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

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%
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