€2 Billion investment by Irish developer in Sal, Cape Verde

Cape Verde Development unveils 10 year master plan for Calheta Bay

Ernie Els and Nikki Beach sign up as development partners to create a 'Top Ten' world class luxury resort

Cape Verde Development, the largest and most prestigious property developer in Cape Verde along with its local partners Turim and Editur, today announced a major new €2 billion golf & leisure resort to be developed on a 425 hectare coastal site on Sal’s west coast, 10 minutes from both the tourist town of Santa Maria and the International Airport. ‘Calhelta Bay’, which is scheduled to launch across Europe in 2007, will have an eco-friendly design, magnificent ocean views from 70% of the site and a mixture of landscape, including sandy beaches and rocky coastline.



The resort will feature two Ernie Els 18 hole championship-standard golf courses and luxurious ‘Els Residences’ which are being developed as a joint venture with the golfer. PGA Golf Management will also have a presence as the organisation is locating its national headquarters at the resort. There will be a ‘Nikki Beach Resort’, a strong commercial element, along with an aqua park, golf and spa hotel, a major resort hotel, a marina which will take super yachts and a cultural experience which will tell the story of the islands.



‘From the very start we have embraced a partnership approach which enables us to use expertise from around the world to deliver a high end product in keeping with all that is great about Cape Verde!” said Tom Sheehy, director and founder of Cape Verde Development. “Our new joint ventures with world class golfer Ernie Els and Nikki Beach which has the undisputed reputation as being the “The Sexiest Party on Earth” propels us to a new level of luxury. The Calheta Bay concept, backed by our superior development team will, we believe, deliver a top ten world class resort to Cape Verde.”



As the resort is focused on becoming one of the top ten resorts in the world, it will be developed to the highest standards but with the natural environment in mind. Cape Verde Development has made the decision to develop under 6,000 units on this site which under local planning law could take over 30,000.



Cape Verde is becoming increasingly popular with property investors, providing the promise of a world class destination that will compete with current popular sun destinations in the Caribbean and Europe. With new flights being added right across Europe in 2006 (the Irish and UK markets being the latest additions) there is increasingly no barrier to visiting this wonderfully relaxed, authentic archipelago of islands.



NOTES TO EDITORS:

About Cape Verde Development

Irish company, Cape Verde Development is now the largest developer of quality real estate in Cape Verde. Our aim is to provide clients with a turn key real estate solution which includes mortgage services, legal and interior design. We are committed to delivering both quality and value to investors enabling them to benefit from the current investment potential of this small sleepy archipelago of tropical islands with year round sun, easily accessible from Europe, South Africa and North America.



About Ernie Els Design

Ernie Els Design is committed to transporting Ernie's goodwill across cultures and borders, in order to create classic golf courses of distinction. We will achieve this by formulating unique relationships with the world's finest developers who share our lofty ambitions. Together, we will create attractive destinations that adhere to the principles of sustainable development and sound environmental practice.



About Nikki Beach

Nikki Beach is the ultimate beach club concept that brings dining, fashion, music and entertainment together to earn, as quoted by the London Observer, the undisputed reputation as being the “The Sexiest Party on Earth”.

It is here that you will find a unique blend of gorgeous people from all parts of the globe sharing languid