12
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INDUSTRY DEVELOPER NE WS www.opp.org.uk
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JULY 2009
CYPRUS
Lanitis Development has installed the
KalGUARD+ system at its flagship golf
Y
Builders’ invest in water shortage solutions
and real estate resort Aphrodite Hills.
Developers in Cyprus are introducing The solar-powered device is designed to
new solutions to save money and soften and filter water without chemicals,
INDUSTR
resources while tackling the country’s preventing limescale build-up on items
water shortage and treatment issues. such as heating elements and extending
Water is Cyprus is in limited supply the life and efficiency of the appliances.
and the country relies heavily on “Cyprus suffers very hard water, which
desalination. A drought last year meant destroys plumbing and creates water
the country had to introduce rationing loss and energy wastage,” said inventor
and import 3.3m cubic metres of water of the new KalGUARD system Mark
from Greece. The island was still left with Hadfield, sales and technical director of
a shortfall of over 10m cubic metres Q-Water. “This is the largest KalGUARD
compared to the previous year’s supply. installation for a whole community in
PEOPLE
Europe. It could mean an average of
Waste water 25% less water is used and 15% less
Aristo’s Panorama development energy.”
in Pissouri, near Limassol, includes Saving resources
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Aphrodite Hills’ new filtering system could use 25% less water Aphrodite Hills’ project manager,
plans to treat waste water for use in Zenon Papaloizou, said: “We’ve installed
flushing toilets and watering gardens. installing water-saving devices such as of our homes and believe that we can KalGUARD as a trial for the whole resort.
“This will drastically reduce the water instant hot water switches, recycling achieve this without compromising the We’ve tried adding chemicals to the
consumption of the individual villas, capabilities and aerated tap fittings in natural environment.” water but they damaged the pipes, so
TION
efficiently supporting environmental their properties. “Water conservation is if this works as well or better than the
preservation,” said Panayiotis an area that we are concerned about,” Improving water quality chemicals we’ll keep using it. This won’t
Michaelides, Aristo’s group marketing said marketing director Panayiotis Hard water is another issue affecting solve Cyprus’s water problems but it
manager. Makedonas. “We continually strive to developers, particularly in areas will save water, money, energy and
DESTINA Developers such as Country Rose are improve the quality and the performance where water is drawn from boreholes. manpower.”
DOMINICAN REPUBLIC
SE launches
DR developer offers
destination club
30-month cooling off period
Investment firm Someplace Else
has launched a destination club to
encourage customers to buy into its
BUSINESS
The first 30 investors in the Las Arenas location were great, we realised that five South American developments.
development, a 25-storey residential this project wasn’t going to happen The Be Diverse scheme allows
oceanfront project, will have their in the current climate without an clients to buy shares in one of two
money held in an escrow account for 30 incredible offer,” said Greg Breitbart, holding companies that own plots of
months from the full payment deadline sales manager for Las Arenas and VP Buyer guarantee
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Investors will receive land on the company’s sites in Brazil,
of 31 October 2009. At the end of that sales and marketing for agent Legacy all their money back if they’re not happy Argentina and Belize.
period, buyers can continue to invest or International. Someplace Else is developing
receive all their money back, plus the “This scheme takes out the risk and would have to make this kind of offer in hotel and holiday homes on each of
OPER
interest earned from the escrow. The first means buyers won’t be putting their the near future but that off-plan sales the sites and, as well as offering an
VEL
ten buyers who purchase a total of 300 money into something they don’t know would eventually return. “Every time expected capital appreciation of 10%
sq m worth of property will also receive if they’ll be satisfied with – they’ll get there’s a bust, everyone says it will never per year over five years, investors will
DE
a 25% discount on the sale price. what they see. This is an amazing deal come back but it always does. Eventually, be given time in any of the hotels for
and we wouldn’t be doing it if it wasn’t people will come back to off-plan but a housekeeping charge of $150 per
Managing caution for the current economic situation.” they will be much more sceptical for a week.
“Even though the product, timing and Breitbart said that more developers long time.”
Target over 60,000 Agents, IFAs, Developers,
TING
Fund Managers and associated professionals
ARKE
M
You can reach some, or all of them, by emailing the OPP trade database.
For details call +44 (0)20 8439 9580 or email sales@opp.org.uk
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