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Details

GBP 2,000,000,000
Spent so far: GBP 12,000,000
Can spend more: No
Gibraltar
Commercial RE | Hotels/Resorts | Infrastructure | Leisure/Recreation | Residential RE | Shipping/Marine
Assured repayment by: Independent and credible feasibility study

Shovel 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

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.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.