Are you looking to secure prime commercial real estate in the Bahamas?

Are you looking to secure prime commercial real estate in the Bahamas?

If you are looking to acquire commercial real estate in the Bahamas – where tourism and financial corporations are thriving – you will know that it can be an exciting time, but an anxious one. 

At top Bahamas law firm ParrisWhittaker we understand that you need incisive, expert legal advice – and you need it fast. Few transactions require the speed and efficiency of a commercial property purchase, and we will work alongside you to ensure the perfect piece of property doesn’t slip from your hands

The lap of luxury

As the Tribune recently reported, the Bahamas retains its position as one of the most sought-after venues for luxury resorts. The region’s reputation as an island paradise keeps it firmly among the world’s top spots as a tourist destination – and the tourism industry has been one of the stalwarts of the economic recovery.

Few resorts can match the legendary One and Only for beauty and luxury – a fact which has caught the eye of Argentine developer Alan Faena and his Ukrainian-born billionaire partner, Len Blavatnik (ranked by Forbes as the 39th richest person in the world).

The deal has not yet been sealed – but there are rumours of a likely purchase price of between $85 million and $130 million, and the Tribune reports that lawyers are poised to complete the transaction. As the paper says, “if the One and Only Club purchase closes, the Bahamas may gain two investors of considerable means.”

Confidence is key

All of this will be music to the ears of those keen to see the Bahamas continue to affirm its position as a serious player in the global financial markets. Few things are more certain indicators of an economic recovery than serious investment from serious investors – and this purchase signals a renewed confidence that can only augur well for the future of the Bahamas.

How can we help?

At ParrisWhittaker, our expert real estate lawyers have advised clients on property purchases from large-scale commercial transactions to helping new businesses acquire their very first property. We pride ourselves on providing swift, intuitive advice, working closely alongside our clients to help them realise their ambitions. Call us now, and we can begin to help you secure the very best property for you.