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Steiningerisland Background Info.pdf

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Christoph Albeck Luxury Real Estate and Finance
Christoph Albeck Luxury Real Estate and Finance

This document provides an overview of Steininger Island, a gated island development in the Bahamas. It will include luxury homes, amenities like a golf club, beach club, and boat club. The development aims to be environmentally friendly with solar power and sustainability standards. It is being developed by an experienced German real estate team with a track record of over 100 residential projects.

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N ISLAND THE ONLY GATED ISLAND IN THE BAHAMAS B A C K G R O U N D I N F O
Steiningerisland Background Info.pdf
THE BAHAMAS
• Independent since 1973, part of the British Commonwealth • Constitutional parliamentary de- mocracy for over 250 years • More than 700 islands, cays and islets • Population 389 000, Grand Bahama Island 51 000 • English Common Law • Safe haven for investors • Corruption Perceptions Index rank 30/180, score 63/100 (U.s. rank 25/180, score 67/100 - Spain rank 32/180, score 62/100) ABOUT THE BAHAMAS
• Bahamas recorded a total of 7m tourists in 2019, ranking 57th in the world in absolute terms. • Smaller countries regularly perform lower in a comparison of the abso- lute number of guests. By putting the tourist number in relation to the population the picture beco- mes more comparable: with 18.44 tourists per resident, the Bahamas ranked 9th in the world and 6th in the Caribbean. • Bahamas generated around 3.61 bn USD in the tourism sector alone. This corresponds to 32.05 Percent of its Gross Domestic Product and approximately 24 Percent of all income from international tourism in the Caribbean. TOURISM
• Most foreign homebuyers in the Bahamas come from the United States, Canada, France, Britain and Italy. • No restrictions on foreigners buy- ing property • Foreigners who own properties in the Bahamas are eligible for a ho- meowner´s residence card. • Those who purchase properties va- lued at least USD 750 000 qualify for permanent residency. PROPERTY MARKET
• Bahamas impose little to no tax. • Rental income: no income taxes but stamp duties are imposed when renting out Bahamian real es- tate. • Capital gains: no taxes on capital gains in the Bahamas. • Real estate: the maximum tax rate is 1% annually for properties worth more than USD 500 000. Steinin- ger Island is exempt from any pro- perty tax. • Inheritance: not taxed on the is- land. • Residents: income of residents is not subject to tax. TAX ADVANTAGES
GRAND BAHAMA
Steiningerisland Background Info.pdf
• Although geographically close, Miami and the Bahamas are diffe- rent worlds. Just 55 nautical miles off the Southern Coast of Florida - a spring and a step away from the sunny, cosmopolitan city of Miami - is Grand Bahama. • Grand Bahama is famous for its tropical climate, excellent sea- food, and some of the world‘s most gorgeous (and relatively untou- ched) beaches. Travelers can make the most of this close proximity by taking a one- or two-day trip from Miami to Grand Bahama by boat or plane. So, a visit to the sunshine state can also mean an idyllic geta- way to tropical bliss. MIAMI TO GRAND BAHAMA 55 NAUTICAL MILES
• When Uber announced its air taxi venture Uber Elevate (now acqui- red by Joby Aviation), it seemed like a far-fetched ambition. But re- cently many aerospace companies have started working on delivering air taxis to serve a certain group of travelers. • Unlike ground transport, the in- frastructure costs for air taxis will be much cheaper and yet more efficient. It will help massively in congested locations and where the demand to commute is more than the supply. • The newest invention in the aero- space business is electric vertical take-off and landing (eVTOL) air- craft. eVTOL
• Direct connections to more than 2 billion people • US immigrant pre-clearance and customs • 11 000 feet runway that can ac- commodate Boeing 747-400s (jumbo-jet) INTERNATIONAL AIRPORT
• Major Container Port for Hutchison and MSC • The deepest draft 52 feet (16 m) outside of Norfolk, Va on the entire US East Coast FREEPORT HARBOUR
• TOURISM World Class Hotels i.e. SIX SENSES World Class Fishing Tournaments i.e. Marlin Festival Cruise Ships i.e. Carnival Cruises, MSC • EDUCATION Lucaya International School The Doctors Hospital Medical School and University • INDUSTRY WorldClassContainerPort i.e.Hut- chison Whampoa, MSC FDA approved pharmachem and polymers production facilities, Oil Bunkering, XQuisite Yachts Marina, First Hybrid Mega Yachts ECONOMY
• 1955 Financier Wallace Grove sig- ned the Hawksbill Creek agreement with the Bahamian government to build the City of Freeport. • He created the Grand Bahama Port Authority (GBPA) and started the development of Freeport as a mo- dern, 230-square mile, tax-friendly, free trade zone with world class infrastructure. • The Best Free Trade Zone Overall for SMEs in Latin America and The Caribbean in 2016. • 2023 The Bahamas celebrate their 50th anniversary and the Bahamian Government‘s key goal is to mo- dernize the Free Zone Agreement. • Large international players already started their projects. FREEPORT FREE ZONE
• Digital Nomads, Crypto Entrepre- neurs and Students at the Medical School and University are now per- mitted to reside under the Baha- mas Extended Access Travel Act. • CARNIVAL CRUISES invests $300M+ in a completely new Port. • Investments in Infrastructure, Medi- cal, Crypto, Tourism and Sustaina- bility and Eco totals $2 billion. • „It´s gone into overdrive. There was always a migration, but Covid gave people a reason just beyond just taxes. It pushed them over the edge.“ David S. Goodboy, Founder of the Palm Beach Hedge Fund Association regarding migration to the south (wsj.com Jun. 9, 2021) TRENDS FOR THE NEXT 3 YEARS
AN EXPERIENCED TEAM OF PROFESSIONALS
• Christoph Albeck and Hanno Strack are the Founders and Mana- ging Directors of CPH INVEST. • Having successfully planned, built and exited/sold around 110 high end residential properties over the course of the last 8 years, they currently oversee the development of further 100 individual residential homes in The Bahamas. • Operating in an island environment with closed local communities, strict regulation, high environmen- tal standards and demands, CPH INVEST is well equipped to ex- port this expertise to other islands where they identify similar trading patterns. CPH INVEST
• Katja Katja Schwenke is a visionary entrepreneur and strategic advisor. • In pioneer times of renewable energies at the beginning of this century, she spent 10 years as CEO (WKN AG/now PNE Group) buil- ding up a company from a start-up to an international leading group in Europe and the USA in the field of wind power. • Turn key construction of wind farms, financing and setting up closed funds of around 800 Million Euro. Planning and constructing the worlds most modern wind farm in the US with 100 MW and 3 MW Vestas turbines. • Engaged in investing in projects that show visions for a sustainable future. CONSULTANT
• CEO & Chief Designer Martin Stein- inger (48) is known for his minima- list designs with ‘clear corners and sharp edges’. • The designs and architectural voice / language of the highly qualified industrial designer are in high de- mand on the international stage, have won numerous awards and impress with their prominent, clear lines, their timelessness as well as their refined details. • During the design process, he ad- heres to the principle of maximum simplification and makes use of unconventional materials such as stone, concrete, aluminum or brass to accentuate the straightforward, at times almost archaic look of his creations. DESIGNER
THE OPPORTUNITY SET
• 2 005 sqft • 18 496 sqft lot • 2 beds • 3 baths 3X BUNGALOW
• 2 224 sqft • 21 668 sqft lot • 3 beds • 4 baths 6X VILLA TYP A
• 3 847 sqft • 22 205 sqft lot • 4 beds • 5 baths 6X VILLA TYP B
• 5 232 sqft • 24 945 sqft lot • 7 beds • 6 baths 3X VILLA TYP C.1
• 4 814 sqft • 24 396 sqft lot • 4 beds • 5 baths 4X VILLA TYP C.2
• Hurricane safe houses • Generator free Houses (no need for Diesel) • Green Roofs (lowers the need to cool down air conditioning) • Solar Panels and efficient battery storage • Minimum Energy Efficiency Stan- dards for all houses • Smart Community: Pooling of Energy. Each House contributes to share the Energy gained from Solar Panels. • Transportation: Airport Shuttle, So- lar powered Boat Club and Drone Service into South Florida WE BUILD
• To secure the energy supply, Stei- niger Island should be energetically self-sufficient and at the same time generate the required energy for all consumers including e-vehicles ecologically. • Each building will be equipped with its own photovoltaic system. This takes over the primary supply during the hours of sunshine via its own inverter. This is flanked by charging stations for 1-2 electric cars. • The energy is stored in an outsour- ced central battery station for all objects. • In long-term adverse weather si- tuations use can be guaranteed for up to 8 days. SOLAR POWER
• ESG is an acronym defining three key areas of sustainability that real estate developers should consider: environmental, social, and gover- nance. • At CPH INVEST all our projects are fully compliant with ESG values. • At CPH INVEST we fully finance all our developments with private capital. Every stakeholder is com- mitted to our values. ESG
• Environmental building factors typically spotlight a property‘s carbon footprint and address ener- gy consumption, water usage, and waste management. • Real Estate consumes around 40% of the world’s energy and contri- butes up to 30% of its annual GHG emissions. That’s why the applica- tion of ESG standards is so import- ant to us. • Environmental considerations may also include how well a property is positioned to handle climate-re- lated risks like rising ocean levels, and extreme weather. • We support the local Coral Vita Farm to maintain the reef in front of the island. ENVIRONMENTAL
• Awareness is growing that real es- tate has a significant social impact. We build one house for bahamian people in need for each house we sell. Together with the Department of Housing of the Government of The Bahamas we offer a way to purchase a government house in a designated area. • The mandate of the Minister re- sponsible for Housing is the encou- ragement of home ownership by persons of low to moderate inco- mes. • To this end, the Department of Housing takes applications from persons of low to moderate inco- mes interested in obtaining subsi- dised housing through government guaranteed loans. SOCIAL
• Vertical take-off and landing • Zero operating emissions • One Pilot + four riders • 150 mile max range • 200 mph top speed • 10+ years in development FLIGHT CLUB
• Steininger Island has its own air taxi port on the property AIR TAXI PORT
• The Boat Club is all about offering the possibility to experience only the best parts of boating. A mem- bership in our Boat Club removes all the hassle and adds extra fea- tures and services for more free- dom and fun at sea. • Premium models in various classes between 20 and 40 ft. The Boat Club’s fleet includes both motor and e-power boats with a focus on performance, design and smart functionalities for the modern boa- ter and are carefully chosen to fit the members’ needs. BOAT CLUB
• Unlimited Golf • Guest invitations • Forming part of a group • Family golf • Competitions GOLF CLUB
• Gracious clubhouse & restaurant • Access to club members meeting room • Private Dining • Different pools • Private beach • Parties & social gatherings • Yoga and pilates classes BEACH CLUB
Steiningerisland Background Info.pdf
Steiningerisland Background Info.pdf
CPH INVEST GMBH CEO · FOUNDER Christoph Albeck and Hanno Strack De-Saint-Exupéry-Str. 10 60549 Frankfurt am Main info@cph-invest.com C P H - I N V E S T . C O M

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Steiningerisland Background Info.pdf

  • 1. N ISLAND THE ONLY GATED ISLAND IN THE BAHAMAS B A C K G R O U N D I N F O
  • 4. • Independent since 1973, part of the British Commonwealth • Constitutional parliamentary de- mocracy for over 250 years • More than 700 islands, cays and islets • Population 389 000, Grand Bahama Island 51 000 • English Common Law • Safe haven for investors • Corruption Perceptions Index rank 30/180, score 63/100 (U.s. rank 25/180, score 67/100 - Spain rank 32/180, score 62/100) ABOUT THE BAHAMAS
  • 5. • Bahamas recorded a total of 7m tourists in 2019, ranking 57th in the world in absolute terms. • Smaller countries regularly perform lower in a comparison of the abso- lute number of guests. By putting the tourist number in relation to the population the picture beco- mes more comparable: with 18.44 tourists per resident, the Bahamas ranked 9th in the world and 6th in the Caribbean. • Bahamas generated around 3.61 bn USD in the tourism sector alone. This corresponds to 32.05 Percent of its Gross Domestic Product and approximately 24 Percent of all income from international tourism in the Caribbean. TOURISM
  • 6. • Most foreign homebuyers in the Bahamas come from the United States, Canada, France, Britain and Italy. • No restrictions on foreigners buy- ing property • Foreigners who own properties in the Bahamas are eligible for a ho- meowner´s residence card. • Those who purchase properties va- lued at least USD 750 000 qualify for permanent residency. PROPERTY MARKET
  • 7. • Bahamas impose little to no tax. • Rental income: no income taxes but stamp duties are imposed when renting out Bahamian real es- tate. • Capital gains: no taxes on capital gains in the Bahamas. • Real estate: the maximum tax rate is 1% annually for properties worth more than USD 500 000. Steinin- ger Island is exempt from any pro- perty tax. • Inheritance: not taxed on the is- land. • Residents: income of residents is not subject to tax. TAX ADVANTAGES
  • 10. • Although geographically close, Miami and the Bahamas are diffe- rent worlds. Just 55 nautical miles off the Southern Coast of Florida - a spring and a step away from the sunny, cosmopolitan city of Miami - is Grand Bahama. • Grand Bahama is famous for its tropical climate, excellent sea- food, and some of the world‘s most gorgeous (and relatively untou- ched) beaches. Travelers can make the most of this close proximity by taking a one- or two-day trip from Miami to Grand Bahama by boat or plane. So, a visit to the sunshine state can also mean an idyllic geta- way to tropical bliss. MIAMI TO GRAND BAHAMA 55 NAUTICAL MILES
  • 11. • When Uber announced its air taxi venture Uber Elevate (now acqui- red by Joby Aviation), it seemed like a far-fetched ambition. But re- cently many aerospace companies have started working on delivering air taxis to serve a certain group of travelers. • Unlike ground transport, the in- frastructure costs for air taxis will be much cheaper and yet more efficient. It will help massively in congested locations and where the demand to commute is more than the supply. • The newest invention in the aero- space business is electric vertical take-off and landing (eVTOL) air- craft. eVTOL
  • 12. • Direct connections to more than 2 billion people • US immigrant pre-clearance and customs • 11 000 feet runway that can ac- commodate Boeing 747-400s (jumbo-jet) INTERNATIONAL AIRPORT
  • 13. • Major Container Port for Hutchison and MSC • The deepest draft 52 feet (16 m) outside of Norfolk, Va on the entire US East Coast FREEPORT HARBOUR
  • 14. • TOURISM World Class Hotels i.e. SIX SENSES World Class Fishing Tournaments i.e. Marlin Festival Cruise Ships i.e. Carnival Cruises, MSC • EDUCATION Lucaya International School The Doctors Hospital Medical School and University • INDUSTRY WorldClassContainerPort i.e.Hut- chison Whampoa, MSC FDA approved pharmachem and polymers production facilities, Oil Bunkering, XQuisite Yachts Marina, First Hybrid Mega Yachts ECONOMY
  • 15. • 1955 Financier Wallace Grove sig- ned the Hawksbill Creek agreement with the Bahamian government to build the City of Freeport. • He created the Grand Bahama Port Authority (GBPA) and started the development of Freeport as a mo- dern, 230-square mile, tax-friendly, free trade zone with world class infrastructure. • The Best Free Trade Zone Overall for SMEs in Latin America and The Caribbean in 2016. • 2023 The Bahamas celebrate their 50th anniversary and the Bahamian Government‘s key goal is to mo- dernize the Free Zone Agreement. • Large international players already started their projects. FREEPORT FREE ZONE
  • 16. • Digital Nomads, Crypto Entrepre- neurs and Students at the Medical School and University are now per- mitted to reside under the Baha- mas Extended Access Travel Act. • CARNIVAL CRUISES invests $300M+ in a completely new Port. • Investments in Infrastructure, Medi- cal, Crypto, Tourism and Sustaina- bility and Eco totals $2 billion. • „It´s gone into overdrive. There was always a migration, but Covid gave people a reason just beyond just taxes. It pushed them over the edge.“ David S. Goodboy, Founder of the Palm Beach Hedge Fund Association regarding migration to the south (wsj.com Jun. 9, 2021) TRENDS FOR THE NEXT 3 YEARS
  • 17. AN EXPERIENCED TEAM OF PROFESSIONALS
  • 18. • Christoph Albeck and Hanno Strack are the Founders and Mana- ging Directors of CPH INVEST. • Having successfully planned, built and exited/sold around 110 high end residential properties over the course of the last 8 years, they currently oversee the development of further 100 individual residential homes in The Bahamas. • Operating in an island environment with closed local communities, strict regulation, high environmen- tal standards and demands, CPH INVEST is well equipped to ex- port this expertise to other islands where they identify similar trading patterns. CPH INVEST
  • 19. • Katja Katja Schwenke is a visionary entrepreneur and strategic advisor. • In pioneer times of renewable energies at the beginning of this century, she spent 10 years as CEO (WKN AG/now PNE Group) buil- ding up a company from a start-up to an international leading group in Europe and the USA in the field of wind power. • Turn key construction of wind farms, financing and setting up closed funds of around 800 Million Euro. Planning and constructing the worlds most modern wind farm in the US with 100 MW and 3 MW Vestas turbines. • Engaged in investing in projects that show visions for a sustainable future. CONSULTANT
  • 20. • CEO & Chief Designer Martin Stein- inger (48) is known for his minima- list designs with ‘clear corners and sharp edges’. • The designs and architectural voice / language of the highly qualified industrial designer are in high de- mand on the international stage, have won numerous awards and impress with their prominent, clear lines, their timelessness as well as their refined details. • During the design process, he ad- heres to the principle of maximum simplification and makes use of unconventional materials such as stone, concrete, aluminum or brass to accentuate the straightforward, at times almost archaic look of his creations. DESIGNER
  • 22. • 2 005 sqft • 18 496 sqft lot • 2 beds • 3 baths 3X BUNGALOW
  • 23. • 2 224 sqft • 21 668 sqft lot • 3 beds • 4 baths 6X VILLA TYP A
  • 24. • 3 847 sqft • 22 205 sqft lot • 4 beds • 5 baths 6X VILLA TYP B
  • 25. • 5 232 sqft • 24 945 sqft lot • 7 beds • 6 baths 3X VILLA TYP C.1
  • 26. • 4 814 sqft • 24 396 sqft lot • 4 beds • 5 baths 4X VILLA TYP C.2
  • 27. • Hurricane safe houses • Generator free Houses (no need for Diesel) • Green Roofs (lowers the need to cool down air conditioning) • Solar Panels and efficient battery storage • Minimum Energy Efficiency Stan- dards for all houses • Smart Community: Pooling of Energy. Each House contributes to share the Energy gained from Solar Panels. • Transportation: Airport Shuttle, So- lar powered Boat Club and Drone Service into South Florida WE BUILD
  • 28. • To secure the energy supply, Stei- niger Island should be energetically self-sufficient and at the same time generate the required energy for all consumers including e-vehicles ecologically. • Each building will be equipped with its own photovoltaic system. This takes over the primary supply during the hours of sunshine via its own inverter. This is flanked by charging stations for 1-2 electric cars. • The energy is stored in an outsour- ced central battery station for all objects. • In long-term adverse weather si- tuations use can be guaranteed for up to 8 days. SOLAR POWER
  • 29. • ESG is an acronym defining three key areas of sustainability that real estate developers should consider: environmental, social, and gover- nance. • At CPH INVEST all our projects are fully compliant with ESG values. • At CPH INVEST we fully finance all our developments with private capital. Every stakeholder is com- mitted to our values. ESG
  • 30. • Environmental building factors typically spotlight a property‘s carbon footprint and address ener- gy consumption, water usage, and waste management. • Real Estate consumes around 40% of the world’s energy and contri- butes up to 30% of its annual GHG emissions. That’s why the applica- tion of ESG standards is so import- ant to us. • Environmental considerations may also include how well a property is positioned to handle climate-re- lated risks like rising ocean levels, and extreme weather. • We support the local Coral Vita Farm to maintain the reef in front of the island. ENVIRONMENTAL
  • 31. • Awareness is growing that real es- tate has a significant social impact. We build one house for bahamian people in need for each house we sell. Together with the Department of Housing of the Government of The Bahamas we offer a way to purchase a government house in a designated area. • The mandate of the Minister re- sponsible for Housing is the encou- ragement of home ownership by persons of low to moderate inco- mes. • To this end, the Department of Housing takes applications from persons of low to moderate inco- mes interested in obtaining subsi- dised housing through government guaranteed loans. SOCIAL
  • 32. • Vertical take-off and landing • Zero operating emissions • One Pilot + four riders • 150 mile max range • 200 mph top speed • 10+ years in development FLIGHT CLUB
  • 33. • Steininger Island has its own air taxi port on the property AIR TAXI PORT
  • 34. • The Boat Club is all about offering the possibility to experience only the best parts of boating. A mem- bership in our Boat Club removes all the hassle and adds extra fea- tures and services for more free- dom and fun at sea. • Premium models in various classes between 20 and 40 ft. The Boat Club’s fleet includes both motor and e-power boats with a focus on performance, design and smart functionalities for the modern boa- ter and are carefully chosen to fit the members’ needs. BOAT CLUB
  • 35. • Unlimited Golf • Guest invitations • Forming part of a group • Family golf • Competitions GOLF CLUB
  • 36. • Gracious clubhouse & restaurant • Access to club members meeting room • Private Dining • Different pools • Private beach • Parties & social gatherings • Yoga and pilates classes BEACH CLUB
  • 39. CPH INVEST GMBH CEO · FOUNDER Christoph Albeck and Hanno Strack De-Saint-Exupéry-Str. 10 60549 Frankfurt am Main info@cph-invest.com C P H - I N V E S T . C O M