SMC - Presentation

1. 
St Mary’s Court
“The new commercial hub for the South West Coast”

2. Introduction
Who we are and what we
want to achieve.
• Principal purpose, development
of Residential Tourism products
across the Caribbean, with our
primary focus on the twin island
state of Antigua & Babruda.
• CEO Adam Barrett has been
involved in the development
and marketing of Caribbean
real estate for the last 10 years.
• Authorized CIP representative
and approved developer under
the Citizenship By Investment
Program.
• Strategic Partners – Global Bank
of Commerce and OBMI

3. The Location

4. The Site
Video – Fly Over

5. The Site

6. The Concept
• Develop a Commercial Hub for
the South West Coast
• Incorporate commercial space,
hotel / residential components.
• Stimulate the immediate local
community, Constituency of St
Mary’s South.
• Utilize the CIP to expedite
investment and development.
• Build a lasting, positive and
revenue generating center for
the constituency.

7. The Plans
Site Plan

8. Fly Through
Video

9. Inventory
What we are building
40 Commercial Units – 500 Sqft per
•Shops
•Restaurants
•Bars
•Office Space
10 Residential Units – 800 Sqft per
•Studio Apartments
•Apartments
80 Hotel Rooms – 650 to 800 Sqft per
•Single Rooms
•Suites

10. The Plans
Aerial View

11. The Plans
Aerial View

12. The Plans
Building One – Hotel Main Building

13. The Plans
Elevation Building One

14. 
The Project
“What the project will offer St Mary’s South and its visitors”

15. Amenities
What's included
•24 Hour Security
•Landscaping
•Laundry Facilities
•Off Street Parking
•Back Up Power
•Property Management

16. Shopping
Day to day services such as:
•Bank
•Pharmacy
•Dentist
•Optician
•Laundromat
Other Stores may include:
•Clothing Store
•Shoe Store
•Local Produce
•Specialty Stores
•Art Gallery
•Convenience Store
•Liquor Store

17. Entertainment
• A destination for tourists and
locals alike.
• LIVE entertainment featuring
local artists.
• Farmers Markets and Art Shows
to display the countries natural
ability.
• Restaurants and bars. Alfresco
Dining, making the most of the
outdoors.
• Wealthy travellers have more
deposable incomes to spend on
dinners and late night revealing.

18. • Incorporation of West Coast
Village and new alternatives.
• Variations in cuisine to appeal to
varying palettes.
• Chinese
• Indian
• Local Fare
• Steak House
• Wine Bar, Ice Cream and/or
Coffee Shops
• Nightlife to include Piano Bar,
Sports and late night spot.
Dinning

19. Hotel
The site is not located on a beach but is
within a three minute walk of Jolly
Beach and a three minute drive of 5
other stunning beaches.
This results in a strong location with a lower
land price point. This opens up a
unique opportunity for low cost hotel
brands that want to operate a hotel
property without a large initial cost.
With this in mind we have approached
three groups to assist in the
development of our hotel concept and
received responses from each.
 80 Rooms.
 Onsite Bar & Restaurant.
 Rate $175 to $220 USD.
 Spa & Pool
 Concierge
 Access to a strong
marketing department

21. The Demand
 There is a serve lack of commercial space.
and increasing demand for it on the West Coast.
 1,000 Hotel Rooms in a 5 mile radius.
A constant turnover of tourists looking to make the most out of their
Holiday which all rotates around beaches, shopping and
entertainment.
 Currently St Johns is the only option.
Most guests staying on the West Coast currently need to travel to St
John’s in order to shop either via taxi or hire car.
 There is wealth within the surrounding area.
No other area of Antigua has such an affluent local community with
above average disposable incomes.

22. 
Economic Impact
“What will this project mean for St Mary’s South”

23. Economic Impact
 Investment
Upwards of $19,000,0000 USD.
 Construction Jobs
70+ Jobs over a four year period.
 Economic Empowerment
40 New Businesses in the area
 Long Term Employment
Upwards of 150 individuals
 Long Term ABST Revenues
Hotel and store sales will deliver
long lasting returns to the
government.

24. 
Citizenship By Investment
“How CIP will ignite the local economy of St Mary’s South”

25. Citizenship By Investment
• CITIZENSHIP BY INVESTMENT (CIP)
The newly adopted Antigua and Barbuda Citizenship by Investment legislation*
allows foreign nationals to obtain citizenship through an investment in one of the
three categories:
• National Development Fund: $250,000 USD
• Real Estate: $400,000 USD
• Business Investment: $1,500,000 USD
• WHAT DO YOU GET AS A CITIZEN
Once a citizen you can travel to more than 130 countries visa free. This is
increasingly attractive to Chinese, Russian and Middle Eastern Clients that have
difficult in obtaining travel visas to visit Europe and North America.

26. WHO WANTS & WHY CIP?
Global citizenship is becoming an
increasingly popular tool for the world’s
ultra wealthy. There are many different
reasons why an ultra high net worth
(UHNW) individual might seek a second
citizenship including:
• Greater stability & security
• Tax efficiency
• Ease of travel
• Higher standard of living
• Children’s education
• Investment opportunities

27. ANTIGUA & BARBUDA
CITIZENSHIP BENEFITS
• Approval within 3 months of
submission of application
• Visa-free entry to more than 130
countries in the world
• NO Personal Income Tax on
Worldwide Income
• NO Estate, Death, Inheritance
or Capital Gains Tax.
• NO restriction on the
repatriation of profits and
imported capital.

28. CIP Demand
 China
 Russia
 Middle East
 Europe
Citizenship By Investment Program is new to Antigua but not
the Caribbean. St Kitt’s has been running their program since
1984. In recent years the real estate sector has exploded and
is continuing to grow.
However, Antigua is a far more desirable destination. It has a
low crime rate, improved infrastructure, a more developed
real estate market and a new citizenship program that has
been engineered to last.
Currently St Kitts has experienced a number of setbacks due
to poor due diligence and quality control that will result in
long lasting affects that will only increase Antigua’s appeal.
However despite this IN 2013 St Kitts generated in excess of
$470,000,000 in Citizenship By Investment revenue from more
than 1,400 applicants, according to the IMF.
TARGET MARKETS

29. Well Known CIP Clients
Gerard Depardieu
Depardieu’s desire to leave
France was in fact so he could
become a tax exile. The actor
found himself at the centre of
a debate over France’s
proposed ‘super tax’.
Eduardo Saverin
The cofounder of Facebook,
Saverin moved to Singapore.
Two years later, he became a
Singaporean citizen before
cashing in on his shares in
Facebook.
Tina Turner
The Tennessee native, has
surrendered her US passport
and become a Swiss Citizen.
one. Because of more
favorable taxation as
opposed to the US.

30. CIP and St Mary’s Court
We would look to place the
project into the Citizenship By
Investment Program. Both
the residential and hotel
rooms would be offered for
sale under the program
along with the commercial
units.
We have discussed this project
with a number of our partners
and the initial feedback has
been positive. Hotel Brand
association is also an
attractive aspect.
• HOTEL ROOM - $400,000 USD
Located within a branded hotel,
these rooms would be sold with
rental returns to the owner.
• RESIDENTIAL - $400,000 USD
Located above the commercial
area these units would be sold fully
furnished.
• COMMERCIAL - $400,000 USD
The commercial spaces would be
sold as single ownership and enrolled
In the economic empowerment
program. Giving local business
owners rent free spaces for 3 years
and the buyer a minimum
investment return.

31. As a way of stimulating the local
economy and immediately eliminating
the major overhead of establishing a
business we would make any CIP
commercial units sold available to
business owners or entrepreneurs within
the constituency on a rent free basis for
the first three years of operation.
All they would be required to do is pay
their own bills, shop installations and
adhere to opening guidelines.
By Selling commercial spaces through
the CIP we will be able to provide local
business owners and entrepreneurs the
following:
 Modern facilities
 Minimum of 500 sqft
 Prime location
 Property Management
 NO RENT for 3 years
CIP Economic
Empowerment