Tag: Bermuda real estate

Debate Over Grand Atlantic Property Continues

Debate Over Grand Atlantic Property Continues

The OBA “needs to come clean and tell Bermudians” if the Grand Atlantic property will be sold outright or leased, the financial arrangements and if any OBA affiliated individuals stand to benefit, Opposition MP Michael Weeks said. In response the OBA said the PLP “continues to fight this issue with overblown accusations that shift... Read more of this article

Grand Atlantic To Become All-Suite Condo Hotel

Grand Atlantic To Become All-Suite Condo Hotel

[Updated with video/statement/PLP response] The Grand Atlantic property will be taken over by MacLellan & Associates who plan to turn it into a condo hotel, Minister of Public Works Patricia Gordon-Pamplin announced today [Apr 16]. Speaking at a press conference held this morning, Minister Gordon-Pamplin said that Caribbean-based MacLellan &... Read more of this article

Weeks: ‘All The Danger Seems To Have Faded’

Weeks: ‘All The Danger Seems To Have Faded’

[Updated with OBA response] “The One Bermuda Alliance has once again been exposed misleading the people of Bermuda in regards to the Grand Atlantic project,” Opposition MP Michael Weeks said today. “The OBA put political gain over people, by misleading, and possibly deceiving Bermudians, away from purchasing units at Grand Atlantic,”... Read more of this article

Property Skipper To Expand To Barbados

Property Skipper To Expand To Barbados

Propertyskipper.com will be expanding to Barbados. The website, which launched in January 2013, has rapidly expanded over the last year and now advertises the listings of 22 agents in Bermuda. “Our platform in Bermuda has been a great success in its first year and we have consistently grown traffic and agent enquiries since our launch,” says Director... Read more of this article

House Approves Business/Real Estate Bill

House Approves Business/Real Estate Bill

Last night [Mar 21] in the House of Assembly, MPs approved a bill — by a vote of 19 – 15 — allowing companies to purchase certain real estate.  Prior to the Bill passing Government MPs spoke in favour of it, while various Opposition MPs expressed concern over the policy. The Companies Amendment Act 2014 will allow local and exempt... Read more of this article

Lister On Business/Homes: Overall A Wise Policy

Lister On Business/Homes: Overall A Wise Policy

“Overall I think this is a wise policy that is aimed at securing Bermuda’s relationship with international business,” Independent MP Terry Lister said about the recently tabled corporate landholding policy. Yesterday Education & Economic Development Minister Dr Grant Gibbons held a press conference to discuss the Companies Amendment... Read more of this article

New Bill: Companies & Residential Real Estate

New Bill: Companies & Residential Real Estate

[Updated with video] Education & Economic Development Minister Dr Grant Gibbons spoke today [Mar 17] about a recently tabled Bill which will allow for local and exempt companies to purchase specific residential properties. On March 7th, Dr. Gibbons introduced the Companies Amendment Act 2014 [PDF] in the House of Assembly,  and he said he anticipates... Read more of this article

Charlita Saltus Opens “Saltus Associates” Firm

Charlita Saltus Opens “Saltus Associates” Firm

Charlita Saltus has opened her own practice, Saltus Associates which will provide a full range of architectural services from building surveying, site analysis, schematic design, design development, construction documentation and construction administration services through to project completion and close-out. Ms Saltus said, “Today, I officially... Read more of this article

MPs Pass Motion To Overturn Waterfront Lease

MPs Pass Motion To Overturn Waterfront Lease

Parliamentarians passed a Bill that resulted in the overturning of the 262-year lease the Corporation of Hamilton signed with Allied Development Partners for the City of Hamilton waterfront area. The Municipalities Amendment Act 2014 passed on Friday [Mar 7] by a vote of 18 – 15, with all OBA MPs present voting in favour, while all PLP MPs present... Read more of this article

Bermuda Homes Could Be Promoted In Sweden

Bermuda Homes Could Be Promoted In Sweden

Luxury homes available to international purchasers in Bermuda could soon be promoted in alternative markets such as Sweden through new initiatives being explored by one of the island’s leading realtors. Michael Valdes, Sotheby’s International Realty Managing Director, International Servicing for Latin America, Caribbean and Bermuda region,... Read more of this article


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