Castlewood Group brings the world renowned Nikki Beach brand to six markets in Asia

Castlewood Group brings the world renowned Nikki Beach brand to six markets in Asia

Nikki Beach Hotel and Spa, Phuket to Open in 2013

May 2, 2012, Singapore

Commercial Real Estate Developer, The Castlewood Group Singapore, announced today they are expanding the world-renowned lifestyle brand, Nikki Beach, in Asia, commencing with a Hotel, Spa and Beach Club in Phuket in 2013. Nikki Beach which has already seen massive success with its Koh Samui Beach club which opened 2009, plans to operate and expand its brand with Castlewood Group in Singapore, Koh Samui (hotel property), Bali, Langkawi and Hai Nan – potential investors will have the opportunity to own a slice of one of the hottest and exclusive properties which attracts celebrities and trendsetters alike.

Nikki Beach Hotel & SpaIn 1998, Nikki Beach introduced the world to the ultimate beach club concept bringing together dining, fashion, art, music and entertainment and was quoted by the London Observer as the Sexiest Place on Earth.Over a decade later, the Nikki Beach concept has transcended its international venues and grown into a global luxury lifestyle brand – Nikki Beach Lifestyle which comprises of a clothing line, global events such as the famed Cannes and Toronto Film Festivals and the upcoming London Olympic Games, plus a Nikki Beach music label, VIP membership and concierge program as well as a hotel and resort division.

The Nikki Beach way of life can now be experienced in twelve cities, in nine different countries: Miami Beach, Florida, USA; St. Tropez, France; St. Barth, French West Indies; Marbella, Spain; Cabo San Lucas, Mexico; Marrakech, Morocco; Koh Samui, Thailand; Mallorca, Spain and also at the Cannes Film Festival, France; the Toronto International Film Festival, Canada; and this year at the 2012 Olympics in London

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Founder Jack Penrod is so respected in the industry that the State of Florida, Miami Dade County and the City of Miami Beach honored him with the phenomenal success of Nikki Beach and his contribution to the transformation of the infamous South Beach Miami over the past 25 years by declaring Tuesday, April 17, 2012 Jack Penrod Day.

Castlewood Group CEO Chris Comer said,

We are delighted to contribute to the expansion of this hugely exciting and successful brand in Asia and offer our investors the chance to become part of the Nikki Beach lifestyle. The Nikki Beach Club plus The Nikki Beach Hotel and Spa in Bang Tao, Phuket will be our first offering to the market and will comprise a 5 star hotel with 151 luxurious suites and a mix of 23 sky villas and exclusive villas all with private pools and gardens. In addition there is a 45 m free form swimming pool, roof top infinity pool with bar and lounge overlooking an external yoga area. Combined with the glamour of the Nikki Beach Club this will be the place to be seen in Phuket.

Castlewood Group has seen a strong interest across Asia to purchase commercial real estate. Investors can buy into the Nikki Beach Hotel and Spa, Phuket starting from S$60,280 and can select fixed returns with a 5% guaranteed returns for 8 years or variable returns which have the potential to achieve up to 30% per annum. The investment offers an early exit in 2016 and a full term managed exit in 2020. The investment has no stamp duty and is HDB friendly.

The investor is fully insured for the full amount of each individual purchase. This insures the title of the land and the subsequent value of the property and the business built upon it by First American Title Insurance, itself a fortune 500 company and one of the worlds largest underwriters. Also added to the insurance and in an effort to provide the safest buying 3 environment possible, Castlewood Group has placed the development and its assets in a fully secured third party trust based in Singapore and managed by Intercontinental Trust an independent member of Baker Tilly, the 8th largest provider of accountancy and business services in the world. This trust deed will remain in place until the hotel exit which is planned for December 2020.

Weve gone the extra mile to make this an attractive and safe investment. This financial assurance combined with the exciting lifestyle experience with Nikki Beach has prompted a great deal of interest and we look forward to achieving our goals to launch Nikki Beach properties in Singapore, Koh Samui, Bali, Langkawi and Hai Nan, Chris Comer added.

Plans for the Nikki Beach hotel and Spa, Phuket have been warmly received. At the recent Asia Pacific Hotels Awards sponsored by RICS ( Royal Institute of Chartered Surveyors,) and HSBC held on April 27, 2012 Nikki Beach Hotel and Spa Phuket won an award for New Hotel Design and Construction Thailand 2012 & 2013.

Nikki BeachWe are thrilled to be collaborating with the Castlewood Group as they have a rich pedigree in selling, managing and marketing outstanding properties worldwide. Our first property in Asia was the Koh Samui Beach club which is proving to be a great success. We cant wait to expand the excitement of Nikki Beach in Asia as we know we have many fans and followers of the brand and our choice of partner is absolutely critical to making this an outstanding experience for everyone,said Founder and President of Nikki Beach, Jack Penrod.

About Castlewood Group

www.castlewoodgroup.com

Castlewood was first established in 2006 as Castlewood International Dubai. In Dubai, Castlewood provided a new product and service that was new to both Dubai and United Arab Emirates (UAE) market the company sourced and acquired plots of land in desirable locations, then project designed concepts with a team of architects and collectively marketed the project in its entirety to large-scale real-estate developers.

In 2008, the company moved to Singapore and set up the Castlewood Investment Properties Pte Ltd, a division of Castlewood International. Utilising Singapore as a global hub for the companys real estate development sales and marketing function, Castlewood grew its marketing base to cover China and the Middle East with future plans to expand in markets such as India, Taiwan, Russia and all the former Soviet Union countries. In 2010, Castlewood Group Pte Ltd was formed with a number of companies that fall under this umbrella.

Castlewood Groups mission is to bring affordable Commercial Real Estate Investments to the masses. This is been achieved by developing hotels and setting up investment opportunities in hotel rooms which cater for both small and large scale investors The concept of hotel room investment has been around for many years and has been undertaken by business leaders such as Donald Trump and brands such as Ritz Carlton & Radisson. The key to its success is transparent and verifiable future growth at the destination in which the hotel is to be built along with a clear and proven demand within the 5 star luxury key markets at the location. .

Castlewood Group is ensuring investors see maximum returns by engaging a high end luxury brand to manage hotel properties which will assist the hotel achieving both maximum room rates and occupancy levels. In 2012, a partnership was formed between Castlewood Group and Nikki Beach seeing Nikki Beach set to manage the groups properties. Nikki Beach brings with them a loyal and high end clientele synonymous with a jet setting lifestyle and all things high end. Works on the Nikki Beach Hotel and Spa Phuket commenced in 2012 with opening scheduled for 2013.

In the coming years Castlewood Group plans to open properties in Singapore, Koh Samui, Bali, Langkawi and Hai Nan all of which will be manage by Nikki Beach.

 

About Nikki Beach

In 1998, Nikki Beach introduced the world to the ultimate beach club concept bringing together dining, fashion, art, music and entertainment. Quoted by the London Observer as the Sexiest Place on Earth, over a decade later, Nikki Beach continues to make its mark in the worlds hottest addresses and trendsetting locales, recently claiming the #1 spot in Travel Channels Worlds Sexiest Beach Bars. The Nikki Beach concept has transcended its international venues and grown into a luxury global lifestyle company: Nikki Beach Lifestyle, launched at the Cannes Film Festival in 2009 with a clothing line; Marketing and Public Relations Divisions; Global Sponsorships and Special Events; Nikki Beach Music label; a VIP membership card and concierge program; and a Hotel and Resorts Division.

Nikki Beach lifestyle can now be experienced in twelve cities, in nine different countries with more locations to come in the near future: Miami Beach, Florida, USA; St. Tropez, France; St. Barth, French West Indies; Marbella, Spain; Cabo San Lucas, Mexico; Marrakech, Morocco; Koh Samui, Thailand; Mallorca, Spain; and also at the Cannes Film Festival, France; the Toronto International Film Festival, Canada; and this year at the 2012 Olympics in London. For more information on Nikki Beach, please visit www.nikkibeach.com.

 

For further information please contact:

Kristy Peters

k.peters@castlewoodgroup.com

63030888

Visit  www.castlewoodgroup.com for more information

Marina Bay Financial Centre takes gold in MIPIM Asia Awards

MIPIM Asia announced the winners for its 5th Awards competition, recognizing outstanding real estate projects in the Asia Pacific region. Delegates were called on to rank 29 winning Awards projects into gold, silver or bronze. The winners were divulged at a gala dinner on Wednesday November 16 at the Hong Kong Convention and Exhibition Centre.

A notable mention goes to Marina Bay Financial Centre (which includes Marina Bay Residences) for clinching the Gold in Best Mixed-Use Buildings and the MIPIM Asia Participants’ Choice Award. Another Gold was awarded to Belle Vue Residences in Best Residential Developments. Helios Residences won the Bronze in the same category.

Marina Bay Financial Centre. Image by Raffles Quay Asset Management Pte Ltd.

Best Mixed-Use Buildings

GOLD – Marina Bay Financial Centre
Singapore
Raffles Quay Asset Management Pte Ltd
Developers: Cheung Kong (Holdings), Hong Kong Land, Keppel Land Limited
Architect: Kohn Pederson Fox Associates

 

 

SILVER – Shanghai International Cruise Terminal
Shanghai, China
Sparch
Developer: Shanghai Port International Cruise Terminal Development Co., Ltd
Local Architect: Shanghai Institute of Architecture Design Research (SIADR)

BRONZE – Novena Lifestyle & Medical Hub
Singapore
Far East Organization
Developers: Transurban Properties Pte Ltd and Novena Point Pte Ltd
Architect: DP Architects Pte Ltd

Best Residential Developments

Belle Vue Residences

GOLD – Belle Vue Residences
Singapore
Wing Tai Land Pte Ltd (on behalf of Winquest Investment Pte Ltd)
Architect: P&T Consultants Pte Ltd
Design Architect: Toyo Ito & Associates, Architects

SILVER – Saigon South Master Plan
Ho Chi Minh City, Vietnam
Skidmore, Owings & Merrill LLP
Developer: Phu My Hung Corporation
Architects: Skidmore, Owings and Merrill LLP, Korn Architects, SPCC, NQH Architects, KYTA, RTA Associates, SURV

Helios Residences by Wing Tai Holdings Limited.

BRONZE – Helios Residences
Singapore
Wing Tai Land Pte Ltd (on behalf of Winquest Investment Pte Ltd)
Architect: P&T Consultants Pte Ltd
Associate Architect: Guida Moseley Brown Architects

Best Green Buildings

GOLD – SuzIon One Earth
Pune, India
Synefra E&C Ltd
Developer: Vascon Engineers
Architect: Christopher Charles Benninger Architects Pvt. Ltd

SILVER – Khoo Teck Puat Hospital
Singapore
CPG Consultants in collaboration with RMJM

BRONZE – United World College of South East Asia (East Campus)
Singapore
JTC Corporation
Architect: P&T Consultants Pte Ltd

Best Futura Projects

GOLD – CX 2-1
Singapore
Aedas Limited
Developer: Lucas Real Estate
Architect: Anrew Bromberg of Aedas

SILVER – CleanTech Park
Singapore
JTC Corporation

MIPIM Asia Participants’ Choice Award

Marina Bay Financial Centre
Singapore
Raffles Quay Asset Management Pte Ltd
Developers: Cheung Kong (Holdings), Hong Kong Land, Keppel Land Limited
Architect: Kohn Pederson Fox Associates

For the full list of award winners of the 2011 MIPIM Asia Awards, click here.

Founded in 1963, Reed MIDEM is the organizer of MIPIM Asia Awards. Its jury, which selected the 2011 winners, is composed of an international panel of top property experts and chaired by Dr. Ngee Huat Seek, Board Director of the Government of Singapore Investment Corporation (GIC) Real Estate, Singapore.

 

iProperty Group launches CommercialAsia.com

Spearheaded by the iProperty Group, CommercialAsia.com will have over 150,000 listings and value-added services, including researches, reports and access to property experts

Shaun Di Gregorio at launch of CommercialAsia.com

Region-wide cooling measures by the government on the residential property sector and the rising yield in the commercial sector has prompted the launch of CommercialAsia.com, the region’s first comprehensive website dedicated to commercial and industrial properties across Asia-Pacific. The new website has the largest database of commercial and industrial property listings in the region with over 150,000 current listings, a figure expected to grow to over 500,000 by the end of 2012.

The growth potential of the commercial and industrial sector is expected to be in the range of 5% to 10% for 2012. More investors are looking into commercial and industrial property due to the lower cost and the higher return on investment and they may make 4% to 8% yields renting their premises.  If an investor were to have invested in one light industrial cum office building 4 to 5 years ago, the investor will see a yield of 18% to 23% return.[i]

Spearheaded by The iProperty group, currently Asia’s leading online property portal, which reaches out to 3.5million unique visitors and 25,000 real estate agents per month, the launch of CommerialAsia.com is timed in anticipation of the market trend. The Group, famed for its innovation, has also achieved number one status in Malaysia, Singapore, Hong Kong and Indonesia. The company analysed property searches and data from Singapore, Hong Kong, Malaysia and Indonesia over the last year to ascertain the level of interest in the commercial and industrial property industry.

Shaun Di Gregorio, CEO of The iProperty Group, said: “The iProperty Group’s data across Malaysia, Singapore, Hong Kong and Indonesia between 2010 and 2011 shows an upward trend in searches for commercial property. With the government introducing cooling measures across Asia-Pacific and the fear of possible recession in USA and Europe and assumption of that impacting Asia-Pacific, the residential sector is softening as investors adopt a ‘wait-and-see approach’. On the other hand, in the commercial and industrial sector, which is rarely governed by restrictive policies and has seen high yields maintained, there has been a steady gain in interest. The office sector is hot. There is shift in individual investors from residential to commercial and this number will increase. In India for example, the office yields are at 11% and the retail yields are at 13%. It makes the commercial and industrial sector especially exciting right now!”

CommercialAsia.com will help business owners and business managers make informed decisions more efficiently by providing them with an easy and convenient platform to locate business spaces across Asia-Pacific and by providing vital research and reports. It is the only website that provides a comprehensive list of office, industrial and retail properties across multiple sub-categories and countries. It also features special functions such as a currency converter and a robust search engine.

Following the launch of CommerialAsia.com, customers can continue to look forward to innovations and developments including translation services, a wealth of information on current trends and research, a directory of property agents and owners, pricing trends as well as a dedicated trade forum to reach out to property experts. A series of upcoming advancements in the portal will provide the commercial and industrial industry with the best tool to promote their properties across Asia-Pacific and will ensure that consumers benefit from the best search experience.

These enhanced services will be made possible by strategic partnerships with leading names in the sector, including LJ Hooker, Ray International Real Estate Group, Centaline Commercial, PropNex, Orange Tee, PropertyBank.

Mr Raymond Chow, CEO of Ray International Real Estate Group, said, “When arranging a partnership it is important to share a vision. The iProperty Group is not just in Singapore, it is global and as we all know, the commercial segment is in every country and is needed by everyone to run their business. To have a platform called ‘CommercialAsia’ shows that it is not just for Singapore but for Asia!”

Mr Di Gregorio said, “Given the growth in the industry, there is really a need for a single platform for the commercial and industrial property sector where potential investors can search for property, but also be able to make sense of trends and property news across Asia-Pacific. Being able to find everything they need in one place will certainly help them make more informed decisions.”

CommercialAsia.com is run by the The iProperty Group, Asia’s No.1 property group. For more information, visit www.commercialasia.com.


[i] Source: Ray International

Singapore and China Push Asia’s Office Rents Up

The Asia Pacific economy continues to boom and shows no signs of slowing down. As companies flock to the ‘it’ region, Asia’s property industry, or more specifically the office space sector, flourishes. Office rental rates have been climbing up steadily, and are set to remain on the rise for a while.

However, according to data from CB Richard Ellis, Singapore’s growth for the first quarter of 2011 was 3.0% – a slight slowdown when compared to the fourth quarter of 2010, which recorded a 3.6% growth. The rate of rental growth, while positive, declined from 12.2% to 3.6% this quarter.


(Singapore’s Central Business District. Image courtesy of Singapore Tourism Board and Singapore in Pixels Photo Contest.)

Could Asia be losing its steam?
It seems unlikely, as the slowdown of rental growth can be pegged to a couple of factors.

First, the previous quarter’s higher growth could be attributed to occupants snatching up spaces in 2010’s office market revival. This double-edged sword means occupants are now ‘digesting’ the space they have taken up, filling up the office spaces and putting a pause on extra renting. Further pressure comes from cost-cutting mindsets that firms have developed in the aftermath of the Global Financial Crisis.

The second factor in the relatively recent downward trend of commercial real estate rental was the earthquake and tsunami that hit East Japan. Relocation plans have been put on hold as the Land of the Rising Sun sees a quarterly drop of 1.6% in office rents. It is safe to say that residual impacts will continue emerging in months to come.

Despite the overall slump of the Asian office market, three countries seem to be maintaining popularity: China, India and Singapore. China, for instance, single-handedly spearheaded Asia’s growth for the first quarter of 2011. It was responsible for more than half the new demand in the Asia Pacific region. Limited office space in the cities of Beijing, Taipei and Hong Kong mean that office rents will continue to increase.

Such is also the case in Singapore, where limited supply faces increasing demand for offices from the likes of United Overseas Bank, RHB Islamic Bank, CIMB, BNP Paribas and other companies seeking to expand their operations here. Other highly sought-after destinations in Asia include China, Hong Kong, Australia and India.

With the twin drivers of a growing demand from companies to penetrate and capture new markets in Asia, and a limited land supply due to space constraints of Asian metropolises, the slow growth is a small bump on Asia’s road to economic development and growth, as office rents are poised to pick up speed in the near future.