Championship Golf Course project looking for investors

Championship Golf Course project looking for investors

 

 

Championship Golf Course

 

 

Geography: Rwanda [East Africa]

Desired Funding: Joint Venture/Debt

Amount: Usd $157 million

 

 Project summary

  • State of the art 18-hole championship golf course;
  • A five star hotel and conference centre;
  • 176 high quality private self contained and fully furnished villas; and
  • Mixed use development comprising 200 residential apartments and 6,000 sqm of commercial space.

The company’s main activities in this project will include:

  • ƒ Development and sale of apartments and villas
  • ƒ Development of a commercial centre, a four star hotel and a conference centre.
  • ƒ Development and management of public beach and park, marina and the yacht club
  • ƒ Development and management of the golf course and the club house

Why invest in the Project

The current trends in the Real Estate and Tourism sector, coupled with the impressive economic growth and macroeconomic environment of Rwanda, offer an ideal environment and present good opportunities for the development of the project. The following is a summary of the highlighted key factors that have attracted the project sponsor to invest in this project:

One of a Kind Development

a. Lake Recreational Estate and Championship Golf Course is a product comparable to none in competition. The product is targeted to serve the high end class that is considered as an

Unexploited market.

b. The Golf Course will offer exclusivity that is often preferred by a number of golfers and facilities

for training. The Facilities at the club will include restaurants, pro shop and other facilities which are necessary to promote the game of golf.

c. Unrivalled facilities and high-quality customer service

d. One stop shop for all sports, entertainment, corporate and tourist visitors

e. On completion it shall be the first Championship Golf Course of its kind in Rwanda, Burundi and

Eastern DRC.

 Ideal Location

a. The location is generally serene and quiet providing a scenic view on the shores of Lake Muhazi. Lake Muhazi is a fresh water lake with plenty of water birds and fresh water fish.

b. Warm climate that draws visitors all throughout the year.

c. The project has a rural area setting which makes it quite unique when compared to projects in

urban centres. There is availability of prime land by the shores of Lake Muhazi

d. The project will only be 30 minutes away from the Akagera National Park (PNA)located on the

East side of the country along Akagera river. The park is famous for birds and aquatic animals and has been the second most favourite tourist destination over the years. International

attention on Rwanda’s parks is now expanding to Akagera National Park and Nyungwe National Park due to recent conservation efforts.

e. With the potential of a new railway linkage to Tanzania and Uganda through this area, Rwamagana can become an important center for regional commerce and transportation of

goods. Growth in Rwamagana will help decentralize the foreseen urban migration to Kigali and compliment the financial, technological, cultural and civic development there with industry

development, as well as recreation and resort development at nearby Lake Muhazi to the north and Mugesera to the south.

f. According to the Rwamangana district Master Plan, Lake Muhazi has been pitted for a number of developments around it including the following:

ƒ Transform the lake into a vacation destination in Rwanda by having vacation lakeside home developments;

ƒ Develop a world class golf resort; the Recreational Estate and Championship Golf Course;

ƒ Construct a perimeter loop road around the lake; to ease accessibility and

ƒ Develop sites for ecotourism.

 

Government Support and Commitment

a. The Government has committed to promote The project given it will be the first Championship Golf Course of its kind and will offer the first world class conferencing facilities in Rwanda.

b. Kigali has achieved success in positioning itself as a business and conference hub for East and Central Africa, made possible by the government’s focus on security, cleanliness, and a probusiness environment. The Government of Rwanda also plans to promote Golf as a tourism alternative for the country.

c. The Government of Rwanda through the Ministry of Infrastructure (MINIFRA)has committed to improve the road network to the project site. Plans are underway to grade the road from Rwamagana to the project site. The move will facilitate easy access to Recreational Estate and Championship Golf Course once the project is completed. Furthermore, the Government of Rwanda plans to create a loop tarmac road around the lake to further ease access to the Lake.

d. Friendly investor climate offering 100% repatriation of capital and profits backed by a government committed to the market economy.

e. Amendment of the mortgage bill will boost potential investor’s access to mortgage financing for the project.

f. Lake Muhazi has been designated as a “Resort Lake” by government creating more opportunities for Eagle on the Lake.

Competitive Advantage

a. The project is being developed as self contained resort with all facilities you will find in a city

b. The project creates investment opportunities for individuals and organization through

acquisition of interest in the whole or part of the property.

c. Very low incidence of corruption and high incidence of overall civil obedience in comparison to

similar concept developments within the Region.

d. Experienced Stakeholders steering the project to completion

e. Strong commitment by the promoters who have so far injected over half a million US dollars into the project.

 Impact on Small and Medium Enterprise’s (SMEs) and Local Community

a. Create direct and indirect employment for the local community and SMEs. This will increase the effect of economic multipliers, fostering circulation of money within the community and improving standards of living;

b. Open up new market opportunities for the local entrepreneurs. The shopping arcade in the recreational estate and golf course will be stocked with souvenirs, crafts and other art works produced by local communities. The recreational estate and golf course also opens up extended market opportunities for supplying locally produced foods and beverages;

c. Create business opportunities for SMEs involved in transport services, consultancy, tour and travel operators, beauty parlours and leisure services;

d. Numerous Rwandans will have an opportunity to undergo high quality training in various skills requisite in the hospitality industry by re-known International hotel operator; and other international organisations which will operate in the project.

 

Kindly for more information contact our team at info@princelinkventures.com call +254204409832 or follow the link to register online.

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