EXCLUSIVE FIVE STAR NIKKI BEACH RESORT LAUNCHED AT CANNES FILM FESTIVAL

EXCLUSIVE FIVE STAR NIKKI BEACH RESORT LAUNCHED AT CANNES FILM FESTIVAL (24/5/2007)
Sao Vicente, Cape Verde Tipped as new jet-set hot spot.

Cannes, FRANCE – Thursday 24, 2007 – Cape Verde Development, the largest and most prestigious property developer in Cape Verde along with its partner Nikki Beach, one of the world’s leading lifestyle and entertainment brands today launched plans for their first joint venture hotel and resort on the archipelago. The investment believed to be in excess of €35 million will see the old fort on an elevated site at the centre of Sao Vicente’s capital, Mindelo transform into an investment opportunity well beyond first class.

The only resort of its kind in the archipelago, Fortim Mindelo will have huge international appeal and become one of the top resorts of in world. Expected to complete in 2009, this luxury five star resort will only have a small number of very select apartments and villas. All accommodation is large in size and designed by international architects in consultation with the Nikki interiors team, aiming to deliver the ultimate luxurious experience for the investors and jet-set guests expected at this resort.

Speaking about his latest project Tom Sheehy, director Cape Verde Development said, “Our aim has always been to set the standard for development on the islands, truly endorsing the Government’s objective of high quality tourism. With this comes its own challenges as with each project we need to raise the bar!

We are very fortunate to have found a partner like Nikki Beach to work with us on ‘the Fortim’ as Nikki Beach and ‘hip’ go hand in hand. While we are proud of everything we do in Cape Verde, we expect Fortim Mindelo to be the true jewel in our crown,” concluded Sheehy.

Fortim Mindelo Hotel & Resort is 10 minutes from the Airport in Sao Vicente. Situated in the center of Mindelo on an unrivalled elevated site, the resort has 360 views of the beautiful bay to the front and the town beach and the multicoloured houses of the capital to the other sides. As well as having the town’s amenities on its doorstep, Fortim Mindelo is only 10kms from the famous beaches of Baia das Gatas and Praia Grande. Planned championship golf courses are also within easy reach.

The development comprises 60 luxury two bedroom apartments and 14 villas. Prices start at €335,000 for two bedroom apartments (circa 117sq/m interiors with 31 sq/m terraces) or €995,000 for villas (circa 250 sq/m interiors plus terraces of 115 sq/m).

All accommodation will be constructed to a five star standard including the interiors which will have state of the art kitchens with granite work tops; there will also be marble/porcelina flooring throughout, jacuzzi baths, floor to ceiling sliding terrace doors, in home entertainment systems, air conditioning etc. And, to top this off, Fortim Mindelo will provide a wide range of leisure facilities – cool pools with sgnature Nikki opium beds, Nikki’s Satine and Pearl restaurants and its infamous nightclub along with bars, a casino and entertainment centre.

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Fez Morocco-property market is affordable

The Telegraph recently ran a property article entitled “Forget Marrakech and focus on Fez”.
The comparison is an interesting one. We happen to love Marrakech; it is a bustling and exciting city that has continuing investment potential. Fez has a more slow-paced and traditional feel, while its climate ensures that, unusually for Morocco, it is surrounded by fertile
green valleys. These have helped it become one of the country’s major agricultural regions, and exports of produce such as olives and capers are a boon for the local economy.
The city’s property market is affordable, booming and reminiscent of Marrakech a few years ago.
Marrakech has been and continues to be an excellent investment prospect and we see Fez heading a similar way.

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Murdeira Beach Resort neighboring the exclusive Nikki Beach Resort

Murdeira Beach Resort, Features and Benefits.
Neighboring the exclusive Nikki Beach Resort, making the whole resort more desirable and exclusive.
Below current market value, ensuring strong growth potential for investors.
Highly desirable location and on site amenities, ensuring high rental potential and strong yields to investors.
Variety of local amenities ensuring the Islands ranking as one of the Worlds most , including Scuba Diving at one of the islands accredited Padi diving schools, an Ernie Els signature golf club, island tours, windsurfing lessons and an exclusive Nikki Beach Resort.
Flexible payment terms, easing the financial pressure.
Unique Exclusive Packages, ensuring incentives for both holiday home owners and investors alike.
A wide range of on site facilities including tennis courts, beach volley, access to diving services and the local kite surfing facilities, a local marina with a variety of restaurants and bars, local and on site boutique shopping facilities. Ensuring that your every whim is catered for.
Short distance to Sal International airport, making the project accessible from major European cities.
Front line beach project, ensuring that the location is one of the most desirable on the Island.
A fifteen minute walk from the main town of Santa Maria, providing plenty of local culture.
Law is based Portuguese system, ensuring peace of mind for purchasers. All legal Due Diligence completed, making a smooth and hassle free transaction.
Exclusive Packages
In-built into each property we include a variety of exclusive packaging options.

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World’s Top Investment Hotspots-Cape Verde

Today Cape Verde is one of the world’s top investment hotspots, it is currently undergoing extensive tourism and infrastructure developments.
Property prices are currently very low and are predicted to appreciate rapidly as Cape Verde begins to establish itself as a top international holiday destination. Direct flights are available from the UK, along with various other major European airports.
The External Investment Law introduced in 1993, included a 5-year initial tax relief to foreign buyers in Cape Verde, with a subsequent 50% corporate tax reduction for the following 10 years. These incentives can be extended indefinitely, on the condition of adequate re-investment.
If investing in tourism, import duty exemptions are granted on the materials necessary for project construction and installation. Full transfers of all net revenues are guaranteed out of Cape Verde, and foreign currency bank accounts are widely available.

We have a commitment to setting the standard and a driving passion in everything we do, from the partners we work with to the sites we acquire and the developments we build.
Through our joint ventures with local entrepreneurs and experts we also constantly strive to build resorts and leisure facilities that are not only forward looking but also in keeping with the country in which
they live. While we are proud of all our work in Cape Verde, Fortim Mindelo will really be a masterpiece, the true jewel in our crown.

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Morocco-Tetouan Key Facts

Tangiers/Tétouan is one of the sixteen regions of Morocco. It is situated in north-eastern part of the country. It covers an area of 11,570 km² and has a population of 2,470,372.

• The capital and cultural center of the region is Tétouan. It is the only open part of Morocco on the Mediterranean Sea, a few miles south of the Strait of Gibraltar, and about 40 minutes by boat (60 kilometres) East-South-East of Tangiers, with Spain in the north and the Atlantic Ocean to its West.

• The setting of Tetouan is unrivalled due to the dramatic Rif mountains in the south and west and spreading across the valley from which Tetouan rises. Tetouan itself though is in fact situated at the centre of a large area of orchards that contain orange, almond, pomegranate and cypress trees.

• Tetouan is picturesquely situated on the northern slopes of the Rif mountain range which flows down the Martil valley, with the harbour of Tetouan, Martil, at its mouth.

• The Rif Mountains hide Roman ruins of immense scale and majesty, a thermal spa (Moulay Yacoub) and a village of perfect tranquility (Chefchaouen).The blue painted city in the wide valley of the Riff Mountains offers a fabulous and chilling environment. It’s interesting Medina makes it the perfect place to shop while in the North of Morocco.

• The Medina, or the old city is one of the best of its kind in Morocco and has even been placed on the list of UNESCO’s Heritage Sites.

• The Big Mosque with its elaborate enameled entrance, the towering brown brick Spanish Cathedral and the Babu s-Saidi, the tiled gate of the Medina, are the other striking features in the area.

• The local marina, Marina Smir, opened in 1991 and has been developed by a Spanish group to the same standards as one finds on the Costa del Sol, offering first-class facilities for yachtsmen and visiting tourists who wish to enjoy a Mediterranean resort with a difference.

• The renowned Cabo Negro Royal Golf course is situated in Tetouan, the 18 hole course which opened in 1972 and was designed by Hawtree and Sons according to English standards. The front 9 holes run along the coastline with strategic bunkers and mainly straight fairways but the back 9 holes open out into full view of the Rif mountains.

• The new airport at Tangier and the new ‘Open skies agreement’ have resulted in Monarch and Ryan Air being rumoured to have signed up to Tangiers and Tetouan airports. Easyjet have recently announced their new Madrid to Tangier route for early 2008 .

• There is a huge port being built in between Tangier and Tetouan – provisionally named the Golden Mediterranean. This will take freight away from Tangier port, returning it to a more touristic destination. The new port is intended to be the main hub into Africa, with good road links being built in the surrounding areas. A new motorway between Tangier and Tetouan is under construction, this new motorway will provide excellent access to coastal destinations. A recently announced TVG train line is also being planned to link Tangiers to Marrakech.

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Nikki Beach-Cape Verde Development

What began as an exclusive beach club concept has developed into a world renowned lifestyle venue, bringing together the ultimate in entertainment, dining, music, art, theatre and fashion, earning the reputation as the Sexiest Party on Earth.
Providing a unique atmosphere of beauty and ambience in an innovative style, Nikki Beach offers high end leisure designed with elegant simplicity throughout its various international locations, where it has developed and grown into a lifestyle company.
Having been involved in various international events, such as the Cannes Film Festival and the Oscar Awards, the Nikki Beach concept continues to provide its famous VIP service between all of its international venues, interactive events and luxury beach resorts worldwide.
For endless nights of stunning ambience, surrounded by the world’s most beautiful people with like-minded attitudes of decadent enjoyment, Nikki Beach never fails to deliver.
Cape Verde, St. Tropez, St. Barths, Cabo San Lucas, New York City, Marbella, Miami Beach, Turks & Caicos, Koh Samui, Panama City, Hollywood, Puerto Vallarta, Marrakech, Reno.
The Nikki Beach Cape Verde development, exclusive to Property Zone Direct, is an award winning boutique resort, featuring a casino, gourmet restaurants and the world renowned Nikki Beach club, overlooking one of the most beautiful bays in the world. The truly outstanding 5-star hotel, villas and apartments of modern architecture will be complimented by an extensive array of on-site features.

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Morocco – Key Factors

Political and economic stability with continuing growth
Massive investment in infrastructure and tourist locations
Ongoing Growth in Tourist levels – 12% annual increase in 2006 and a 14% annual increase in 2007
Low entry level property in comparison to other European Destinations
Cultural Mecca
Wide variety of Tourists from France, Spain, Belgium and increasing levels from the UK
Un-spoilt beach front locations
Open Skies Policy encouraging massive growth in budget airlines
Capital Growth in excess of 15% per Annum
Excellent rental potential
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Real Estate Market in Cape Verde

Cape Verde’s market is enjoying sustainable growth in the economy, tourism and the local housing market, all of which will be reflected in unparalleled returns to investors.

A study reported by the ‘Noscasa Property Index’ showed capital appreciation in real estate of 17% during 2007. This growth is forecast to continue with levels of 20-30% anticipated for 2008/9.
Realistic Forecast Rental Returns.
Calculations of Net Yields have been provided, based on the following assumptions:

Two Bedroom Resort Apartments
• Liquid Cash Required: €50,000 + €30,000 = €80,000
(50,000€ required on Deposit – 30,000€ payable 2010)
Using a two-bedroom apartment on the five star Paradise Beach Spa development on the Island of Sal for illustrative purposes the capital investment requirement for freehold purchase is:
80,000€ (40% of overall property price based on a two bedroom 200,000€ property)

Weekly Gross Rental Income
A standard two-bedroom apartment (sleeps 6) currently rents for the same amount as a standard hotel room (sleeps 2).
Cost per night for one bedroom in a four star hotel on the Island of Sal:
• 125€ per night (calculation based on: The Morabeza Hotel, Sal, Cape Verde)
• 875€ per week (calculation based on seven nights)

Annual Gross Rental Income – 35,000€ per annum
Forecast rental income based on a 40 week basis at a conservative 75% occupancy rate (allowing for three months of the year unrented or for personal use) will generate 35,000€ per annum (Calculation based on weekly rate for a single room in the Morebeza Hotel).

There are two main options available for the rental of self catering accommodation:

Option 1. Property is rented via a local property management company – providing net Annual Yields of 10%

Option 2. Property is rented direct by the owner via one of the various property rental portals – providing net Annual Yields of 17%

According to a Mintel study relating to holiday booking trends – 60% of all UK tourists now book self-catering accommodation with in excess of 35% being booked directly with the owners online, illustrating the demand for owner direct bookings.

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Cape Verde The Perfect Location

Cape Verde consists of an archipelago of islands located in the Atlantic Ocean, 500km off the west coast of Africa. The total land mass is approximately 4,000km2, with each island deriving from volcanic origin. The landscape of most of the Cape Verde islands are rugged and mountainous however three of the islands; Sal, Maio and Boa Vista, are flat with extensive sandy beaches.

The Islands
• Santo Antao Island
Considered one of the most spectacular islands of Cape Verde, the north and south of Santo Antao is divided by an extensive, stunning mountain range. The easiest way to reach the island is by Ferry from the port of Mindelo on the neighbouring island of Sao Vicente. The island does have a regional airport, yet limited flights make the ferry crossings most convenient.
Villages of Sao Antao consist of many colonial style houses and elegant buildings. Considered a walker’s paradise, many tourists visit the island for the trekking routes with breath taking views through the tropical vegetation.
Another feature of the island is a road journey along a 26km long mosaic style route constructed from volcanic stones. Travelling over deep gorges and volcanic ridges from the coast into the misty hillsides, the scenery and the route itself provide a spectacular experience.
• Sao Vicente Island
The capital of Sao Vicente, Mindelo, is a cultural centre of the Cape Verde Islands. A Cosmopolitan town with a large community of intellectuals, musicians and artists. The town hosts the annual carnival, a lively international music event lasting for three days, with traditions influenced from the famous Brazilian carnival.
The port of Sao Vicente is one of the busiest in the Cape Verde Islands, as it acts as one of the main hubs between the lesser densely populated surrounding islands.
Sao Vicente features spectacular beaches, popular amongst wind surfers and sailing enthusiasts. One of the more famous beaches of the island is located on a natural lagoon, separated from the ocean by previous volcanic activity.
• Sao Nicolau Island
Visitors enjoy a dramatic curtain raiser to Sao Nicolau’s breathtaking scenery en-route from the airport to Ribeira Brava, as the road edges a deep fertile valley before turning to reveal the pretty capital cascading down a mountainside. Many of the towns of Sao Nicolau are small, traditional rural communities located along the coastline.
The landscape of Sao Nicolau bears the mark of a past intense, volcanic activity. The rugged features have made the island popular amongst waling and trekking enthusiasts enjoying the arid, volcanic landscape of the interior and the black sandy beaches. Many visitors to the island wish to visit the ‘dragon trees’, a native plant to Sao Nicolau and an endangered species.
• Sal Island
Sal Island is one of the main gateways to Cape Verde, due to the main international airport providing connections from Portugal and several other major European cities. For the holidaymaker, Sal provides an abundance of white sandy beaches and the resort style hotels most holidaymakers are familiar.
Due to the increasing tourism and improved infrastructure on Sal, the island has developed in recent years as the most cosmopolitan and lively of Cape Verde.
The beaches provide one of the main characteristics of the island for holidaymakers, with an abundance of water sport activities. Tourism growth is on the increase with government initiatives in place to open the location to the wider international market.
The island received its name from the natural salt pond from an extinct volcano, used in the past for mining. With salt levels similar to those of the Dead Sea, many visitors visit to enjoy the feeling of weightless floating.
• Boa Vista Island
Boa Vista is a popular touristic location due to the extensive white, sandy beaches and clear, turquoise waters of the ocean. The island is the closest to West Africa and very popular amongst water sports enthusiasts.
The climate of the island is influenced by the hot, dry winds from the Sahara and the interior landscape is mostly barren volcanic rocks contrasting with an occasional green, leafy, palm filled oasis.
The local town squares will often come alive on the weekends with local bands playing the traditional rhythms created from a fusion of African and South American beats.
• Maio Island
Maio Island is one of the most tranquil and deserted islands of Cape Verde, with extensive stretches of unspoilt white sandy beaches. The island is an ideal location for holidaymakers wishing to find a quiet, peaceful beach location, with sleepy local towns and warm, clear waters.
The landscape of the island is desert-like with various sand dunes, an occasional palm filled oasis and minimal evidence of its volcanic past. Some of the beaches of Maio are populated by sea turtles, which have chosen the location for laying their eggs. Protection of the turtles and their habitat is important, so activities such as dune buggy rides are not permitted along these beaches.
• Santiago Island
Santiago is the largest of the Cape Verde islands and one of the busiest, with a distinctly African ambience. The island comes alive with bustling, brightly coloured markets and villagers bartering around the local fishing boats.
While the centre of the island thrives with farming plantations along the extensive mountain ranges, the coastal areas are rugged with occasional stretches of sandy beaches.
With the fortunes of the old town, Cidade Velha, deriving from the slave trades and merchant ships, various remnants of the country’s history, with cobbled, narrow walkways, a former cathedral and the old fortress, can be viewed. Many of these constructions date back to the 15th century, with exceptional views from the fortress.
• Fogo Island
Fogo is an island of contrasts created from the volcanic activity leading to black sandy beaches and green fertile valleys and hillsides. Along the hillsides, various coffee, banana and orange plantations are found, while the towns are awash with pastel painted colonial style houses, along with wide European style avenues.
The centrepiece to the island is the ‘Pico de Fogo’ volcano summit, providing fantastic views of the island and surrounds. Guides are available for trekkers wishing to hike to the summit of the volcano and see the point of the 1995 eruption, where steam is still visible
Fogo is the hottest island of Cape Verde due to its tropical location and relatively recent volcanic activity. The island offers extensive natural contrasts between the arid, dry south and the humid, green northern areas.
• Brava Island
Brava is the smallest inhibited island of Cape Verde, and less frequented by tourists. Considered one of the more attractive islands due to the abundance of flora and vegetation, that thrives in the cool yet humid climate, enveloped in a near permanent mist.
The island has managed to retain its traditional charm, with agriculture and fishing being the main activities. While not a touristic location, the island offers many hidden delights for the visitor, with spectacular scenery from the mountainous landscape.
Accessible by ferry from the neighbouring island of Fogo, many visitors enjoy the bustling activity of the port during the day, along with the high mineral content of the sand found on the island’s only beach. The small beach of black volcanic, mineral dense sand is considered by many to ease the symptoms of arthritis.

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