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Press release
16 Feb 2010
Barbados

Sapphire Condos Open

Thompson cuts ribbon at official ceremony PRIME MINISTER David Thompson says that 54 new luxury Sapphire Condominiuns will be a boost for Barbados’ economy. Giving the feature address at the official opening ceremony of the Dover, Christ Church property, he said there would also be “a continuous flow of foreign exchange”. “The sale of these condominiums – to people mainly from the markets that we depend on for tourists and to Barbadian citizens as well, will lead to a significant injection and circulation of financial resources into the Barbadian economy. “And since many of the owners are willing to place rooms into the pool for short term rentals, there will be a continuous flow of foreign exchange into the country. Needless for me to say they will also create employment for Barbadians,” said Thompson.

Press release
15 Feb 2010
Barbados

Sapphire Beach development expected to bring millions in foreign exchange

Barbados Advocate - Business Monday THE Sapphire Beach Development cost approximately $50 million to build, and while they employed 300 Barbadians, sale of the units are expected to generate close to $85 million in foreign exchange. These numbers were revealed Friday night by Bjorn Bjerkhamn, one of the principals behind the project located at Dover, Christ Church. Speaking at the official opening ceremony for the 54 luxury units built on the site previously occupied by the Dover Convention Centre, Bjerkhamn said that practical completion sales have increased with the addition of over half a dozen units being sold. "This development is a strong contender in the international market," he told the ceremony attended by government officials headed by Prime Minister David Thompson, and many of those who partnered in the project. He said that they had chosen the opportunity to contribute to the local economy through the development of what was an unused facility.

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