real estate development - Seychelles Investment Forum

REAL ESTATE DEVELOPMENT
“BUILDING FOR THE FUTURE”
CONTENT
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Relevant Laws and Policies
Procedures for Land Allocation
Potential Investment Sites – State Owned
Outer Islands
RELEVANT LAWS AND POLICIES
• State Land and Rivers Act:
Main act governing sale and lease of state
land
• Immovable Property Transfer Restriction Act
(IPTR) :
Governs sale of land and interest in land to
Non-Seychellois
• Seychelles Investment Board Act:
Guides Investment in Seychelles
RELEVANT LAWS AND POLICIES (CONT…D)
• Town & Country Planning Act:
Presently being revised and it is the legislation
governing the Development of Physical Development
• Environment Protection Act:
An important tool given that Seychelles is quite
strong on environment conservation
• Villa Policy:
Introduced in 2007 for the development of
residential villa projects within a Tourism
development.
RELEVANT LAWS AND POLICIES (CONT…D)
• Land Use plans:
This guides all developments and also
provides information on any protected areas
or areas of outstanding beauty
• 50m Contour Policy:
This policy restricts development above the 50m
contour line on Praslin and La Digue island
respectively
Procedures for Land Allocation
• State Land allocation for investment projects
are effected on Leasehold only
• All State land of a size above 20000 m² has to
be publicly tendered
• Tender documents are prepared in
collaboration with SIB and other partners
• Lease terms vary between 5 to 99 years
depending on the site, project and level of
investment
Procedures for Land Allocation
(Cont....d)
• Depending on level of investments, GOS could
enter into a MOU with the potential investor
which sets out where applicable, issues such
as responsibility of the parties vis a vis –
infrastructure development, corporate social
responsibility, environmental considerations
etc...
• Any sale or lease of land to non-Seychellois
requires GOS sanctions as per the IPTR....
Procedures for Land Allocation
(Cont....d)
• Any construction or development works will
require the approval of the Planning Authority
• Likewise major developments will require
Environmental Impact Assessments given our
concern with environment protection
POTENTIAL INVESTMENT SITES
(STATE OWNED)
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Victoria Waterfront – La Promenade
Aurore Island
Ile Soleil
Eve Island
Ile Du Port
Ile De Romainville
POTENTIAL SITES (CONT...D)
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Ile Perseverance commercial sites
Ile Perseverance Condominium project
Bel Ombre Fisheries Development project
Grand Anse plateau Agricultural sites
Hydroponics Barbarons Site
Coetivy
Poivre
ICCS
VICTORIA WATERFRONT – LA PROMENADE
ILE AURORE
ILE SOLEIL
EVE ISLAND
ILE DU PORT
• LOCATION: North of
Victoria
• LAND AREA: 52 Ha
• TYPE: Reclaimed
• Accessibility: Motor able
• PROPOSED DEVELOPMENT:
Mixed Commercial,
Governmental, Financial,
Port & Fisheries
• PROMOTERS: Local or
foreign with partnership
ILE DE
ROMAINVILLE
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LOCATION: East of Mahe
LAND AREA: 18 Ha
TYPE: Reclaimed
PROPOSED
DEVELOPMENT:
Renewable energy
• PROMOTERS : Mixed
Local and Foreign
ILE PERSEVERANCE
Land Use Classification of Industrial Land at
Perseverance: in total 32 plots; varying in size
between 500 sq.m at approx. 900 sq.m
Parcel 1, 10, 60: Warehouse, Building Contractor,
Hardware, Storage Facilities
Parcels 2-4: Building Contractors, Steel Works,
Hardware
Parcels 5-9: Maritime Industries, Ship building and
repair, Ship cleaning, Marine Mechanics, Boat
Charters etc.
Parcels 11-16: Specialised Workshops (Carpenters,
Toilet Paper Making, Upholstery, Repair workshops,
Recycling)
Parcel 61: Micro-Enterprise Building (small
workshops to be rented for tailoring, upholstery,
artisanal works, etc.)
Parcels 62-67: Food Processing, Catering Services,
Cold Stores
Parcels 68-69: Car Hire
Parcels 70-71: Showrooms
Parcels 72-75: Garages, Mechanical Workshops, Oil
Recycling
ILE PERSEVERANCE
COMMERCIAL SITE
• LOCATION: North East of
Mahe
• LAND AREA: 92 Ha
• TYPE: Reclaimed
• ACCESSIBILITY: Motor able
• PROPOSED
DEVELOPMENT:
Comercial/Tourism/Entern
tainment/Residential/Indu
strial
• PROMOTERS: Local or
Foreign + Partnerships
C
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Fourth Quarter
2011
C
C
ILE
PERSEVERANCE
CONDOMINIUM
PROJECT
• LOCATION: North of Ile
Perseverance
• LAND AREA: 3 Ha
• TYPE: Reclaimed
• ACCESSIBILITY: Motor
able
• PROPOSED
DEVELOPMENT:
Condomium appartment
• PROMOTERS: Either
Local or Foreign
BEL OMBRE FISHERIES
DEVELOPMENT PROJECT
• LOCATION: North west
of Mahe
• LAND AREA: 1.4 Ha
• TYPE: Reclaimed
• ACCESSIBILITY: Motor
able
• PROPOSED
DEVELOPMENT:
Commercial/Fishing
related
activities/Tourism
• PROMOTERS: Local
and Foreign partnership
GRAND ANSE PLATEAU AGRICULTURAL SITE
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LOCATION: West of Mahe
LAND AREA: 23 Ha
TYPE: Reclaimed
ACCESSIBILITY: Motor able
PROPOSED DEVELOPMENT:
Agriculture
• PROMOTERS: Local and Foreign
Partnership
Barbarons
HYDROPONICS BARBARONS SITE
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LOCATION: West of Mahe
LAND AREA: 6.5 Ha
TYPE: Reclaimed
ACCESSIBILITY: Motor able
PROPOSED DEVELOPMENT:
Agriculture
PROMOTERS: Local and
Foreign Partnership
 All Outer Islands are coralline, low lying and between 125 kms and 1150 kms from Mahe, the main Island.
 Islands under IDC Management:
 Silhouette Island (Inner Island) - 20 km from Mahe
 Platte Island - 130 km from Mahe
 Coetivy Island – 300 km from Mahe
 Desroches Island - 220 km from Mahe
 Remire Island - 230 km from Mahe
 Poivre Atoll – 250 km from Mahe
 Marie Louise Island - 280 km from Mahe
 Desnoeufs Island - 290 km from Mahe
 Alphonse & St Francois Atoll - 400 km from Mahe
 Providence Atoll - 630 km from Mahe
 Farquhar Atoll - 750 km from Mahe
 Cosmoledo Atoll – 1,000 km from Mahe
 Astove Island – 1,000 km from Mahe
 Assumption Island – 1,150 km from Mahe
 The primary potential lies in tourism development with known success stories such as:
 Desroches Hotel – Collins Group
 Alphonse Hotel – Great Plains/National Geographic Society
 Silhouette Hotel – Universal Group
 Platte Hotel – French – Under Construction
 Sites yet to be developed for tourism with a potential to build private villas:
 Poivre Island +/- 30 Hotel Keys + Private Residential Villas
 Providence Island +/- 50 Hotel Keys + Private Residential Villas
 Coetivy Island +/- 250 Hotel Keys + Private Residential Villas
 Cosmoledo Island +/- 20 Hotel Keys
 Astove Island +/- 20 Hotel Keys
 Assumption Island +/- 20 Hotel Keys (For Aldabra)
 Farquhar Island +/- 30 Hotel Keys + Private Residential Villas
 IDC has a policy of “one hotel one island” on most of its Islands.
OUTER ISLANDS
COETIVY
• As per outer island
development plan
• Proposed developments are
mixed tourism, fisheries,
agriculture, villa
developments + conservation
OUTER ISLANDS
POIVRE
Map showing Poivre Island
with area in hectares and
square metre for both the
North and South
islands
INTERNATIONAL CONFERENCE
CENTRE SEYCHELLES (ICCS)
• LOCATION: Victoria
(Mahe)
• LAND AREA: 1.36 Ha
• TYPE: Main land
• ACCESSIBILITY: Motor
able
• PROPOSED
DEVELOPMENT:
Business with
international
conference facilities
• PROMOTERS: Local
and Foreign partnership
INTERNATIONAL CONFERENCE
CENTRE SEYCHELLES (ICCS)