St. Christopher Club Invests $40 Million In Developments

August 7, 2012

St. Christoper Club's Condos

St. Christoper Club’s Cookie Cutter Condos

Photo By Erasmus Williams

Basseterre, St. Kitts – Nevis
August 08, 2012 (CUOPM)

The St. Christopher Club Group of Companies operated  and managed  by Mr. Rafik Doche, President and  Victor Doche  Managing Director, is investing nearly US$40 million in three condominium and commercial complex projects on St. Kitts’ Frigate Bay.

An additional US$2 million has been spent on land and the first of three condominium complexes that is nearing completion at Scotch Bonnet on the island’s South East Peninsula.

The St. Christopher Club Group of Companies constructed and sold the existing 58-unit St. Christopher Club and is investing in Manor International, Scotch Bonnet and Vista Villas.

It also owns Remax Realty and a US$2 million factory at Bird Rock that manufactures the pre-fabricated slabs.

Managing Director, Mr. Victor Doche   told the Communications Unit in the Office of the Prime Minister (CUOPM) that the US$12 million Manor International project on the hills of Frigate Bay will comprise of 7 buildings with 57 units in all.

The first building with 9 units was completed in December 2011 on the site of the former tennis courts. The second building with 8 units was completed in April 2012, while the third building is presently under construction and should be completed by December 2012. The remaining 3 buildings should be finished by December 2013.

He said all 9 units have been sold in the first building, all 8 in the second building and all 10 in the third building. One has been sold to date in the fourth building slated to be completed by March of 2013.

Mr. Doche has expressed confidence that the remaining 29 units will be sold prior to completion.

The company has purchased the incomplete Horizon structure for nearly US$3 million and renamed the project Vista Villas and is investing US$6 million in this project.

Vista Villas will see the construction of 57 units by the end of 2012. Forty of the 57 units have been sold and to be delivered to the new owners by December 2012.

In association with Mr. Mervin Grant, the Principle of Heritage Plantation, the St. Christopher Club Group agreed to construct a total of 4 buildings on 3 separate lots located at Scotch Bonnet on the South East Peninsula.

According to Mr. Doche, US$1.8 million has been invested to date in the construction of the first building comprising 10 units at Scotch Bonnet. The building is nearing completion and three of the units have been sold.

Three more buildings with 10 units in each will cost a total of US$6 million and will be completed by the end of 2013.

Mr. Doche also disclosed that the St. Christopher Club, which currently consists of 58 units, is to be expanded on the adjoining 2 acres with a new investment of US$9 million in three buildings consisting of 10 units each in addition to a commercial complex.

Construction is to begin in September/October this year and should be completed in 18 months.

The nine-acre beach front St. Christopher Club comprises 4 – three story condominium buildings,   two swimming pools, a pool house, a tennis  court and two restaurants -  Ciao, Italian Restaurant and Rock Lobster.

The precast walls of the condominiums are constructed at a US$2 million factory at Bird Rock, St. Kitts, which is fully operated by trained nationals with the intention to eventually export to other Caribbean Islands.

In total, St. Christopher Club Group employs approximately 60 qualified nationals.

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Category: Nevis Investments, Nevis News

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