The site is located on a ridge overlooking the beautiful Mullins Bay on the highly desirable West Coast of Barbados. The land is owned by a St Vincent controlled investment vehicle.

The proposed master plan simultaneously addresses two parcels of land, the land of the former "Eastry House" hotel, a five acre site which we own and control, and the adjacent land which is under offer by the St Vincent Group. The two are thought to offer significant “marriage value” and hence our focus on acquiring them for amalgamation purposes.

Gillespie & Steel architects have been appointed as master planning architects to the Mullins Ridge 1 scheme. This scheme provides for the construction of 12 large luxury villas or private houses, necessitating the purchase of part of the adjoining land which it is intended will be aggregated with to form the project known as Mullins Ridge 1. It is intended that if the necessary adjoining land is purchased, the remainder of the land not required for Mullins Ridge 1 this will form phase two ("Mullins Ridge 2") of the development project. 

The Mullins Ridge 2 project also provides for the construction of 12 large luxury villas or private houses, necessitating the purchase of the remainder of the adjoining Wilde Land

Simultaneously the St Vincent Group is engaged in securing a prime beach site suitable for erecting a built-for-purpose beach club facility exclusively for the enjoyment of Mullins Ridge 1 and 2 property owners.

Demolition of the old hotel & clearing of the 5 acre site already owned has commenced. Planning approval for the luxury villas for Mullins Ridge 1 is expected to be approved by the end of 2009. An entirely separate planning application will be required for Mullins Ridge 2 in due course.

Construction for Mullins Ridge 1 is anticipated to commence in 2010 with Mullins Ridge 2 following on thereafter.

Gross Development Value (GDV) of the combined projects is circa US$160 million.

Disclaimer:

The information on this website is published by St. Vincent Capital Limited which is authorised and regulated in the conduct of investment business by the Financial Services Authority number 403089.  St. Vincent Capital Limited is a company registered in England and Wales number 4685568 and its registered address is 3 Beeston Place, London SW1W 0JJ.

Information regarding past performance is not an indication of future performance.  The information contained herein has not been audited or verified by a third party and should not be seen as an indication of future returns.  This website is directed only at certain categories of persons to whom unregulated collective investment schemes may be promoted under the relevant UK regulatory legislation, namely (i) persons outside of the United Kingdom, (ii) persons falling within exemptions set out in the UK Financial Services and Markets Act (Promotion of Collective Investment Schemes) (Exemptions) Order 2001, and (iii) persons falling within the exemptions set out in the UK Financial Services Authority’s Conduct of Business Sourcebook.

The St Vincent Group comprises numerous corporate entities that are needed to ensure that investments are structured to maximum advantage in terms of compliance and absolute returns.