Dart’s 2017 Year in Review

From acquisitions and anniversaries to astronauts and awards, 2017 was a remarkable year for Dart. Here are the highlights:

Camana Bay Commemorates its 10th Anniversary

The “crown jewel” in Dart’s property portfolio, Camana Bay celebrated a decade since opening in 2007 with two tenants –a bookstore and a cinema. Camana Bay marked the occasion with a series of special events and activities throughout the year, beginning with the January launch of the Camana Bay Times, the town’s monthly newspaper, and culminating with a grand opening birthday party in November. With more than 2,000 people visiting daily to shop, dine, play and work, Camana Bay has come a long way in only ten years. Now home to 130 residents, 40 shops, 15 eateries and 45 offices, it truly is a place “where life blossoms.”

CAIS Defies Gravity at its 2017 Summit

In February, Dart hosted the Cayman Alternative Investment Summit (CAIS) with keynote speaker Arnold Schwarzenegger and an impressive line-up of panellists including NASA astronauts (and twins) Mark and Scott Kelly and Virgin Galactic CEO George Whitesides. The two-day event was themed “Defying Gravity: The Future of Alternative Investments in Exceptional Times” and offered its 400+ attendees an opportunity to discuss and analyse the challenges facing the alternative investment industry in today’s digital age. The summit, which took place at the Kimpton Seafire Resort + Spa, ended with the Legends Tennis celebrity tournament held at Camana Bay. The tech theme continues next month when CAIS 2018 welcomes a robot named Sophia as a guest speaker.

A Summer of Inspired Minds

It was a busy summer for the Minds Inspired programme and its students.

July kicked off with the launch of Mi Academy, a naval architecture and marine engineering summer camp. Offered in partnership with the prestigious Webb Institute, 15 students spent five days learning advanced engineering concepts and applying them as they built their own nautical devices.

Minds Inspired high school scholars were also given a chance to travel to Oxford Academy in England for an introduction to university life. Five students spent two weeks engaged in various academic, cultural and social activities with other students from around the world.

The Minds Inspired programme, which began five years ago, also awarded two of its young scholars with scholarships to top universities. Daniel Nicholson-Gardner, a Minds Inspired scholar since 2013, was accepted to Indiana University’s Kelley School of Business where he is pursuing a career in Finance. Drew Milgate, also a scholar since 2013, was accepted to Cambridge University in England where he is pursuing an Engineering degree.

Dart-led Consortium Wins Waste Management Contract

October saw the Cayman Islands Government select a preferred bidder for the proposed Integrated Solid Waste Management System (ISWMS), which will replace the current landfill in George Town and the Sister Islands. Led by DECCO, the bid team includes a combination of local firms and specialist partners who will design, build, operate, finance and manage the country’s new waste management facilities.

Based on Government’s policy to reduce waste going to landfills by up to 95%, ISWMS aims to reduce, reuse, recycle and recover (through waste-to-energy), with disposal only used for materials that cannot be treated otherwise. Contract negotiations are currently underway, with the goal of having the new facilities fully operational by 2021.

Seven Mile Beach Acquisitions Strengthen Dart’s Commitment to Cayman

In September, Dart Real Estate purchased property on Seven Mile Beach, home to the Royal Palms Beach Club. This addition to the portfolio was a logical acquisition given its location adjacent to Camana Bay and its popularity among visitors and residents.

Several weeks later and a couple of miles up the beach, another acquisition made headlines. The Ritz-Carlton, Grand Cayman joined the Dart Real Estate portfolio, an investment that demonstrates Dart’s confidence in the strength and resilience of the Cayman Islands economy.

Last but Not Least … our Awards

Two Dart Real Estate properties and CAIS were the recipients of prestigious awards in 2017.

In August, Kimpton Seafire Resort + Spa was awarded the AAA Five Diamond Rating – the highest possible designation from the travel authority. Located on Seven Mile Beach, the hotel became one of only nine resorts in the Caribbean to hold the AAA Five Diamond Award®, a source of pride for both Dart and Kimpton Hotels.

In November, the Chartered Alternative Investment Analyst (CAIA) Association presented the 2017 CAIA Education Leadership Award to Dart Enterprises for their role in organising CAIS, which was recognised as one the most influential forums of its type in the world.

In December, 18 Forum Lane was bestowed the 2017 Governor’s Award for Design and Construction Excellence in the commercial/hospitality category. The biannual, local award is presented by the Office of Her Excellency the Governor of the Cayman Islands in liaison with the Cayman Society of Architects, Surveyors and Engineers and the Cayman Contractors Association. Recognised for its environmental sustainability, the building has also been awarded with a Gold Certification from the U.S. Green Building Council for attaining a LEED (Leadership in Energy and Environmental Design) and is the first mixed-use commercial building in the Cayman Islands to reach this standard.

Its sister building, One Nexus Way, is also on track to receive LEED Gold certification, having opened its doors in late 2017, ready to welcome business leaders in financial services.