SAINT HELENA CORPORATION Plc ACQUIRE FURTHER 105 ACRES OF LAND FOR DEVELOPMENT ON ST HELENA ISLAND

SAINT HELENA CORPORATION Plc ACQUIRE FURTHER 105 ACRES OF LAND FOR DEVELOPMENT ON ST HELENA ISLAND

Saint Helena Corporation Plc ‘SHC’ and Solomon & Company (St Helena) Plc ‘Solomons’ are pleased to announce a transaction by SHC to acquire c. 105 acres of land for development.

TRANSACTION PARTICULARS

SELLER:                 Solomon & Company (St Helena) Plc

BUYER:                 Saint Helena Developments Ltd (A wholly owned subsidiary of SHC)

PROPERTY:         Parcel 185/186 Thompson’s Hill, St Helena Island

SIZE:                      c. 42.5 Hectares (105 Acres)

Saint Helena Corporation Plc (SHC) announced today  plans to develop a site on St Helena, a British Overseas Territory in the middle of the South Atlantic Ocean   into a luxury residential estate of 140 to 150 units, with tropical ocean views, following the design of a show-house they have already built on the island. This exciting new development is to be called ‘Trade Winds Ocean Village’.

The villas will be spacious (areas under roof between 177m2 and 285m2) finished to extremely high standards and internally furnished in terms of a ‘mood’ board to be chosen by the buyer.

SHC also plans to create communal facilities on the property, including a camping and picnic site, with adventure children’s playground, along with associated parking and ablutions. This facility will be available to all of the island’s residents and visitors.

Trade Winds Ocean Village owners will also benefit from a communal swimming pool, tennis court, clubhouse as well as annual membership of the Trade Winds Golf Resort and clubhouse.

The ‘Ocean Village’ development will complement the proposed Trade Winds Golf Resort and Hotel development, which will be located nearby. Saint Helena Corporation Plc is the controlling shareholder of Trade Winds St Helena Island Limited, the company that will develop the Golf Resort & Hotel.

CEO of SHC Plc, Paul O’Sullivan said; “This latest acquisition is intended to consolidate our position on the island, in advance of a capital-raising to commence the developments we have lined up. Together with our ambition to establish direct flights from Europe we believe the island has a very bright future in terms of attracting tourism and investment.”

Said Mandy Peters, CEO of Solomons; “It has been a pleasure to work with SHC in bringing this transaction to completion and we have appreciated the company’s high level of enthusiasm for this exciting new project,.” She went on to say, “The transaction between Solomons and St Helena Corporation Plc will provide the basis for a large-scale development which will have the potential to provide opportunities for the wider private sector and for individuals and to also enhance the leisure facilities available to islanders and visitors.”

 ESH Chief Executive, Dr Dawn Cranswick said “The Trade Winds Ocean Village development looks very impressive, and it is encouraging to see such confidence in the island’s future potential” \

 

ABOUT SOLOMON AND COMPANY (St HELENA) Plc

Based in St Helena Island in the South Atlantic Ocean, and founded in 1790 by Saul Solomon, Solomon & Company (St Helena) Plc (or “Solomons” as it is known locally), has rich historic links to St Helena, establishing it as an integral part of Island life.

 ABOUT SAINT HELENA CORPORATION Plc

Founded by entrepreneurial business partners, Paul O’Sullivan and Anthony Fitzhenry in 2015, Saint Helena Corporation now has property investments in the United Kingdom, South Africa and on the island of St Helena. It is currently the island’s inward largest investor, excluding the UK government, having acquired its first property on the island in 2017 upon which it built a show-home and in 2018 it acquired control of Trade Winds St Helena Island Limited, which has the right to build the Golf Resort development..

ABOUT ST HELENA ISLAND

St Helena is one of the few remaining untouched destinations left in the world. Until now, the remote tropical British territory has only been accessible by ship. With commercial flights open since late 2017, travel time has been reduced from days to mere hours. Today you can experience an extraordinary tale of history, nature and culture, in a place of unique character and un-spoilt beauty.

ABOUT ENTERPRISE SAINT HELENA

Enterprise St Helena (ESH) aims to support the development of stronger local businesses, increase both local and international investment to the island, and increase tourism.  Focused on delivering St Helena’s Sustainable Economic Development Plan (SEDP), ESH supports business growth in the key SEDP sectors to help St Helena make progress towards financial independence, and improve standards of living.

Photo-Call:         Deal done! – left to right Mandy Peters, CEO of Solomons, Rob Midwinter, Director of Enterprise St Helena, Paul O’Sullivan CEO of St Helena Corporation

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