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Risk Mitigation

 

What are the key risks and how are they mitigated?

 

Political

Political

Cape Verde is politically stable with sound democratic institutions and a strong legal framework based on Portuguese law. The government has consistently encouraged foreign investment and fostered a dynamic business environment.
Land Availability

Land Availability

A significant risk for any developer is the availability of land. TRG is no longer exposed to site acquisition risks because it has already acquired (on a freehold or option basis) the land required for all of its planned projects.
Planning

Planning

There is negligible planning risk because TRG has secured outline planning consents for future projects. It provides significantly more detail than required to reduce the work involved in moving from outline to detailed consent.
Pre-Sales Funding

Pre-Sales Funding

This risk is mitigated by TRG’s significant focus on diversified routes to market and in its strong relationships with third party agents and introducers, both in the UK and internationally.
Operational

Operational

TRG manages the risks associated with construction, occupancy and operating costs by negotiating contracts with strategic partners that are subject to performance standards. The Group employs experienced industry professionals to oversee the output of chosen partners.
Currency

Currency

TRG considers currency risk to be very low. Its activities are based predominantly in euros with some costs in Cape Verdean escudos, which are pegged to the euro.
Competition

Competition

Leading tour operators are confident of the country’s future. Cape Verde has a number of unique attractions including its climate, political stability, and its growing popularity with tourists.
Concentration

Concentration

Although TRG’s existing property portfolio is located in Cape Verde, it will soon achieve further diversification through a presence on multiple islands, with further aspirations to spread into European holiday destinations.
Regulation

Regulation

TRG’s legal team closely monitors, as much as possible, proposed changes in regulation, to ensure that the Group is involved in key decisions regarding the mitigation of those proposed changes. In Cape Verde, TRG is one of the largest tax generators in the country. The Group benefits from a strong relationship with government authorities, which ensures it is involved in key decisions regarding potential regulatory changes.

Contact Us

 

Suite 4, The Boot Factory
Cleveland Road 
Wolverhampton
WV2 1BH

info@resortgroupglobal.com
Phone:+44 (0) 1902 875395