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Cap Cana cancela su deuda internacional
Cap Cana SA ha logrado pagar en enero de 2018 la totalidad de su deuda internacional que ascendía a 364 millones de dólares

Cap Cana SA había emitido deuda para financiar las fuertes inversiones en infraestructuras de un destino que no paraba de crecer y atraer demanda internacional de inversión inmobiliaria. El campo de golf de Punta Espada, un Jack Nicklaus Signature y la Marina in-land más grande del Caribe fueron las obras más emblemáticas pero no las que requerían de más fondos para atender a los numerosos desarrollos inmobiliarios en marcha, todos vendidos sobre plano.

Las verdaderas infraestructuras necesarias eran los más de 45km de carreteras pavimentadas, los 23 MW de generación eléctrica, los 70 km de cable eléctrico soterrado y otros 50km aéreos (ahora ya todos soterrados), los 112 km de tuberías para agua potable y riego, las 6 estaciones de bombeo y tanques de almacenamiento de hormigón, los 100km de fibra óptica para comunicaciones, el Club de Playa Caletón, las oficinas, las residencias de empleados, el colegios CCHS, la Universidad Unibe. El segundo campo de golf, Las Iguanas, no pudo terminarse, pero se alcanzó una inversión en infraestructuras de más de 1,000 millones de dólares.

Con el ritmo de ventas de los años 2006 y primer semestre de 2007, el escenario resultaba muy positivo (800 millones de dólares vendidos en un periodo de 12 meses). Sin embargo, la crisis frenó las ventas y redujo la liquidez a su mínima expresión.

El vencimiento de la deuda en 2013 se convertía en inalcanzable, por lo que llegó a un acuerdo con los bonistas para prorrogar el mismo hasta 2016, con la aportación de nuevas garantías. Esas nuevas garantías impidieron la finalización de los proyectos pignorados, con la consiguiente mala imagen para Cap Cana y la desconfianza de los inversores que se alejaban de este gran destino confundiendo la sociedad promotora (y propietaria de grandes extensiones de terreno) Cap Cana SA, con el destino Cap Cana donde más de 1,800 propietarios disponían de terrenos (todos los urbanizados), villas y apartamentos.

Hasta el año 2013 Cap Cana logró salvar la crisis con una reestructuración completa de la empresa y utilizando el trueque como forma de comercio, para poder seguir manteniendo el destino en las mejores condiciones posibles. Convencer a los propietarios que pagaran sus cuotas de mantenimiento fue un trabajo arduo, dado que muchos consideraban el proyecto como quebrado (respecto de la realidad que consistía en una acuciante falta de liquidez). El incremento de los ingresos y la reducción de los costes de mantenimiento a un nivel de supervivencia, pero pagando a los proveedores, se vieron compensados con una mejora paulatina del estado general y en la vuelta a la confianza de algunos inversores.

El año 2013 vio el nacimiento de la Asociación de Propietarios de Cap Cana, Aporcap, creada esencialmente con la finalidad de lograr un perfecto mantenimiento del proyecto desde una Asociación sin Ánimo de Lucro, desde la que gestionar los ingresos aportados por todos los propietarios. Ese paso fue clave en poder presentar Cap Cana (el destino) como un lugar idílico para la inversión, dado que la garantía de un buen mantenimiento ofrecía la tranquilidad a los inversores para poner sus fondos en un lugar paradisiaco por su clima, belleza natural, seguridad, playas, Marina, Punta Espada, cercanía del aeropuerto de Punta Cana, etc.

Cuando la inversión se ha visto reducida a la insignificancia, empezar de nuevo resulta costoso. Por eso tuvo más valor el desarrollo de Los Establos (las instalaciones ecuestres más completas y lujosas del Caribe), la finalización del Hotel Tiara, la construcción del Hotel Secrets, el desarrollo de Caleton Oceanside, la finalización y entrega de dos fases de Green Village y otras obras e infraestructuras que se han ido realizando en los últimos años.

Al anunciarse la total cancelación de la deuda internacional de Cap Cana SA en enero de 2018, existen en el destino los siguientes proyectos de desarrollo en fase de planificación o de construcción: dos hoteles Hyatt, dos hoteles Karisma, Il Lago, 7 Mares, Iguanas Gardens, Ocean 21, Serenissima, Lakeside Villas, The Lofts, Gardens Villas, 17 villas privadas de diferentes propietarios y otros proyectos deportivos, inmobiliarios y hospitalarios que irán saliendo a la luz en breve.

En ninguno de los proyectos indicados más arriba interviene Cap Cana SA como promotor o inversor, lo que da idea de la plena confianza que multitud de inversores están poniendo en Cap Cana, que crece de la mano de la iniciativa privada y de la diversificación de promotores.

La cancelación de la deuda de Cap Cana va a atraer sin embargo a un mayor número de compradores finales que no tenían tiempo ni capacidad para estudiar los riesgos reales de Cap Cana como destino y se quedaban en la deuda fallida de Cap Cana SA.

Cap Cana vuelve a ser el destino del futuro. Un lugar para vacacionar, residir, trabajar e invertir.

 

Angel Sartorius

angel.sartorius@dunamarcapcana.com

CEO de Dunamar Real Estate

Broker Exclusivo de Cap Cana

 

January 30, 2018 / by / in
CARIBBEAN HOMES FOR SALE

Properties in the Caribbean are more and more demanded as globalization and new technologies allowing work from home have increased exponentially the number of people living for long periods in warm zones. Making a review on the Caribbean Homes for Sale in a number of zones, Dominican Republic appears as the country absorbing most Real Estate investment.

Should you decide the acquisition of a property, first listen to your feelings and then to your reasoning. Feelings make you Google immediately Caribbean Homes for Sale just in case you can convince your reasoning that you deserve to enjoy winter in paradise.

Landing in a country as Dominican Republic and listening to your feelings is really “dangerous”. Hospitality, smiles and kindness appear intrinsic to the way of life of Dominicans so you metamorphose into a different being. From hard worker, responsible fellow and ambitious person, you discover new luxury: free time, no rush, good weather all year, beauty, friendship even with people you hardly know, comprehension and a long etcetera of small but important details really hard to find in big cities.

After your first impression of falling in love with the country and its people, you need to categorize the Caribbean Homes for Sale appearing in your search by geographical location, climate, security, privacy, views, size, typology, price, style, seniority, amenities and facilities in the zone. What seems a very hard work can be reduced to a minimum of parameters when aiming to just three gated residential communities in Dominican Republic: Casa de Campo, Punta Cana Resort and Cap Cana.

These Communities assure security (physical and legal), privacy, luxury, amenities and facilities, and offers different kinds of Caribbean Luxury Homes for Sale from one bedroom condo to 20 million dollar houses.

Casa de Campo is the eldest Community offering Caribbean Homes for Sale. After more than 70 years, its consolidation is notable and a big variety of homes are available. From affordable while quite old units needing refurbishing to astonishing ocean front villas close to famous Teeth of the Dog Golf Course, from top designer Pete Dye, same as Sawgrass Golf Course that we enjoy every year at The Players.

Altos del Chavon offers Caribbean Homes for Sale with amazing views over Chavon River where famous Apocalypses Now movie was filmed. Also Pete Dye made his chef d’oeuvre with Dye Fore Golf Course. Affordable apartments in 8th hole seem a nice alternative for those aiming to start with a small investment.

The Marina and its surroundings offer luxury apartments and other properties such as big houses with great gardens and swimming pool.

Punta Cana Resort is also consolidated but real estate is not the core business, more centered in the private International Airport of Punta Cana absorbing 65% of the traffic of the country: an enormous business. Nevertheless, Punta Cana Resort offers three typologies of Caribbean Homes for Sale.

Top class Corales, residence of Julio Iglesias, surrounded by Corales Golf Course hosting a PGA Tour tournament since 2018 and designed by greatest golf landscaper Tom Fazio, offers some great Caribbean Homes for Sale with classical architecture style, great ocean views and maximum privacy.

Tortuga and Arrecife offer medium range villas ocean front or close to the beach, around nice golf course designed by Pete Dye’s son, P.B. Dye who also designed Hacienda Golf Course where affordable apartments are offered as well as affordable villas farer from the beach.

Best Real Estate offering appears when arriving to Cap Cana. Just 5 minutes from Punta Cana International Airport, this emerging destination revitalized since 2015 is attracting a number of developers building different typologies from affordable apartments to gorgeous houses.

While many land owners are developing their own house, there are a number of Caribbean Homes for Sale in Cap Cana. Each location has its style, typology and grade of development. Buyers can receive advice from Dunamar Cap Cana, exclusive broker listing the whole inventory of properties on sale, and choose the best option to match their needs and preferences of views, location, proximity to facilities, price or typology.

carribean home for sale

Marina Cap Cana is the biggest in-land Marina in the Caribbean offering Homes for Sale for boat lovers as well as beach lovers. Marina design allows having your front beach home inside the Marina. Enormous apartments in Aquamarina, Founders or Fishing Lodge are complemented by cute 3 bedrooms villas in Ocean 21, 4 or 5 bedrooms in Villas Marina or astonishing mansions in the Marina Islands.

Juanillo Beach extends for 3.5 miles of white sand made of coral (never burn your feet) spotted with palm trees. It’s perhaps the only place in the Caribbean where no Home is for Sale. Only big lots for just one house each can be bought while existing big mansions are only for owners use, or vacation rentals in very few occasions.

Los Establos is the greatest new equestrian facilities ever seen, including polo, races, jump, pasofino, dressage and any other existing variety. A new development of Caribbean Polo Homes started January 2018 and is already for sale. Ranches of few acres are also for sale, prepared with all luxury facilities that any horses’ lover might imagine.

Punta Espada Golf Course is named best golf course in all Latin America. A Jack Nicklaus Signature with 8 ocean front holes and views to the ocean front 9 more holes. Punta Espada hosted the Champions Tour since 2008 to 2010 with Fred Couples victory and course record as main noted fact. Best golf player ever, Jack Nicklaus made his best course in the Caribbean in 2006 and is ending his second golf course in Cap Cana (Las Iguanas). He also developed Golden Bear Lodge apartments with amazing views to Las Iguanas golf course and the ocean.

Around Punta Espada and Caribbean ocean, multiple homes are for sale. Las Palmas presents affordable villas around holes 6, 7 and 8. Punta Cayuco showcases a number of higher end villas along 5th hole and Punta Majagua along 3rd, while highest end houses border holes 9th, 11th and 15th, elevated more than 30 feet over course level with astonishing views to the ocean. Finally Caleton benefits not only of golf course holes from 11th to 17th but of Eden Roc Caleton Beach Club, an impressive cove operated by most luxurious hotel in Dominican Republic.

Once you fall in love with any of these astonishing Caribbean Homes for Sale, you need to appeal to your reasoning. Then you find high legal security, enormous tax exemptions, great communications from Europe and America, astonishing infrastructures such as airport, motorways, 100Mbps optic fiber and a number of facilities and amenities making your decision much easier.

December 18, 2017 / by / in , ,
7 Mares at Cap Cana

  1. 7 Mares


FIRST TOWER IN THE EAST OF THE DR

7MARES at Cap Cana is located at the Towers Boulevard, just minutes away from the spectacular Juanillo Beach, state-of-the-art Marina Cap Cana, and world-known Punta Espada Golf Course. It is also just 7 minutes away from Punta Cana Int’l Airport, with direct daily flights to the US, Europe, Canada, and South America.

The exclusive amenities available only to residents at 7MARES at Cap Cana include a varity of accommodations and services that recreate living at paradise. On the ground floor, the grand lobby welcomes you with natural ventilation and dramatically high ceilings, lush interior gardens and plenty of open space. A fully equiped fitness center and spa, the swimming pools, and event rooms suited for socializing or conducting business, are just a few steps from your home. Services include round-the-clock security and receptionists, concierge, and valet parking.

October 23, 2017 / by / in