DESAVARY UPDATES GRENADA ON HIS PROJECTS

St. George, May 5, 2008 -- Developer, Peter DeSavary, has reiterated that there are currently no plans to build cottages along the Lagoon Road in St. George.

An apparently exasperated DeSavary is displeased that there continues to be a contingency hell bent on sullying his achievements to date in Grenada and focusing on something that he really can't expand on right now.  

A spokesman for the DeSavary Group explained that there may well be a time when the Lagoon side development will not occur; then again there may be a necessity for some light development of a maritime nature; but it does very much depend on the progress of the current development overall, Any thought of building along the Lagoon are -- at present -- at the bottom of the list of the works in progress. They currently have no plans, architectural or otherwise for that site.

Camper and Nicholson, which recently purchased the marine side of the development announced in April that they own the land and are in possession of reclamation rights along the waterfront and could possibly conduct marina-related development in that area.  The DeSavary Group maintains that any such development, if it occurs, would be under the arm of Camper and Nicholsons with DeSavary's oversight as the Master Developer.  Resident Director of the DeSavary Group has promised that they are all aware of the concerns, and that whatever happens will be done sensibly and correctly with the involvement of all.

Click here to listen to Monday's media conference (00Hrs:59Min:54Sec)