Mediterranean Marina, 5 Star Hotel and Residence | Gibraltar - CHL

GBP 2,000,000,000

Spent so far: GBP 12,000,000

Can spend more: No

Gibraltar

Commercial RE Hospitality Hotels/Resorts Infrastructure Leisure/Recreation Residential RE Shipping/Marine

Assured repayment by: Independent and credible feasibility study

Submission Ready Indicators:

LTV Expectation: 100%

Land/Site: Sale/lease agreed

EPC Contracts: Signed

PPA/OMA or other off-take agreements: Completed awaiting signature

Financial Projections: Completed and available

Most PFX listed opportunities qualify for A+-rated Insurance Wrap

BWG is a planned major mixed-use development featuring residential, commercial, a 5-star hotel and super-yacht marina on Gibraltar. This $2B (GBP) project, to be located on Gibraltar’s east side, has been given full approval of HM’s government and is ready for full implementation. Being built on over 10 hectares of land, on a 150-year ground lease, this superb project will feature a 250-room, flagged luxury hotel, 1100 residential apartments, a commercial center featuring a shopping mall and major supermarket, 400 luxury apartments, a casino and a 70-berth superyacht marina. The project sponsors have coupled with world-class architects, environmental and ECM firms to bring this much needed eastern Mediterranean development to reality. The anticipated build out of the entire project is expected to take place over a five- year period with phased funding occurring in years 1-4. All apartments are expected to be pre-sold as there is currently a waiting list of over 4,000 prospective purchasers. This project affords lucrative VAT tax benefits for both property and super-yacht owners.
GBP Year 1 Year 2 Year 3 Year 4 Year 5
Turnover 
0
 
0
 
70,000,000
 
738,549,000
 
554,159,000
EBITDA 
<115,333,000>
 
<175,827,000>
 
<211,660,000>
 
571,324,000
 
380,438,000
% 
<100%>
 
<100%>
 
<67%>
 
77.35%
 
68.65%
View Executive Summary

Executive summaries and full decks can be viewed only by registered PFX Investors.

Registered Investors, please login to view Executive Summaries.

Not yet registered? Register a new PFX Investor Account.