Bahamas News

MCR opens Harbour Island office, promising real estate market fuels growth

Published

7 years ago

January 4, 2017

Harbour Island, Bahamas, January 3, 2017 – Calling Mario Carey “a brand unto himself,” Minister of Investments Khaalis Rolle officially welcomed the world’s fastest growing real estate brand, Better Homes & Gardens and its local franchise holder Mario Carey, to Harbour Island December 29. For the Cabinet minister, the journey to North Eleuthera and the isle just off the mainland’s shore where the rich and famous eat, love and play was a step back in time with dozens of locals hailing him and endless friendly backslaps remembering the 10 years Rolle spent with Bahamas Ferries before moving on.

For Carey, it was a foray into the future for the leading broker who has spent more than three decades in the business. “We are excited to be in Harbour Island today,” he said. “This is just the first Family Island office in our strategy to serve the entire Bahamas. We hope to have our office in Bimini open by the end of January and we plan to have offices in five Family Islands by the end of 2017.”

Carey, who became the first international franchisee for Better Homes & Gardens earlier this year, said he sees encouraging signs in the real estate market that hit the doldrums after the recession in 2008. “The pulse of the real estate market is beginning to beat more strongly,” said Carey. “The recession of 2008 hit everyone hard, but what we are experiencing now are encouraging signs of a gradual recovery. It is starting with luxury properties as high net worth individuals have access to more disposable income for second homes and properties they want rather than need. The recovery at the lower end of the market is still slow, but we believe as banks make more lending available, that will begin to pick up, too.”

Appealing to that higher net worth market Carey said was generating welcome activity, RBC lent its support, co-sponsoring the official opening and offering congratulations to Carey and team. Several RBC executives from private banking and business development flew to Harbour Island for the event that included food, live music and a fire dancer at a casual outdoor Harbour Island hotspot called Beyond the Reef.

The Harbour Island office is staffed by island specialist Adell Farquharson who said business was already brisk and she had appointments lined up. “It’s great,” said Farquharson. “The island is packed, there is not another golf cart available until January 5 and people who love it here are showing real interest in buying.”

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Bahamas News

GBPA’S STATEMENT IN RESPONSE TO THE ADDRESS OF PRIME MINISTER PHILIP DAVIS AT THE G.B. CHAMBER’S BUSINESS MEETING ON MONDAY, MAY 6TH, 2024

Published

4 hours ago

May 9, 2024

Shanieka

The Grand Bahama Port Authority has taken note of calls from our licensees, the residents of Grand Bahama and several current investors for a response to Monday’s address by Prime Minister Davis.

We take this opportunity to once again reassure these valued stakeholders that GBPA remains laser-focused on the task at hand. We are working every day to deliver the $2B-plus of investments which the GBPA Group of Companies, through its affiliates, either initiated, is invested in, or is contractually involved in creating, and was instrumental in bringing the investors to the table.

At the same time, it is important that GBPA corrects any inaccurate, incomplete or selective representations regarding matters that impact our stakeholders. In the near future, therefore, GBPA intends to host a live event with its stakeholders to ensure that all the matters discussed in the public domain are placed in their proper context and the historical record is set straight.

In the meantime, we encourage our stakeholders to remain confident in the resilience and potential of Freeport, and in our pledge to continue working diligently to see a prosperous future for Grand Bahama.

Bahamas News

Bahamas economic growth

Published

5 days ago

May 4, 2024

Shanieka

Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

Bahamas News

RBC appoints new Country Manager and Area Vice President for Turks & Caicos

Published

6 days ago

May 4, 2024

Shanieka

RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.