Dart Real Estate has purchased property on Seven Mile Beach adjacent to Camana Bay. The Royal Palms Beach Club is operated on the newly acquired property on Grand Cayman, Cayman Islands.
“We are pleased to announce this addition to our portfolio,” said Dart Real Estate president Jackie Doak. “We believe it is a logical acquisition, as the property will integrate well with our Camana Bay development due to its adjacent position.”
“The Company has decided to sell the property,” said James Smith, Company Secretary of Coral Apartments Ltd. “The Dart organisation is known for its high quality real estate developments and there is every indication that the property will be developed in a manner that will be good for the Cayman Islands. We wish the new owners every success with the property.”