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Thursday, November 12 - 2009

World's most luxurious floating residences to be unveiled at Cityscape Dubai

  • United Arab Emirates: Monday, October 08 - 2007 at 13:34
  • PRESS RELEASE

Introducing a new concept to Middle East real estate, the world's most luxurious floating residences - 'Four Seasons Ocean Residences' - will make its Middle East debut at the upcoming Cityscape Dubai 2007.

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  • Artist impressions of the Four Season's Ocean Residence, which will be unveiled at the Asteco stand at Cityscape Dubai 2007.
    Artist impressions of the Four Season's Ocean Residence, which will be unveiled at the Asteco stand at Cityscape Dubai 2007.
After successfully launching in London, New York, Hong Kong and Singapore, a scale model of this 48,600-tonne, 719-foot majestic vessel will make its way to the UAE to attract wealthy investors.

Developed by BV International Ocean Holdings Ltd, 'Four Seasons Ocean Residences' will offer 112 exclusive residences for private sale. Asteco, the strategic partner of Savills - the international sales agent for the project - is responsible for launching sales in the Middle East. The project will be showcased at the Asteco stand (number 7G30) at Cityscape Dubai, which runs at the Dubai International Exhibition Centre from October 16 - 18.

Visitors to the exhibition will be able to view a state-of-the-art computer generated flythrough, showing how the residences and vessel will look once completed and also meet the project team.

"We are thrilled to be working on this distinct and exciting ocean residence that will deliver the level of luxury service that only Four Seasons Hotels and Resorts can bring," said Robert Oppenheim, Managing Director of BV International Ocean Holdings Ltd. "Four Seasons Ocean Residences will be the world's most grand and luxurious residential community at sea."

"Undoubtedly, this will be one of the star attractions at this year's Cityscape. Representing a project of this calibre and being the first to market will definitely raise Asteco's profile amongst both local and international audiences," said Andrew Chambers, Asteco's Managing Director.

Whether traveling for several weeks or year-round aboard the 13-deck 'Four Seasons Ocean Residences', owners will tour some of the world's most vibrant cities and exotic ports of call without ever leaving home. The design of 'Four Seasons Ocean Residences' allows the ship to circumnavigate the globe, with an average cruising speed of 18.5 knots, visiting cosmopolitan centres around the world and docking or anchoring near remote habitats only accessible to a limited number of smaller sized yachts.

'Four Seasons Ocean Residences' will be built by Aker Yards of Finland and is scheduled for completion and delivery in 2010. 'Four Seasons Ocean Residences' wholly owned private residences offer one, two, three, or four bedrooms including single storey, duplex and triplex apartments and penthouses.

The elegant fully furnished residences on board 'Four Seasons Ocean Residences' have been designed to Four Seasons Hotels and Resorts standards by Tillberg Design, the company which developed the designs for Queen Mary II. The residences will range in size from 800 to nearly 8,000 square feet with features including floor-to-ceiling windows, spacious entrance hall and living room areas with sea views, master bedroom suites with walk-in dressing rooms/closets and ensuite bathrooms, expansive terraces, gourmet kitchen, and a private entrance for staff.

With 70,000 sq ft of public space, the vessel offers sophisticated travelers a comprehensive selection of onboard activities and entertainment, including the 11,000 square foot Four Seasons Spa, fitness facility, four restaurants, designer retail, a Monte Carlo style casino, a gourmet market, a business centre with meeting rooms and video conferencing, wine cellar, helipad, putting greens, golf simulator, state-of-the-art communications technology and a retractable marina providing ship-to-shore service, SCUBA expeditions, and a launch for jet skis or sailboats.

Guests have the added privilege of access to their own on board Four Seasons Hotels and Resorts concierge as well as an excursion coordinator to arrange special activities and arrangements in the various ports of call.

'Four Seasons Ocean Residences' can host the owners of the 112 residences, their guests, and 220 crew members. The first journey is scheduled for 2010, with the first two years following a fixed itinerary covering the world's most marvelous places and events such as Antarctica, the Amazon as well as the 2012 Olympics in London and the Grand Prix in Monaco.

Four Seasons expects to average 250 days in port each year, offering extended stays for in-depth exploration on all seven continents.
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Notes and media contacts

For further information, please contact:
Simon Gray
Head of Investment Agency
Asteco Property Management
Tel: (+9714) 4037777
Fax: (+9714) 4037833

Zahabia Motiwala
Polaris Public Relations
Dubai, UAE
Tel: (+9714) 3415555
Fax: (+9714) 3415588

BV International Ocean Holdings Ltd. is a joint venture between Echo Partners LLC (an affiliate of Bayview Financial), and Ocean Development Group.

Echo Partners LLC:

Echo Partners is an entrepreneurial minded real estate development company which takes advantage of its flexibility and its principals' diverse development experience to capitalize on opportunities that arise from an ever-changing marketplace. Robbie Oppenheim, Joel Goldman, Danny Warman and George Spillis are the managing principals; together they bring over 65 years of diverse real estate experience to Echo. Echo Partners is currently working on approximately $1.6 billion in development projects.

Bayview Financial LP:

Since 1998 Bayview companies have issue more than $26 billion in asset backed securities, consisting of loans acquired from third parties and loans originated in-house. In 2006 the firm delivered acquisition and origination volume of approximately $4.8 billion. Today Bayview has $10 billion in assets, making it one of the largest financial institutions in the state of Florida.

Ocean Development Group:

Ocean Development's partners form a team of marine industry veteran with more than 100 collective years of experience in cruise ship construction, operation, and innovation. Ocean Development's partners have played instrumental roles in several cruise ship companies, including: Royal Caribbean Cruise Line, Norwegian Cruise Line, Disney Cruise Line, Royal Viking Line, Premier Cruises, Kloster Cruises, Royal Cruise Line, American Classic Voyages, Fred Olsen Lines, Sea Goddess Cruises, Aloha Pacific Cruises, Renaissance Cruises and The World of ResidenSea.

Four Seasons Hotels And Resorts:

Four Seasons is dedicated to perfecting the travel experience through continuous innovation and the highest standards of hospitality. From elegant surroundings of the finest quality, to caring, highly personalized 24-hour service, Four Seasons embodies a true home away from home for those who know and appreciate the best. The deeply instilled Four Seasons culture is personified in its employees: people who share a single focus and are inspired to offer great service.

Founded in 1960, Four Seasons has followed a targeted course of expansion, opening hotels in major city centers and desirable resort destinations around the world. Currently with 74 hotels in 31 countries, and more than 25 properties under development, Four Seasons will continue to lead the hospitality industry with innovative enhancements, making business travel easier and leisure travel more rewarding.

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