Dolphin Capital Investors targets investments in master-planned leisure-integrated residential resort developments primarily in south-east Europe.  These will be premium branded residential resorts, positioned at the high end of the hotel and real estate markets, strategically targeting holiday and retirement home buyers from northern Europe (mainly Germany, United Kingdom, Scandinavia), Russia and the Middle East and, more opportunistically, wealthy local buyers.  Indicative investment criteria include the:

• Composition of residential units (villas, townhouses, apartments).
• Inclusion of one or more leisure components, such as hotel, golf course, country club, spa facility, marina or other sport facilities.
• Location by (or very close to) the sea within an attractive natural landscape and within driving distance from an airport.
• Offering of comprehensive community services such as security, maintenance, health services, facilities and property management.

Demand from northern Europe for properties in residential resorts has been exceptionally strong in Spain and Portugal (south-west Europe) over the past decade and has recently begun to shift to the less developed region of south-east Europe. While such demand is expected to grow further over the next five years, the supply of quality residential resorts in south-east Europe remains very limited.

DCI adopts a low-risk investment strategy by acquiring land sites at prices which offer a deep discount to south-west Europe and which typically fall below their respective retail market value.  The risk profile of DCI’s investments is further minimised by:

• the use of low bank debt,
• the majority of each project’s costs being financed by the pre-sales of residential units, and
• the exit of each investment being assumed on a self-liquidating portfolio (sale of a project’s residential units) with no profit attached to the leisure components. 

DCI network of strategic partners comprises world class operators, designers and marketers for each residential resort component such hotel, golf, spa, marina, shared ownership and freehold real estate.