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Name: Isle Aurore Nouvelle
Use: Private island development with marina, golf estate, casino, villas, and hotel
Floors: ?
Status: Planned
Location: Private island connected to Mahe by causeway in the Seychelles

SA company scoops R9.2-billion golf course island dream deal

The Property Magazine

June 29, 2007

Cape Town-based property development company Pinnacle Point Holdings Pty Ltd (PPH) is to build the world’s most exclusive golf and casino complex on an island that will rise from the Indian Ocean. This project, to begin in February 2008 - with a value of R9.2 billion - will be the largest investment in the Seychelles leisure industry.

Winning the tender from the Seychelles Government against tough international competition, PPH will reclaim approximately 60ha from the sea increasing the existing island close to the main island of Mahe, to accommodate the development.

The project is expected to be completed within four years.

Says Ivor Stratford, PPH chairman ‘Isle Aurore Nouvelle (Dawn of a New Island) will be a global landmark in paradise. Built on a secluded, tropical island with white beaches, swaying palms and a crystal-clear turquoise sea, we are selling a dream - a vision of a golfing water sport and diving paradise - in reality a piece of heaven on water.’

The resort will be linked to Mahe via a palm-lined causeway and golf carts will be the only means of transport on the island with strict environmental controls ensuring preservation of an exquisite tropical island feel.

The tender success follows this year’s international acclaim for the company’s flagship development, Pinnacle Point Beach and Golf Resort on the rugged cliffs of Mossel Bay in the Western Cape. The course was voted one of the top 10 new golf courses in the world by Travel+Leisure GOLF magazine USA; the only course outside North America to receive such recognition. The same course design team will ensure Isle Aurore Nouvelle should equal or even exceed that standard.

Ivorr believes the diverse developments complement each other, but marketing will eye Europe, the USA, the Middle East and Asia.

Plans for only 144 luxurious villas, 90 condominiums, a casino, waterfront marina and a five-star hotel ensures the resort will be low density and exclusively designed to attract the discerning international purchaser to an exclusive and desirable address. Moreover, foreign buyers will also be afforded residency by the Seychellois government.

Overseeing architectural design and development is Pinnacle Point’s Lance Kinnear, designer of a number of Sun International hotels, resorts and casinos and later the Gold Reef Casinos, which were also Stratford projects.

Kinnear says the Isle Aurore Nouvelle project will employ South African and where possible Seychellois consultants and contractors to, ‘Improve the diversity of construction skills and materials in the Seychelles.’

The contracting parties expect final details of the development to be in place by mid-July and the developer is anticipating the commencement of construction in February 2008.

This is a coup for PPH’s BEE consortium headed by deputy chairman Lazarus Zim, who recently acquired a 26% stake in the company. The BEE deal positioned the national property group as one of the industry’s leading black economic empowerment companies.

Pinnacle Point Holdings was introduced to the project by Marie May Kolsch, the Consul General for the Republic of Seychelles in South Africa.
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