Aim To Market Daniel’s Head To Developers

February 28, 2018 | 19 Comments

The Bermuda Land Development Company Limited [BLDC] has engaged KPMG Advisory to “complement efforts to market the Daniel’s Head site to potential developers.”

“We are delighted to have access to KPMG’s professionals,” said Francis Mussenden, BLDC’s Chief Executive Officer. “This engagement is part of our work to position BLDC as a facilitator of land development opportunities that will yield significant benefits for Bermuda and its residents.”

KPMG’s work will comprise several phases, beginning with an initial assessment of market appetite, and the BLDC said the firm “will also develop a compelling business case, analyze proposals and support BLDC in finalizing lease terms.”

Daniel's Head Bermuda Feb 28 2018 (1)

“Daniel’s Head is a significant asset for BLDC and Bermuda,” said Stephen Woodward, Managing Director and Sector Lead, KPMG Enterprise.

“We look forward to helping BLDC attract a global developer, with a successful track record in the hotel and leisure industry, in order to optimize the value of the property.”

KPMG will work alongside BLDC Property Development and Marketing Manager Michele Renda, who joined the organization in 2017 to spearhead work on Daniel’s Head, Tudor Hill, and Southside.

“Ms. Renda has been a valuable asset to our team,” said Mr. Mussenden. “Her experience in marketing, civil construction, and real estate development—and as an accomplished entrepreneur—ensures we have significant insight into the targeting and selection of viable developers.”

Daniel's Head Bermuda Feb 28 2018 (2)

“We have received a great deal of interest in Daniel’s Head since taking possession last year,” said Ms. Renda, who has led a number of private tours for hotel operators, investors and developers in recent months.

“In particular, a great deal of interest was expressed during the Caribbean Hotel Investment Conference and Operations conference in November 2017, when every major player from the regional hotel industry was in Bermuda.”

BLDC indicates the site “will be open to the public again for the 2018 summer season.”

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Comments (19)

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  1. Politricks says:

    Need to do something about the stench of the farm next door first. No tourist wants to fork out their money to go to sleep and wake up to cow manure stench.

  2. dsd says:

    The entire site should be a public park.

  3. somuchless says:

    The daniels head area stinks… pee u

  4. Triangle Drifter says:

    Nothing will happen until that stinking neighbouring dairy farm goes. The smell is stomach turning. With the right wind direction it can be detected as far as Watford Bridge. The Daniels Head property itself is absolute prime land for another development similar to Cambridge Beaches.

    • There is a cow farm in Smiths/Devonshire and there are Million $$$ houses surrounding it.
      Just saying.

      • Sickofantz says:

        Yeah and I think you need to reduce one of those $ and if it keeps on smelling reduce another one.

    • Wayne Cash says:

      Bermuda needs a farm way worse than more housing for non-residents. Follow the money! Which would be more beneficial to the people of Bermuda in time of emergency a farm or a rental property. Outsiders and non-residents should have no say in the very limited land mass that is the island of Bermuda. Think of the future of your island and make better use of the land already developed.

  5. hmmm says:

    No luxury hotel will be successful here when there is a fowl smelling cow farm next door

  6. Why does the Bermuda Govt continue to be landlords (?landladies, landpersons?)? Sell off all its holdings that are not directly occupied by Govt entities, disband the BLDC, and BHC, for that matter, and put that money into paying down the debt (yes, I mean the principal!)

    • Unbelievable says:

      Exactly. Just sell that land in lots for goodness sake’s. We should know now that it’s pretty much a sunk cost.

      Sell it!

  7. Kim S says:

    I would like to challenge us as a country to seek out options to simply cover the land with concrete and to build houses/fractional share units for sale to non-Bermudians. Creative designs on a smaller scale where the tremendous setting is embraced as the most important feature would be welcome.

  8. Rocky5 says:

    WTF DO a bunch of Accountants know about Bermuda Real Estate??? The only people who will ever make any money here will be KPMG!!

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