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Tennyson Wells

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Realtors targeting $40m sales to wake ‘sleeping giant’

Bahamian realtors yesterday said they were targeting “$40-odd million” in total sales as they bid to awaken the ‘sleeping giant’ that is the Lyford Hills project, which is being developed by ex-Cabinet minister Tennyson Wells.

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Wells-led group eyes third casino licence

Ex-Cabinet Minister Tennyson Wells is heading the second Bahamian group seeking to obtain a casino licence from the Government, Tribune Business can reveal, with their sights set on the one attached to the South Ocean Resort.

Developer: ‘More sales calls in 2 months than last 2 years’

A leading developer has seen more sales inquiries during the initial months of 2013 than “in the last two years”, with the Bahamian real estate industry “anticipating” the Government will reduce all Stamp Duty rates to pre-2010 levels come the May Budget.

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Bacardi buyers to heat up bottled water market

The investor group that acquired the former Bacardi plant is set to go head-to-head with Aquapure and Chelsea’s Choice by entering the reverse osmosis water market in April/May 2013, believing it can achieve “equal market share” with the incumbents.

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Lyford Hills eyes 100% solar 'powered townhome complex'

DEVELOPERS of the 100-acre Lyford Hills community will this week submit plans for a six-unit townhouse complex that will be totally solar powered, while aiming to save $5,000-$6,000 per month in energy costs by running all community facilities off renewable energy.

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Stamp Duty reduction 'across the board' would generate higher buyer interest says developer

REDUCING the Stamp Duty on property deals across the board would generate greater buyer interest and help property sales “tremendously” according to a local developer.

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Lyford Hills developer targeting 6-9 months for Phase I 'sell out'

THE lead developer of Lyford Hills said yesterday he hoped to sell out Phase I of the project in the next six-nine months, telling Tribune Business that interest in the development had picked up in the last few weeks.

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Bacardi purchasers targeting $90m waste-to-energy plant

THE Bahamian investor group that acquired the former Bacardi factory has approached the Government about constructing a $90 million waste-to-energy plant at the southern New Providence site, its principal yesterday telling Tribune Business it aimed to slash electricity costs by "50 per cent or more".

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