Category Archives: Latest News
Range Developments Fully Committed to Dominica Work on Cabrits Resort Kempinski Dominica to Restart
Co struction will start again very soon and we expect very little if any delay.)
September 28, 2017 – The directors and staff of Range Developments wish to express their support and solidarity with the people of Dominica in the wake of Hurricane Maria. Its own development, the Cabrits Resort Kempinski Dominica, situated on the north shore of the island near Portsmouth and still under construction, stood firm as the hurricane passed through (see picture). Range Developments is committed to resuming work on the Cabrits Resort Kempinski imminently, as soon as the supply chains restart.
“The best thing we can do for Dominica is to begin construction as quickly as possible to ensure the wheels of the economy start turning through returning people work,” said Mr Mohammed Asaria, Vice Chairman of Range Developments. “We are committed to Dominica and categorically are not leaving. We have a hotel to complete and we will do so with our full commitment. Our responsibility is to our investors and equally to the people of Dominica to ensure sustainable job creation is maintained.”
Relief work for those areas less fortunate has already begun, with supplies being ferried in from neighbouring countries and those farther afield. Prime Minister Roosevelt Skerrit made a stirring speech at the United Nations General Assembly in New York and is galvanising the international aid effort. He was quick to publicise the island’s plight and his efforts to keep the disaster in the public eye are to be commended. He has described the clean-up as a “humungous challenge” but pledged that every village would soon be reached. Countries from across the globe have committed to assist Dominica and support is being extended to Dominica in its time of need.
Over the past few days, the efforts of the Government of Dominica must be applauded and recognised. The country has started on the long path to recovery. Essential utilities such as power, water and telecommunications are beginning to return to communities’ island wide. Roads are beginning to be cleared, while the airports are re-opening.
As the reconstruction of the island’s infrastructure gets underway, Range Developments has lent support to those who have been most affected near its development. It has already sent down a helicopter of urgent supplies, carrying essentials such as food, water, clothing and baby supplies, as well as, assisting with the transportation of relief from neighbouring St Lucia by boat.
Range Developments’ CSR team in the coming days will be identifying a number of long term initiatives to support in the Portsmouth area with a key focus on education and social welfare.
About Range Developments:
Range Developments is an international property developer focusing on high- end hotel resorts in the Caribbean that are well-designed, sustainable and desirable. The Park Hyatt St Kitts won the prestigious Best New Hotel Construction and Design St. Kitts & Nevis award at The International Property Awards 2014-2015. It also won the coveted award of Best New Hotel Construction and Design in the Caribbean 2014-2015. It is due to open in November 17.
Range has two other developments in the region. The Cabrits Resort Kempinski in Dominica is the first government approved real estate project in Dominica under the country’s Citizenship by Investment Program. A minimum investment of US$ 220,000 in the project will entitle investors and their families to a citizenship of the Commonwealth of Dominica. It is currently under construction and the most advanced of any government-approved project on the island. Its third project, The Ritz-Carlton St. Lucia, was announced in August this year.
FOR FURTHER INFORMATION CONTACT:
Rupert Wright
Email: [email protected]
+ 44 7557 371908
Dominica CIU Already Back in Business, in Spite of Hurricane Maria Havoc
Source: Investment Migration Insider
https://www.imidaily.com/caribbean/dominica-ciu-already-back-business-spite-hurricane-maria-havoc/
Author: Ahmed Khalil
Dominica’s CIU is back to normal and processing applications; contrary to a story circulated yesterday.
Prime Minister Roosevelt Skerrit of Dominica said in a Press Conference two days ago that the country’s Citizenship by Investment Unit (CIU) is back to normal following the devastation by Hurricane Maria.
Citizenship by Investment Caribbean / Dominica Real Estate
REAL ESTATE
To qualify for citizenship of Dominica under the Real Estate Option of the Citizenship by Investment Programme, an applicant must purchase authorized real estate to the minimum value of USD 200,000.
On approval in principle of an application through a real estate investment or other approved project, the following fees also apply:
- USD 25,000 for the Main Applicant;
- USD 35,000 for the Main Applicant applying with his or her spouse;
- USD 35,000 for a family of up to four persons, including the Main Applicant and up to three dependants
- USD 50,000 for a family of up to six persons, including the Main Applicant and up to five dependants; or
- USD 70,000 for a family of seven persons or more, including the Main Applicant and six or more dependants
For a full breakdown of the other fees payable under the Real Estate Option, including due diligence fees
The real estate must be held for 3 years and may be eligible for re-sale under the Citizenship by Investment Programme after 5 years from the grant of citizenship.
Link : http://cbiu.gov.dm/investment-opportunities/real-estate/
CO-FOUNDER OF RANGE DEVELOPMENTS VISITS DOMINICA AND SAYS REBUILDING STRATEGY IS ‘UNDERWAY’ AND COUNTRY SHOWING ‘GREAT RESILIENCE’
Prime Minister Roosevelt Skerrit (centre in white cap) with members of the ‘clean-up crew’. Source: Roosevelt Skerrit Facebook Page.
October 16, 2017 – Less than a month after the terrible devastation caused by Hurricane Maria, the streets are being cleared, utilities returning, people are going back to work and a degree of normalcy in daily lives is returning. That’s the view of Mohammed Asaria, co-founder of Range Developments, a company that specialises in developing luxury hotel projects in the Caribbean.
“It was shocking to see at first hand the damage caused by the hurricane,” said Mr Mohammed Asaria, Vice Chairman of Range Developments. “I travelled there last week to see the situation for myself. I was incredibly impressed by the fortitude of the people and the efforts the Government are making to restore their country to the paradise it once was. It was heartening also to see children going back to their schools. The energy and drive amongst the country’s leadership is clear and must be applauded.”
Prime Minister Roosevelt Skerrit is personally leading the entire relief, restoring and rebuilding efforts. He announced recently that water supply has now been restored, as have telecommunications to most areas. In the capital Roseau there are people working on every street corner, cleaners wearing masks hosing down the streets, and water tankers spraying the roads. Vehicular access has been restored in all the island’s roads. The extent of the damage and the cost of the rebuilding will be announced shortly by independent multi-lateral agencies, but is likely to be many multiples of the country’s GDP.
“What we’re doing is to take an opportunity to build back better,” Prime Minister Skerrit told reporters. “And we’re now putting the master plan in place. It entails sustainable livelihoods. In respect to energy, moving more into renewables – geothermal and solar.”
Mr. Asaria also visited Range Developments’ project, The Cabrits Resort Kempinski, on the north-east of the island near Portsmouth.
“I am delighted to see how our team responded to the crisis,” says Mr Asaria. “In the most challenging of circumstances they are already returning to work. Supplies are beginning to get through again as the roads, ports and airports are now re-open. Dominica will rebound from this stronger and in better shape to deal with anything similar that might occur in the future.”
About Range Developments:
Range Developments is an international property developer focusing on high-end hotel resorts in the Caribbean that are well-designed, sustainable and desirable. The Park Hyatt St Kitts won the prestigious Best New Hotel Construction and Design St. Kitts & Nevis award at The International Property Awards 2014-2015. It also won the coveted award of Best New Hotel Construction and Design in the Caribbean 2014-2015. It is due to open in November 17.
Range has two other developments in the region. The Cabrits Resort Kempinski in Dominica is the first government approved real estate project in Dominica under the country’s Citizenship by Investment Program. A minimum investment of US$ 220,000 in the project will entitle investors and their families to a citizenship of the Commonwealth of Dominica. It is currently under construction and the most advanced of any government-approved project on the island. Its third project, The Ritz-Carlton St. Lucia, was announced in August this year.
FOR FURTHER INFORMATION CONTACT:
Rupert Wright
Email: [email protected]
+ 44 7557 371908
Ritz Carlton to operate luxury resort in St Lucia
(L-R) Alejandro Acevedo, Regional Vice President, Marriott International; Mohammed Asaria, vice chairman of Range Developments; and Prime Minister Allen Chastanet signing the operating agreement. Photo: Caribbean News Now
By Caribbean News Now contributor
CASTRIES, St Lucia — Ritz Carlton, the luxury hotel subsidiary of Marriott International, on Thursday signed an operating agreement with Range Developments and the government of Saint Lucia to operate the planned new resort development at Black Bay on the beautiful southern tip of the island.
Ritz Carlton has 91 luxury hotels and resorts in 30 countries and territories, including six in the wider Caribbean: Aruba, Cayman Islands; Mexico, Puerto Rico (2); and USVI.
The agreement was signed on behalf of Marriott/Ritz Carlton by Alejandro Acevedo, regional vice president of Marriott International; Mohammed Asaria, vice chairman of Range Developments; and Saint Lucia Prime Minister Allen Chastanet.
The heart of the Black Bay Master Development will consist of Ritz Carlton branded hotel and villas set on 180 acres. The site is on the Caribbean southwest coast, within easy reach of the international airport and the Pitons, the world famous heritage site. The master development will be developed in a number of phases.
The Ritz Carlton hotel, the anchor of the master development, will be developed under the country’s citizenship-by-investment programme and will comprise 180 rooms.
Range Developments has received plaudits and awards both for its designs and robust and innovative corporate social responsibility activities. This will be the company’s third major luxury development in the Caribbean, following the Park Hyatt St Kitts, which is due to open in November, and Kempinski Dominica.
The Park Hyatt St Kitts won the prestigious Best New Hotel Construction and Design St Kitts and Nevis award at The International Property Awards 2014-2015. It also won the coveted award of Best New Hotel Construction and Design in the Caribbean 2014-2015.
The Ritz Carlton will be designed and built to the highest standards in keeping with Range Development’s ethos and the project will create about 500 jobs on the island during construction, with a similar amount once the hotel is operational.
Saint Lucia’s citizenship-by-investment programme is aimed at encouraging investment in the island. Investors not only have a chance to invest, but assuming they meet the stringent requirements, apply for citizenship of the country, with all the benefits of full citizenship.
