Engel & Völkers, the Bahamas based real estate brokerage firm with its global headquarters in Hamburg Germany, has adapted its business strategy for a very dynamic real estate market by relocating its main shop from downtown Nassau to Lyford Cay. Over the past decade, there has been a major shift towards the west with new developments, services and amenities that have made the western part of New Providence the premier real estate option.
The real estate firm has also opened a micro-shop in the Palm Cay community as its agents are experiencing more sales from attractive prices and a rebounding real estate market in the eastern part of the island. Engel & Völkers has also forged a “pilot” partnership with Palm Cay to offer club memberships to a limited number of private listings outside the Palm Cay community. Real Estate Advisor Ana Wassitsch says, “Buyers are very active these days and are looking for amenities to meet their lifestyle goals. Prior to Palm Cay establishing itself as a successful community, amenities like the beach club, restaurant, marina and spa did not exist in the eastern part of the island. There is also a fantastic new Solomon’s grocery store and a top IB designated private school.”
The company is also working closely with the developer to sell both its remaining Starfish Isle townhomes and the One Marina project which has contemporary-designed penthouses with private rooftop pools and panoramic ocean and marina views. General Manager Rob Batchelor says, ”We have a great community on the beach with an award winning marina and our amenities are all built so you can benefit from our facilities immediately as an owner. We also have a very family island feel of privacy and exclusivity and we believe people just need to come and experience it to appreciate what we have created.”
