel and Tourism Authority, said the project would make life easier for visitors and residents arriving at Providenciales Airport.
“Congestion is a major challenge for us particularly on the weekends and we have to fix this – we’ve been getting complaints left, right and centre from our visitors and residents.
“So it’s a welcome move on the part of the government and we look forward to working with Airport Authority.”
FirstCaribbean and Barclays Capital have partnered to provide up to $70m for the redevelopment and expansion project.
FirstCaribbean corporate director Peter Horton, who was present at the ceremony, said he was proud to be part of the “momentous” occasion.
“We would like to thank the Turks and Caicos Airport Authority for the confidence they have placed in us.
“We are pleased to have been chosen as your financial partner in helping facilitate this milestone and we look forward to working with you to ensure its successful conclusion.”
An airport redevelopment charge of $20 which is paid by every passenger that passes through Providenciales International Airport will fund the loan repayments.
Following the speeches Mr Capes joined Herbert Ingham, chairman of the TCIAA, in breaking ground at the site of the runway extension.

By Rebecca Bird
Turks & Caicos Weekly News

Long Bay Beachfront – 1 Acre Lot – $695,000

Long Bay Beachfront – priced to sell!!

“Excellent investment beachfront parcel with double frontage of 270’, almost twice the standard frontage in this area. In vicinity of future high-end resort, the Shore Club”.

Contact:
Nina Siegenthaler-Borges
t 649-946-4474 c 649-231-0707
nina@tcsothebysrealty.com
Providenciales, Turks & Caiocs Islands

Introducing Villa Turquesa

A fusion of luxury and casual living define this rare tranquil residential estate nestled within the coveted Ocean Point Drive Community on Sapodilla Bay. Elevated above the emblazoned turquoise waters the Colonial Barbadian architecture has left no details overlooked. From the inviting balconies and terraces to the masterfully framed private infinity pool, this 3560 sq. ft. 4 bed, 4.5 bath home is replete with classic detailing and master craftsmanship. The classic design of this prime estate affords breathtaking views from every room. The upper floor master suite is complete with custom trayed tongue and grove ceilings, fine furnishings and wood floors. The large airy living and dining spaces with beamed vaulted ceilings are capable of hosting formal occasions, but are just as enjoyable for intimate family living. Among the interior highlights are the state of the art professional grade kitchen with modern amenities, complimented with custom hand crafted trim cabinetry and doors, finished with meticulous detail from the grand era of days gone by. The gentle white washed Barbadian Coral Stone exterior, Carriage car park and storage space blends artfully with magnificently landscaped grounds, all flowing together, defining a Caribbean residential masterpiece.

Mark Mills
Sales Associate
Turks & Caicos Sotheby’s International Realty
t 649-946-4474 c 649-242-0551

View Villa Turquesa

Five Turtles Villa – Outstanding Value

Five Turtles Villa – Outstanding Value – Priced at $2,500,000

There is a certain sumptuous Caribbean ambiance bordering on a Mediterranean flair which defines Five Turtles above all others. You will be able to savour and determine how this has been achieved when you view this beautiful, single storey beach villa. Five Turtles enjoys a flowing design for comfort, ease and sheer elegance. The lush private entrance accented by a peaceful waterfall immediately sets the scene for what is to come. Built in 2003 of block and poured concrete, cedar shingle roof, 3,000 sq ft, AC in all bedrooms, large swimming pool enhanced with 5 decorative turtle motifs, large entertainment and sunbathing patio (with shaded area), cable TV, internet access, tennis courts, fully furnished and beautifully landscaped. Set within 0.5 acres with ocean and beach views it is ideally located to soak in the mesmerizing sunsets, and the tranquil, clear, turquoise waters of Sunset Bay. Come sooth your soul at Five Turtles.

Contact: Karen Biker, Turks & Caiocs Sotheby’s International Realty, 649-231-0217

Turks & Caicos Islands Relaxes Immigration Requirements for Long-Stay Tourists

MINISTRY OF BORDER CONTROL & LABOUR
GRAND TURK, TURKS & CAICOS ISLANDS, BRITISH WEST INDIES
TELEPHONE: (649) 946-2801/Ext 40710 FAX: (649) 946-2885

TCI relaxes immigration requirements to encourage business and long-stay tourists
Leave to enter and remain for bona fide visitors tripled to 90 days

TCI is more open than ever for business and investment: That’s the message the Ministry of Border Control sent today as it announced the tripling from 30 to 90 days of the maximum period businessmen, tourists and other genuine visitors without seeking an extension of stay.

The rules, promulgated in guidance to ministry staff today, were made in an amendment to the Immigration Ordinance on January 16, 2009 which says that, instead of 30 days, Immigration Officers granting entry to a visitor should normally give leave to enter and remain for a period not exceeding 90 days. Effective May 1, 2010, the amendment allows Immigration Officers to grant leave of less than 90 days in cases where there is doubt as to the visitors’ intentions but it is expected that this provision would only be used sparingly. Importantly too, strict measures would still be in place to deal with any abuse.

On making the announcement, Clara Gardiner, Permanent Secretary at the Ministry of Border Control and Labour said: “As we look to bring on economic recovery, it’s key that we make it clear that TCI welcomes genuine visitors and investors to the islands. Our new 90-day policy is intended to reflect that.

“Take for example a retired couple from abroad who own property in the TCI and wish to visit for a long vacation, or the investor supervising the setting up a new business. There’s no reason we should be making them hurry home or seek multiple extensions. Such visitors are not competing in the local job market, nor do they place a burden on public services. But they do contribute significantly to the local economy and give generously to local charities and community events. People like these should be welcomed to these shores: TCI should be encouraging them to plan for an extended hassle-free stay.”

Villa Renaissance – Suite 103 – Price to Sell at $695,000

Villa Renaissance – Suite 103 – Price to Sell at $695,000

The powdery white sand is soft with every step…the crystal turquoise ocean is the only backdrop to this magnificent encounter….Villa Renaissance. Not just a hotel or resort, but Providenciales only Grand Villa Retreat. Welcome to Turks and Caicos’ beachfront sensation!

Experience tranquility and the pure beauty of Grace Bay beach in this beach level suite. The classical two bedroom floorplan (1,582 sq. ft.) feels like a home directly on the beach with wonderful ocean views and lush landscaping surrounding the Juliet Balcony. Outdoor and indoor living areas are integrated with disappearing pocket sliding doors. This suite offers all the comforts of fine Island living to its owners and posts a successful track record in the property`s rental program.

Link to Property: Villa Renaissance – Suite 103

Grace Bay Club Villa B203 – Reduced to $1,050,000 – Priced to Sell!! NOW SOLD!

Grace Bay Club Villa B203 – Reduced to $1,050,000 – Priced to Sell!! NOW SOLD!

The Villas are far from just another beachfront condominium project. This is ownership completely integrated into the Grace Bay Club, providing owners with full use of all five-star amenities and services as well as the benefit of international management expertise. Ownership in the Villas provides residents with the ultimate in beachfront living within an established and award-winning resort.

The property boasts multiple oceanfront fine and casual dining venues, Anani Spa, fitness, business center, and adult and family friendly pools. An affiliate of Leading Small Hotels of the World and American Express Fine Hotels & Resorts, Grace Bay Club is known for excellent service, luxury accommodations, solid room rates, steady occupancy, and easy access from major cities in North America. This gives owners peace of mind that, not only will their residences be managed well when they are not using them, but will also have strong potential for revenue, and have excellent track record in the resort’s successful rental program.

These sought after residences split up into two separate beachfront units including a lockout “Junior Suite” ideal for optimum rental income. Designer furnishings make this a unique offering as owners can enjoy Grace Bay Club’s renowned services and amenities combined with the privacy of a beachfront home.

Link to this property: Grace Bay Villa B203

TURKS & CAICOS SOTHEBY’S INTERNATIONAL REALTY PARTICPATES IN LUXURY REAL ESTATE CONFERENCE

FOR IMMEDIATE RELEASE

CONTACT:

Turks & Caicos
Sotheby’s International Realty
649-946-4474
info@tcsothebysrealty.com

TURKS & CAICOS SOTHEBY’S INTERNATIONAL REALTY PARTICPATES IN LUXURY REAL ESTATE CONFERENCE

Providenciales, TCI (April 28, 2010) – Turks & Caicos Sotheby’s International Realty, a luxury real estate firm based in Providenciales, TCI, recently participated in the
2010 Sotheby’s International Realty® Global Networking Event.

This dynamic, three-day event provided a unique opportunity for all sales associates, managers and owners who are members of the Sotheby’s International Realty network to connect, exchange ideas and forge relationships designed to help build their businesses and drive new leads to their listings.

“The annual Global Networking Event provides a unique value to our firm and agents,” said Nina Siegenthaler, Director/Broker, Turks & Caicos Sotheby’s International Realty. “It allows our firm to share ideas and best practices with our fellow brand professionals from all over the world. We also had the opportunity to learn more about the real estate business worldwide through informative breakout sessions on a variety of topics.”

The event was held April 12 to 15 at the Manchester Grand Hyatt San Diego in San Diego, Calif. Keynote speakers were Benjamin Zander, conductor of the Boston Philharmonic Orchestra, and Matthew Ferrara of real estate consulting firm Matthew Ferrara & Company. Guest speaker and three-time Olympic medalist Julia Mancuso spoke about her Olympic experiences and work ethic.

Turks & Caicos Sotheby’s International Realty, which has offices in Providenciales, TCI, offers exclusive Sotheby’s International Realty marketing, advertising and referral services designed to attract well-qualified buyers to the firm’s property listings. In addition, the firm and its clients benefit from an association with the Sotheby’s auction house, which promotes real estate referral opportunities with auction house clientele.

As a Sotheby’s International Realty affiliate, the firm also has the unique ability to refer its real estate clientele to the auction house for jewelry, art, unique furniture and collectible appraisal services. Property listings from Turks & Caicos Sotheby’s International Realty also are marketed on the sothebysrealty.com global Web site, as well as on the firm’s local Web site, tcsothebysrealty.com.

“The Global Networking Event enables Sotheby’s International Realty affiliates from around the world to join together to share their collective insights and experiences, highlighting the true strength of the Sotheby’s International Realty network” said Michael R. Good, chief executive officer, Sotheby’s International Realty Affiliates LLC. “Every individual attending this conference is committed to working together to help us grow our network, and we appreciate their ongoing dedication and enthusiasm.”

Turks & Caicos Sotheby’s International Realty is located at Venture House in Grace Bay. For additional information, please contact 649-946-4474.

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The Government of Turks & Caicos Announces Reduced Stamp Duty

The Government of Turks & Caicos Announces Reduced Stamp Duty
April 26, 2010

The new fees apply to all islands except North Caicos, Middle Caicos, East Caicos, South Caicos, Grand Turk and Salt Cay, which are 50 percent of the following rates:

Less than $25,000—no duty.
$25,000-500,000 — 4%
3.6% — one payment
1% — four payments

$500,000-1.5 million — 6%
5.4% — one payment
1.5% — four payments

$1.5-3 million — 8%
7.2% — one payment
2% — four payments

More than $3 million —10%
9% — one payment
2.5% — four payments

“The new stamp duty schedule is welcome news to the real estate industry and for the TCI economy. The combination of significantly lower rates at all but the uppermost tier, and the ability to pay the stamp duty either up front at a 10% discount, or over 4 years at the full rate, will provide much needed stimulus for buyers in the short, mid and long term. It reflects forward thinking on part of the TCI government, and is the result of effective communication amongst the Turks and Real Estate Association, The Council of Business Associations and the TCI Government”.

Joe Zahm
President / Broker
Turks & Caicos Sotheby’s International Realty