Eden Island

Client:

Eden Island

Date:

2010, 2011, 2013

Location:

Seychelles

Sector:

Hospitality/Real Estate

Project Type:

New and Expansion

Amount:

US$ 10 million; US$ 10 million; US$ 15 million

Services:

  • Long-term Financing

Description:

Eden island is a man-made 56 hectare island created through land reclamation from the sea. The project is a private residential marina which entailed the development and construction of 578 luxury residential units. The project also has a retail center with a supermarket, restaurants, jeweler, wine shops, boutiques, bookshops, pharmacies and banks amongst others.

Impact:

Eden Island has contributed significantly to the country’s forex generation and is expected to remain an important source of much needed foreign currency through attracting high net-worth international tourists with substantial spending power and foreign direct investment. The houses are sold in foreign currency and this represents a major direct injection into the country’s forex reserves.