New realtor Provenance Properties of Cayman has launched as an affiliate of luxury real estate network Christie’s International Real Estate, a subsidiary of Christie’s auction house.
Provenance Properties will market and sell residences developed by its parent company Dart Realty, beginning with the condominiums at the Kimpton Resort on Seven Mile Beach and at a later stage the residences at Camana Bay.
The US$200 million Kimpton resort development on Seven Mile Beach consists of two 10-story buildings, one for a 265-room hotel and one containing 61 condos, as well as six beachfront bungalows. The planned opening date for the hotel is late 2016.
In May, Dart submitted a planning application for more than 100 townhouses and condominiums at Camana Bay adjacent to the amenities of the Town Center. A time line for construction and sale of the homes has yet to be determined.
Provenance will also feature other parts of Cayman’s luxury real estate market and accept third-party listings for properties valued at more than $1 million.
Jackie Doak, chief operating officer of Dart Realty, leads the real estate company that will initially operate out of the Discovery Centre at Camana Bay.
“We are proud to align ourselves with such an illustrious organization as Christie’s International Real Estate and further raise global awareness of Cayman’s most desirable real estate products,” said Ms. Doak.
Christie’s launched its real estate venture in 1995 by applying an international network of brokers to the marketing of high-end properties.
Rick Moeser, Southeast, Caribbean and Latin America regional manager of Christie’s International Real Estate, said, “With a deep-seated history and an expansive knowledge of the intricacies of luxury real estate in one of the most sought-after destinations in the world, Provenance Properties of Cayman Ltd. offers world-class specialized customer service and a distinguished position as one of the most compelling entities in the region. Provenance Properties is certainly an invaluable addition to our global network.”
Provenance Properties said it aims to connect buyers with individual properties that have a story to tell, both in terms of Cayman’s history and the vision of the people who conceived and built them.
“We look forward to building strong relationships with Cayman’s network of real estate professionals and partnering with them to showcase the extraordinary opportunities Cayman offers discerning buyers,” Ms. Doak said.