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Fairmont Heritage Place at Zimbali is IFA Hotels & Resorts’s first Private Residence Club in South Africa. It is located within the multi-award-winning Zimbali Coastal Resort on the north coast of KwaZulu-Natal, a mere 45km north of Durban. Fairmont Heritage Place will consist of 18 luxurious, fully furnished homes within the grounds of the Fairmont Zimbali Hotel & Resort, and will be situated on a sweeping section of ocean-front land. Designed to provide a tranquil lifestyle that is in harmony with the environment, the architecture of the residences is ideally suited to the sultry KZN climate. All homes feature broad roof overhangs, large verandas and sundecks that blend the outdoors with the indoors. Each has been carefully positioned to maximise space, privacy and views of the beach and ocean. Residences range in size from large 566m² four-bedroom villas to spacious 316m² two-bedroom townhouses. All homes have comfortable terraces and private plunge pools, stunning open-plan living spaces and state-of-the-art kitchens. Units are priced from R750 000 for a 1/13th share in a two-bedroom residence, to R1.3-million for a 1/13th share in a family-size four-bedroom villa. The concepts of fractional ownership and Private Residence Clubs are becoming increasingly popular with investors. Private Residence Clubs are positioned at the pinnacle of the fractional-ownership market, representing the highest level of luxury and quality in resort accommodation available in the world. These five-star clubs offer prime locations, extraordinary architecture and design, high-calibre finishes and furnishings, a wide range of leisure facilities, on-site restaurants, health spas and 24-hour concierge services, amongst other exclusive luxuries. They also enable discerning buyers to experience the benefits of owning and enjoying a world-class resort residence at a fraction of the cost of whole ownership. Additionally, the equity held by a fractional owner constitutes a secure, transferable and potentially appreciating investment in perpetuity. In the case of Fairmont Heritage Place, each owner’s rights are secured via a 1/13th share in a share-block company which owns the shareholders’ holiday home of choice. Use of the residences is managed through Fairmont’s innovative reservation system which is designed to facilitate owners’ preferences equitably, as well as to allow for last-minute bookings and exciting exchange opportunities. Piaras Moriarty, vice-president of vacation ownership at IFA Hotels & Resorts, says: ‘Zimbali Coastal Resort is already a place where families come to spend quality time. ‘The introduction of Fairmont Heritage Place at Zimbali adds not only a smart investment option for those seeking access to an international second home (or for those with limited time to spend in South Africa each year), but also a property investment with longevity that can be passed down from generation to generation.’ Colleague Andreas Wassenaar, vice-president of sales and marketing for Africa and the Indian Ocean at IFA Hotels & Resorts, predicts that Fairmont Heritage Place, Zimbali is certain to become one of the most exclusive Private Residence Clubs in South Africa, providing owners with special privileges and reciprocal use of other Fairmont Heritage Place communities, Fairmont and Raffles Hotels and Resorts in some of the world’s most beautiful and desirable locations. Other privileges include discounts at all Fairmont Hotels and Resorts; automatic entry into the ultra-exclusive by-invitation-only Fairmont President’s Circle; Fairmont Zimbali hotel amenity-use privileges, and services such as transportation, personal shopping and professional childcare. The notion of owning a share in a Fairmont Heritage Place property at Zimbali provides a strong sense of ownership and a place of belonging. And owners enjoy all of the services and amenities of a five-star hotel while in residence. ‘In addition to all the benefits of owning a spectacular second home in South Africa,’ says Vaughn Reiche, a sales director at IFA Estates – Zimbali, ‘Fairmont Heritage Place, Zimbali allows owners to purchase an interest in rands that will provide privileged access to other Fairmont destinations across the rest of Africa and around the world – all without the currency hassles of making an international property purchase.’ Owners are entitled to 21 days’ pre-booked use of their home, as well as additional last-minute time to be booked within 60 days of the required usage time. This flexibility is unique to the Fairmont Heritage Place brand and means that an owner could have access to the destination well in excess of four weeks per annum, subject to availability and the booking procedures. Two of the weeks may be exchanged for time at another Fairmont Heritage Place community anywhere in the world, and one week may be exchanged at another Fairmont or Raffles Hotel around the world. The Fairmont Zimbali investment opportunities consist of three separate elements, namely: Fairmont-managed residences, which include signature beachfront villas, hillside villas, apartments and golf chalets; Fairmont Zimbali hotel condo suites which offer a five per cent guaranteed yield for three years; and the Fairmont Heritage Place, Zimbali Private Residence Club. The combined value of the development of the Fairmont Zimbali hotel and resort is in excess of R1.8-billion, and the development is expected to be completed by mid-2009. Fairmont Heritage Place, Zimbali offers its residents all the benefits of staying in a five-star hotel. Which other vacation opportunity offers holidaymakers extras such as a butler and room service; professional childcare and a kids’ club, a private beach club, private swimming pools, access to world-class hotel restaurants, a gym, a business centre and an ultra-exclusive spa (the Willow Stream Spa)? In addition, owners will enjoy access to two championship golf courses – the newest of which will be the Zimbali Gary Player Signature Golf Course, Country Club and golf academy with a state-of-the-art driving range. Other facilities at Zimbali which Fairmont Heritage Place owners will have access to include tennis courts, squash courts, a bowling green and the Valley of the Pools recreational area and swimming pools. It’s clear that ownership at Fairmont Heritage Place, Zimbali represents much more than access to a superb vacation home, and an excellent property investment. Owners will be treated as VIP guests at one of the world’s finest resorts while holding the key to a world of exclusive and privileged vacation opportunities.

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