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Bring on Hyatt

Bring on Hyatt

One of this island’s real estate and property management magnates is throwing his support behind the proposed 15-storey Hyatt Centric Resort. Chief Executive Officer of Terra Caribbean Andrew Mallalieu said he was yet to hear any “credible argument” as to why the multi-storey hotel should not be built at the proposed Lower Bay Street, Bridgetown […]

Luxury gone soft

Luxury gone soft

The real estate market here is facing some significant headwinds, with the local/middle income segment recording a decline of about 40 per cent in transactions over the past ten years despite a weakening in property value. In addition, Chief Operating Officer of Terra Caribbean Hayden Hutton said the value of the luxury/foreign segment also declined […]

Old BET property goes under the hammer

Old BET property goes under the hammer

The ten-acre commercial site in Wildey, St Michael, which houses the BET buildings, could be in the hands of new owners by the end of October this year. Fortress Caribbean Property Fund Limited SCC (Property Fund) reported in its half year report for the period ending March 31, 2016, that a conditional offer for sale […]

O’Sullivan pleased with Port Ferdinand performance

O’Sullivan pleased with Port Ferdinand performance

Barbados’ newest multi-million dollar luxury accommodation, Port Ferdinand Marina, is performing way above expectations with nearly a dozen units sold since it went on the market just under five months ago. Word of that has come from Eoin O’Sullivan, group general manager of Unna Luxury Resorts and Residences, resort company of the St Peter property. […]