Dart Real Estate announced in August that it had purchased property on Seven Mile Beach adjacent to Camana Bay on which the Royal Palms Beach Club is operated.
“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.”
James Smith, a spokesperson for the seller, Coral Apartments Ltd., wished Dart Real Estate success with the property. “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,” he said.