commercial - tourism - residential development peacock estate · 2018-02-28 · tourism is a clean...

Richard Butler, Project Manager

Melanesian Waterfront Real Estate Limited PO Box 1044, Port Vila, Vanuatu Phone: +61 417 007 792Email: [email protected]

February 2018

Commercial - Tourism - Residential

Development Peacock Estate

Malapoa-Fatumaru Bay

Port Vila

Vanuatu

DEVELOPMENT OPPORTUNITY – PEACOCK ESTATE

February 2018 Development Opportunity – Peacock Estate 1

Background Information Peacock Estate fronting Fatumaru Bay has a number of unique advantages within the peri-urban area of Port Vila making it the ideal location for commercial, tourism and residential developments. The estate offers some of the most magnificent views of Port Vila Harbour and township area and enjoys a south easterly aspect thus taking full advantage of the views and prevailing breeze with the hot afternoon sun setting behind.

Progress of Tourism & other infrastructure improvements proposed 4 years ago

UNDERWAY: A new airport catering for up to 1 million arrivals per year for Port Vila.

COMPLETED: A new 1000 seat Conference Centre in Parliament House grounds at a cost of USD 16 million.

UNDERWAY: Development of 2 new Wharves for International Freight at an estimated cost of USD 134 million

UNDERWAY: Australia, Asian Development Bank and the Government of Vanuatu are supporting the Port Vila Urban Development Project to upgrade the key roads, improve pedestrian safety and install a fully piped sanitation system for greater Port Vila. Estimated at USD 39.1 million.

UNDERWAY: Inter-island Shipping Project, value estimated at USD 26.82 million.

COMPLETED: 2 new large modern shopping centres.

Opportunities and benefits

There is no luxury 5 Star Hotel in Vanuatu.

More rooms are needed to promote tourism and support international conferences.

Port Vila lacks new, good-quality tourism ventures, parks, water playgrounds and sand beaches.

There are no marina facilities in Port Vila for local or tourist boats apart from the cyclone moorings and a small sea wall marina operated by Yachting World, Vanuatu.

Tourism provides additional employment opportunities supported by international-standard hospitality training through the Australian funded Australia-Pacific Technical College (APTC).

Tourism is a clean industry and provides ancillary business opportunities for locals.

In 2009 Greater Port Vila had about 58,000 residents; by 2025 this is expected to reach 109,000.

Atmaru Quay Atmaru Quay reclaimed area of 37,610 m2 is envisioned as an 80-berth floating-pontoon marina available for locally-moored and visiting boats and a luxury 5-star hotel/resort complex with complementary facilities. As part of the overall development there would be a stylish pedestrian-only promenade, shops, restaurants, offices and a leisure centre with water-park and sand beach.

Walkways and promenades through the complex allow for public movement and access to shops, restaurants and offices.

Opposite Atmaru Quay is 4,416 m2 of sloping land suited to short-stay and permanent occupation apartments.

Background Information Permanent moorings in the channel between Iririki Island and Port Vila town rent for about $7,000 each per year. There is little capacity for expansion of the moorings behind Iririki Island and availability for visiting boats is very poor and usually crowded. Moorings added in recent years have been placed too close to existing moorings allowing insufficient swing room between boats and increasing the risk of damage. Anchoring in Port Vila harbour is not desirable as holding in most of the shallow parts of the outer harbour is inadequate.

Tourism development in the Port Vila area is mostly small-scale with no world-class quality hotel operator represented.

Peacock Estate, Fatumaru Bay has a number of unique advantages within the peri-urban area of Port Vila making it the ideal location for tourism, marina and residential developments.



Scope of project

Atmaru Quay development can be progressed in stages:

1. Develop ocean front land for mixed uses 2. Reclamation of an area of Fatumaru Bay for Marina development 3. Marina development 4. Luxury 5 Star Hotel of 125 rooms 5. Mixed use commercial development – shops, restaurants and offices 6. Apartments 7. Public park, amusement area and water playground

Opportunities and benefits Atmaru Quay Reclamation

The Peacock Estate side of Fatumaru Bay receives natural protection from most of the adverse effects of cyclones, tsunamis and storm surges.

The Peacock Estate side of Fatumaru Bay can sustain reclamation to increase waterfront land for tourism, public open space, marina berths and related services.

Land can be reclaimed in Fatumaru Bay for less than half the current value of town land.

Conversely, the town side of Fatumaru Bay is subject to inundation from adverse weather and natural disaster events and offers a poor candidate for further reclamation.

Around 1.3ha (9 lots – 12 to 23) of vacant leased land adjacent to the Atmaru Quay site is currently available, ideally suited to mixed residential and short-stay accommodation development for cash flow during Atmaru Quay development.

Three existing accommodation units are available adjacent to the vacant land to provide immediate cash flow and/or development and operational accommodation (lots 10 & 11).

Proposed Commercial and Tourism project – Atmaru Quay

The site comprises around 37,610 m2 of land to be reclaimed from Fatumaru Bay, giving ready access to deep pools for marina berths. Opposite the reclamation site there is 4,416 m2 of land ready for an apartment development to complement Atmaru Quay. This would provide short-term cash flow while the reclaimed area stabilises, design plans are completed and tenancies and/or sales agreed.

Strata title of Atmaru Quay and development on lots 16-19 provides a natural exit point on completion.

Cost Estimate Atmaru Quay Creation of 37,610 m2 of reclaimed land is estimated to cost around AUD$5 million.

lfira Trustees LimitedIn trust for the Indigenous people of Ifira Island

Ifira Wharf RoadP.O.Box 259 - Port Vila - Vanuatu

Telephone: (678) 24351 - Facsimile: (678) 25351

26th November 2012

Oceanic Investments Ltdc/- iCount

PO Box 211Port Vila

VANUATU

Dear Sir

RECLAMATION AND AMALGAMATION OF LAND ALONG FATUMARU BAY

This letter serves to confirm our full and unreserved support for your proposed reclamation,amalgamation and development of land along Fatumaru Bay.

We confirm that we now hold a title 12/0911/422 over the foreshore land adjacent to the proposed

reclamation with the express intention of transferring the same to you when required for the

development to proceed.

We further confirm as custom owners, that the area concerned is not the subject of any knowndispute and that you are able to proceed in reliance on this.

We hereby request every assistance be given to you by the relevant authorities to approve andadvance your proposal and we are keen to see the development progress.

I commend you on your project which I see as benefiting the whole of Vanuatu through increasing

employment, local business and tourism opportunities and ecological benefits to Fatumaru Bay.

Any queries regarding Ifira's role and interest in this project should be referred to Mr Tari Kalterekie,Manager, Ifira Lands Corporations Limited.

Yours Sincerely

li,,:..'1~LL

IFIRA TRUSTEESLIMITED

In trustfor the IndigenousPeople of Ifira IslandPO Box 259, Port Vila, Vanuatu - Telephone (678) 24351- FAX (678) 25351

Port Vila 22 nd August 2011

MDJ Business ServicePO Box 5088Port VilaVANUATU

Dear Sir/Madam,

RE: RECLAMATION AND AMALGAMATION OF LAND ALONGFATUMARU BAY

Yours Sincerely,

Teriki PaunimanuChairman

REPUBliC OFV ANUATUREPUBUQUE DE VANUATU

COUNSErr.. PROVINCIAL SHEF ASAC POSTAL PRIVE 9078

PORTVll...A

VANDAm

SHEF A PROVINCIAL COUNCrr..PRIVATE MAIL BAG 9078PORT Vll...A

VANUATU

Telephone: 22752Fax: 22785Email: [email protected]

Telephone: 22752Fax: 22785

Email: [email protected]

MJD Business Service

PO Box 5088

Port Vila

Vanuatu 24th March 2014.

Dear Sir/Madame,

Re: Oceanic Investments Ltd Proposal To Reclaim Part Of Fatumal'U Bay

This letter is to confirm that SHEFAProvincial Government Council supports in principle theconcept draft plan presented to the Council on 7 th March 2014 relating to the reclamation of the

approximately 33.500 sq. of Fatumaru Bay as shown on the plan and the proposed

amalgamation of this reclaimed area with lots 10 to 24 Peacock Estate, at Malapoa. The Council

understands that the area may be developed for any of the following:- resort, hotel, shops,

restaurant, water theme park, public park and car par, boat ramp and marina and or any otheruse that is approved by Vanuatu Government, Ministry of Internal Affairs, Ifira Trustees andSHEFAProvincial Government Council .

As stated above, this letter is a support only in principle and should the project proceed then

the Developer s I. e required to meet all Government requirement and regulations including

public acces

~ours sin eri~~tAr:;~~/

(

Private Mail Bag 9063

Port Vila

REPUBLIC OF VANUATU

Tel: (678) 25302

BUREAU DE LA PROTECTION DE

L'ENVIRONNEMENT ET LA

CONSERVATION

DEPARTMENT OF

ENVIRONMENTAL PROTECTION

AND CONSERVATION

Sac Postage Prive 9063

Port Vila

REPUBLIQUE DE VANUATU

Fax: (678) 22227 Email: [email protected]

Our ref: ENV 30310281141A Wlaw Port Vila March 2014

MJD Business Services

PO Box 5088

Port Vila

VANUATU

Dear Sir/Madam,

RE: OCEANIC INVESTMENTS LTD PROPOSED RECLAMATION AND AMALGAMANTION OF

LAND ALONG FATUMARA BAY, MALAPOA TO DEVELOPE ATMARU QUAY

I refer to the concept plans presented to the Department of Environmental Protection andConservation ('the Department') on or about 4 March 2014. The concept plan relates to aproposed reclamation of approximately 35,390 sqm of Fatumaru Bay and proposedamalgamation of the reclaimed land with Lease Title 12/0911/422 held by Ifira Trustees Limited.

lfira Trustees Limited have confirmed this by way of a letter to Oceanic Investments Limited

dated 26th November 2012.

The department has been notified that an approval may be sort in the future to develop the

above mentioned area for any of the following: resort, hotel, shops, restaurants, offices,

apartments, water theme park, leisure centre, public park, car parks, boat ramp, marina or anyother usage of the site approved by the Government of Vanuatu, Shefa Provincial Council andlfira Trustees Limited.

We are always pleased to receive any proposals that will benefit the people and the country ofVanuatu, however all projects of such nature are subject to the provisions of the EnvironmentalProtection and Conservation Act [Cap.283] ('the EPC Act'). As this project will impact on the

environment, Oceanic Investments Limited is required to submit an environmental assessment

study of the project with a Public Consultation prior to any approval being granted.

The Department does think the project has merits for the people and the country of Vanuatu and

the Department is willing to support in principle however the Department states that it mustcomply with the EPC Act.

In providing this letter of support in principle, I have taken into account the following matters:

Page 1 of 2

Notice of Approval

1. The EIA Report for the project was submitted to DEPC in 2012 and is currently being

revised for re-submission in 2014;

2. The landowners of and around Atmaru Quays have indicated support for the project

including SHEFA Provincial Council; and

3. This letter is NOT AN APPROVAL as the approval process will be undertaken as soon

as the Revised EIA is completed and submitted.

please contact the Department on the above

, ~-A<i-A'F'rn Wi IIia m s

DirectorDepartment of Environmental Protection and Conservation

Cc:o Department file

Page2 of 2

UNELCOGl:>P" ..s"-,,ez.

it £

Port-Vila, 21" of'july 2011

MJD Business Services

B.P 5088Port Vila(VANUA TV)Mob /77 42 306 - 77 57 411

Our ref.:904/U/l4!PMO/oc

We confirm to you, following our discussion today, that a pipe is laid underground along the

seaside road.Should you make one lot for the purpose of your project, you'll have either to notify aneasement at the registration, either to finance the relocation of the pipe which is at the momentused to supply water to clients.

UNION ELECTRIQUE DU VANUATU LTDRue de Paris - BP 26 - Port Vila - VanuatuTel. (+678) 22 211 - Fax (+678) 25 011 - urgence (+678) 26 000 - Email : [email protected]

Santo: BP 17 Luganville - Tel. (+678) 36 425 - Fax (+678) 36 428 - Urgence (+678) 36 636 - Email : [email protected]: BP 019 Lakatoro - Tel. (+678) 48 409 - Fax (+678) 48 415 - Urgence (+678) 77 44 323 - Email : [email protected] : BP 899 Tanna - Tel./Fax: (+678) 88959 - Email : [email protected] AU CAPITAL DE 525.773.650 VATUS - RC 3370

commercial - tourism - residential development peacock estate · 2018-02-28 · tourism is a clean...

Documents