The Pearl Marina Development Entebbe, Uganda April 2013 General
Mar 29, 2015
The Pearl Marina DevelopmentEntebbe, Uganda
April 2013
General
Pearl Marina
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Pearl Marina development, a 300 acre prime property on the Garuga Peninsula, is owned by Pearl Marina Estates Limited, a member of Centum Investment Group www.centum.co.ke
The property will be developed as a premium integrated water front destination and resort town and a premier Uganda tourism asset.
Through trade, investment and the creation of thousands of employment opportunities in construction, real estate and tourism, the development will make a significant contribution to socio–economic development in the region
The development provides premium tourism and residential facilities including hotels, conference facilities, luxury apartments, villas, a golf course, marinas, hospital, international school, modern office park and a retail centre
The development is scheduled to break ground in Q2-2014
Centum
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Project BackingCentum Investment Company Limited is the largest listed private equity company in Eastern Africa
VisionTo be Africa’s foremost investment channel
Assets Under ManagementOver USD 250 million
Credit RatingLong term rating A-(KE)*
Business LinesPrivate Equity, Quoted Private Equity and Real Estate & Infrastructure
Portfolio CompaniesThese include blue chip companies such as Coca Cola bottling companies, UAP Group, Aon, NAS Servair, Kenya Wine Agencies and General Motors East Africa.
*Global Credit Rating Co - www.centum.co.ke
Pearl Marina Vision
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• Pearl Marina, a premium integrated world-class waterfront destination address, recognized as the number one tourism destination in East Africa and beyond will:
• Attract a diverse group of visitors and residents
• Optimize spend in the commercial and leisure developments
• Serve the needs of a diverse group of people
• Optimize and build value from the unique Island-lake setting by creating a modern lifestyle
Ugandan
Investors
Diaspora
Expatriates
Master Plan
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• The development will integrate:hotels, conference facilities, residential apartments, villas, golf course, marina, hospital, international school, modern office park and a retail centre
• The total built up area is 650,000 M² when completed
Location
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• Connected to Entebbe-Kampala via Garuga road
• Close proximity to Entebbe airport
• 10 km East of Entebbe and 20 km to Kampala
• Set on partially developed peninsula that has shoreline on Lake Victoria
• Linked to both Kampala and Entebbe by Lake Victoria
Project Status
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Completed
Significant Progress
Milestones
Land acquisition
Market research
Transport Impact Assessment
Master plan Approval by Wakiso Council
Engineering Feasibility reports
NEMA Approval
Water Abstraction permit
Ground breaking in Q2 2014
Social-Economic Benefits
The development will create numerous opportunities for investments in:
Social facilities (school and hospitals) Hotel, marina, golf course and promoting Uganda as a tourism destination
Create numerous employment opportunities in real estate and tourism related activities.
Promote fishing by setting up a fish market as part of phase 1 development
Promote tourism and increase tourist spend
Increase foreign direct investment
Increase supply of housing units and infrastructure development
The development represents an investment of US$99,531,004 in phase One and US$ 901,691,117 when complete, with significant positive impact to Uganda’s GDP
Marina Concept
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The marina will offer:
1. Ferry terminal2. Water sports3. Boat services
Market Research
“The distinctive attraction of Uganda as a tourist destination arises out of the variety of its game stock and its unspoilt scenic beauty, substantial natural resources for tourism”
(Fernridge Consultants,2012)
Beach Concept
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The beach will comprise:
• Private beach• Public beach
Hotel resort Concept
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The hotel will offer:
• Conference facilities• Accommodation
Market Research
A good level of occupancy of between 60% to 70% was recorded at most of the prominent hotels and resorts.
“We are of the opinion that conference facilities should be included in Pearl Marina development”
(Fernridge Consultants, 2012)
Golf Course Concept
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• A unique world class 9 hole golf course designed by Golf Data
Market Research
“The entire development will act as a regional destination and the proposed golf course will generate synergy for the other uses”
( Fernridge Consultants,2012)
Luxury Apartment Concept
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The apartments will offer:
• Breath taking sceneries overlooking the golf course
The Development Team
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Pearl Marina Estates Limited
Developer
Athena Properties LtdDevelopment & Project
Managers
GAPPUrban Planners
YMRQuantity Surveyors
New Plan MEP Engineers
BOGGERTMAN Architects
FERNRIDGE Market Consultants
WSPEngineers
5th Dimension Architects
Centum Investment Company Ltd.International House,5th Flr. Mama Ngina St.PO Box 10518-00100Nairobi, Kenya
Tel +254 20 316303Mobile +254 722 205339Fax +254 20 223223Email [email protected]