NCB to build new house for senior who lost home in fire

Posted on November 6, 2023November 6, 2023 by michelle

This article first appeared in the Cayman Compass.

A charred and weathered family bible was all that Marva Bodden salvaged from the fire that destroyed her home in George Town.

On a warm morning this week, she leafed through the tattered pages to find a favourite quote.

“The Lord himself goes before you and will be with you; he will never leave you nor forsake you. Do not be afraid; do not be discouraged.”

In the three years since the fire, the 79-year-old has been through some trying times.

She was initially homeless, staying on the sofas of family members at a time when fear of COVID-19 was rife throughout the community.

Now she lives in a cramped but comfortable converted shipping container in the yard of the fire-ruined property on Diaz Lane.

Through those times, she says, she never gave up hope.

And as construction workers marked out the red outline of a planned new home in the dusty ground where the old buildings once stood, she was able to see her faith begin to be vindicated.

Rebuilding

Charity Acts of Random Kindness has coordinated a group of community donors and volunteers and raised funds to begin building a new ‘tiny home’ on the site.

It is the second full-build project for ARK, which helps renovate unsafe housing for the most vulnerable in the community.

There’s a long way to go, but once the project is complete, Bodden will have a new house, painted white with pink trim, funded and built by the Cayman community.

“I just feel joy,” she said, as she watched preliminary work begin on the land where she has lived since she was a child.

Additions and repairs had been made over the years, but the original structure, built by her father in the 1930s, had stayed in place till the fire in 2020.

“I lived here all my life,” she said recently, recalling a sandy road, with periwinkles blossoming in the verges, that ran down to the sea, by Mr. Arthur’s shop.

“That’s where we learned to swim – the big children used to throw us in and say ‘swim or drown’,” she laughed.

“I just love it here. I can’t even begin to tell you how much it has changed.”

Even now, she still manages to swim at the same spot every few weeks.

“This is where all her memories are of her family, her children, her grandchildren,” said Tara Nielsen, of ARK, whose Cayman CASA project focuses on helping people hold on to their family land and rebuild homes where they have roots.

“She’s just woven into this community here like the trees and the periwinkles,” said Nielsen. “That’s why it was so vitally important for us to rebuild right here.”

Fire destroyed almost everything

Bodden was sitting with her 2-year-old grandchild in the home, when the fire broke out. She lost everything in the blaze – all her clothes, her belongings and treasured family photo albums.

Just the bible, handed down from her mother, survived.

“I came back the next day and this were lying on the floor, not got a burn on it. I wiped it off and put it in the sun for a couple of days and it’s fine,” she said of the bible, which she keeps on her bedside stand.

ARK plans to use the same basic design as its last tiny home – a strategy which will allow for expedited planning approval.

The project is being sponsored by 1503 Property Group, NCB Group, ARTEX and ARCO architectural firm as well as donations from NCB Group’s construction partners.

Workers from NCB Group were onsite last week to remove the foundations of the old home and mark out the perimeter of the new project. The tiny homes – which ARK hopes can eventually be used all over Cayman for families in need – are pre-designed and quick to build, meaning Bodden could be in her new home within just a few months.

“We are praying to get her in by Christmas,” said Nielsen.

Matthew Wight, Managing Director at NCB Group, said its multiple businesses and industry partnerships would help keep costs low.

“We are so proud to partner with ARK to build a safe and comfortable home for Miss Marva,” he said.

“Our aim is to build as much of Miss Marva’s Tiny Home as possible through the donation of materials and equipment, volunteer hours and the support of our valued partners, to save ARK’s funding for the next worthwhile project.”

Construction Challenges Continue to Improve Slowly

Posted on September 6, 2023September 6, 2023 by michelle

Demand for real estate remains at an all-time high in the Cayman Islands. But with the global impacts on material availability, prices and schedules, you might be cautious of pre-construction sales or new builds. The good news is that while developers, architects and construction operators still face some challenges impacting historical projects, overall, the situation is improving, with prices and lead times reducing.

We sat down with NCB Group experts Matthew Wight, Managing Director, Justin Matheson, Construction Operations Manager, and Barry Burgon, Logistics Coordinator, to get their insights on inflation, resource demand, and how to navigate the current landscape.

The global context

Over the past few years, average shipping costs have become increasingly volatile, leading to complications with budget forecasting. The coronavirus and the war in Ukraine have had a significant impact, causing supply chain woes and fluctuations in transportation rates.

Not only has the industry experienced shipping delays and rising prices, but its manufacturing lead times have also expanded due to heightened global demand. NCB Group leaders explain that appliances, for example, previously had a lead time of six weeks that has now extended to more than nine months.

“The world has seen the price of goods skyrocket and their availability diminish. In our island location where resources are finite, and import is essential, developers and contractors have relied heavily on Eastern Europe for quality, cost-effective materials,” Construction Operations Manager Justin Matheson explains.

Developers, construction firms, and architects are now building in more time to acquire project materials, having learned to manage these challenges more adeptly.

“NCB Group’s logistics and operations teams have paid great attention to the recent impacts on importation, subsequently improving procedures and refocusing our shipping programming. Another step to encourage better budget management has been building relationships with suppliers directly, bypassing distributors to keep costs down and account for market fluctuations,” Logistics Coordinator Barry Burgon says.

While the situation has vastly improved, last year’s price rises and material delays with limited or no notice have left local construction companies to deal with the compounding costs incurred by government agencies for labour, storage, and equipment fees.

“As a developer with fixed-priced contracts and an ethical framework, we bear the unexpected cost increases, although many other organisations do not. While we are mindful of the price fluctuations, unfortunately, we have little to no control over delays caused by supply chain issues,” Managing Director Matthew Wight shares.

What can you do?

We advise buyers and investors considering a pre-construction purchase or new build to research current market influences and prices to make an informed decision.

“While it’s something we at NCB Group managed to avoid throughout the recent global disruptions, some businesses have needed to implement contractual protective measures for their ongoing projects. Recently, our main concern has been that quote windows for materials have become shorter due to the pricing volatility, impacting project progress and budget forecasting from the early planning stages,” Matthew says.

It’s also prudent to choose your developer or contractor carefully. One benefit of working with the NCB Group is that the developer absorbs any price increases, providing peace of mind that your contract will remain unchanged no matter what happens in the market.

Learn more about one of our latest residential developments that recently broke ground.

NCB Group and RAM Property Group break ground for WAVES

Posted on August 23, 2023August 23, 2023 by michelle

Building works have commenced for 16 luxury oceanfront residences, brought to market by NCB Group and RAM Property Group, and designed by John Doak Architecture.

NCB Group President Naul Bodden and Managing Director Matthew Wight, joined by the group’s construction project leaders, recently broke ground for the cleared site.

Located along Cayman’s northwest coastline, between Cobalt Coast Resort and Ocean Pointe Villas, market demand has been proven for the boutique community, which has now reached 80% sold and is scheduled for completion in 2025.

The residences mark another milestone in NCB Group’s progress towards the long-term sustainable development of the Cayman Islands. WAVES is among NCB Group’s five active projects, including Kailani Grand Cayman, a Curio Collection by Hilton Hotel, which features eco-conscious, energy-efficient design elements integrated as standard.

In celebrating the start of construction, Naul described the resort-style residential project as another NCB Group community of distinction.

“After six weeks of site clearing works, we are delighted to mark the start of construction for WAVES,” Naul said. “This development is one of four residential projects currently underway for the group, with our exciting new North West Point neighbourhood, SunDance, recently announced.”

Following local and international buyer interest, inventory at WAVES is now limited, with only three three-bedroom, one-to-three-storey units still available for purchase.

“Cayman real estate is still proving to be a lucrative option for both savvy investors and first-time buyers, particularly when securing property pre-construction,” Naul remarked. “We’re seeing more owners than ever getting in at the ground level and making an average of 40% appreciation on their investment over two to three years.”

If you want to explore investment opportunities at WAVES, contact Tania Knapik to learn more.

Visit the WAVES website.

NCB Construction Apprenticeship: A year that’s changed my life

Posted on December 6, 2022December 9, 2022 by michelle

As the local construction and development sector continues to grow as the third pillar of Cayman’s economy, NCB Group remains committed to providing opportunities for Caymanian students to take purposeful steps towards rewarding careers.

2021 saw NCB Construction revamp its apprenticeship programme to provide students with two years of invaluable hands-on work experience. Guided by a team of industry experts, the entry-level participants develop their skillsets and gain real-world exposure to help them advance within the field.

Michael Slater, NCB Construction’s first student under the new programme, has operated as a Project Coordinator Apprentice within the OLEA Construction team since August 2021.

From the inspiration behind his career change to his biggest lessons learned, Michael reflects on his own experience within the programme and why Caymanians should be considering a career in construction.

What drew you to the Project Coordinator Apprenticeship?

A Project Coordinator is a diverse role, with wide-reaching responsibilities and requires attention to detail, communication skills and, most importantly, the ability to operate within a team to deliver the high level of quality for which NCB Construction is renowned.

I was approached by NCB and encouraged to make an application. After some time already spent considering a change in career, I knew I could offer the right personal, professional and technical qualities they were looking for in a candidate.

What was your background prior to the Apprenticeship Programme?

Ahead of my transition into the construction industry, I had been working within the tourism and hospitality sector which suffered greatly following Covid-19 and the closure of our borders.

During time spent exploring different avenues, it became clear that despite the knock on effects of the pandemic, construction and development continued as one of the fastest growing industries in Cayman. I knew it was important to make this decision with career longevity in mind.

What are your key takeaways from your first year as an NCB Construction apprentice?

Since the beginning of the apprenticeship, I’ve been posted within the OLEA team and assigned key responsibilities to help streamline the project’s operations. From billing to managing relationships with vendors and subcontractors, I’ve received more on-the-job exposure than I had ever expected in these early stages of my journey.

I am really enjoying working so closely with different teams and departments. The support is outstanding which has boosted my confidence; everyone is eager to assist and offer feedback which is helping me master the responsibilities of the Project Coordinator role.

On the job, and through my colleagues, I have learned that while it’s essential to plan and be organised, you must prepare to be flexible and adapt to the ever-changing environment within this fast-paced industry.

What is the most valuable lesson you’ve learned so far?

As much as our team tries to factor in every possible consideration and provide ourselves with strong contingency plans, not everything goes according to schedule.

Our work here in Cayman can be affected by so many different global and environmental factors – patience and perseverance come in handy!

What do you like about working for NCB Group?  

NCB Group puts a strong focus on investing in all their employees, not just those within the Apprenticeship Programme.

The leadership team consistently looks ahead to evolving industry trends and makes advances within the sector by investing in its people, tools, and technology. This is why NCB Group is a leader in Cayman’s development industry.

Why would you encourage other Caymanians to consider careers in the construction and development industry?

The construction and development industry in Cayman continues to grow and brings with it various opportunities for Caymanians.

As there is such diversity in the range of roles within the industry, alongside world-class training programmes to get up to speed, career starters may be surprised by how easily they can find their place in construction in Cayman.

From experience, the industry is nothing short of rewarding, challenging and exciting. Learning in an industry like construction gives you the opportunity to be ‘hands on’ with the tangible growth of the place we call home. I’d encourage anyone interested in pursuing a career in this field to complete due diligence and make sure they align with an organisation, like NCB, that prioritises the sustainable development of the Cayman Islands.

Cayman’s residential property market reaps rewards for international investors

Posted on November 16, 2022December 12, 2022 by michelle

Attracting the attention of a global audience, the Cayman Islands is a truly unique real estate product, combining an island lifestyle with the diverse needs of the modern property investor.

One of NCB Group’s latest residential development WAVES, a joint venture between the leading Cayman Islands developer and RAM Property Group, is already making waves in the real estate market, capturing the best of island living and creating a lucrative investment opportunity for overseas buyers.

NCB Group’s Sales and Marketing Manager, Tania Knapik, shares insight into the local market and what makes the Cayman Islands a great place to put down roots.

What sets the Cayman Islands’ real estate market apart from other jurisdictions in the Caribbean region and beyond?

Like much of the Caribbean, the Cayman Islands offers an enticing lifestyle with a year-round tropical climate, white sandy beaches, and crystal-clear waters that developments like WAVES have been designed to make the most of. The new luxury boutique community boasts panoramic views of the Caribbean Sea from all 16 of its residences, as well as open plan layouts with lots of natural light and private outdoor spaces overlooking one of the most picturesque shorelines of Grand Cayman.

What sets the Cayman Islands apart in the region—and the world—however, is its friendly and accommodating approach to foreign investment in real estate. Unlike many jurisdictions that are adding more red tape for non-resident property buyers, the Cayman Islands has a simple and streamlined purchasing process for international investors that also allows for residency through property ownership, meaning you can easily make WAVES your primary or second home.

Why are investors so attracted to the Cayman Islands real estate market?

Cayman’s tax-neutral status means, in addition to zero corporate, capital gains, income or inheritance tax, there is also no annual tax on property once you have paid the Cayman Islands Government’s one-time Stamp Duty fee of 7.5% on the market value of the property.

Many foreign owners also take advantage of Cayman’s residency through investment programme, which provides a comprehensive pathway to Permanent Residency or British Overseas Territory citizenship by way of investment in real estate starting from only CI$1 million.

Add in Cayman’s robust infrastructure, a stable government, and economy—thanks to thriving financial and tourism sectors—world-class healthcare and schooling, and easy access to the rest of the world with direct flights from major cities across the US, Canada and the UK, and Cayman makes for an incredibly attractive place to live or own property.

How has the Islands’ real estate market faired since the pandemic?

Cayman’s real estate market has continued to thrive as many international investors look for a safe harbour to place their roots. Even during the island-wide lockdown in 2021, real estate prices did not decline and the local market saw over $ 1.43 billion in sales that year.

In 2022, we are experiencing a record-low in available inventory and record-highs in new development, as the country tries to keep up with the supply and demand of a population that has grown at a rate of 2.4% over the last decade to more than 71,000 people, according to the 2021 Census released this summer.

With a mantra of “building with Cayman’s future in mind”, NCB continues to develop a diverse range of residential communities to meet the needs of our islands’ growing population, from oceanfront communities like WAVES, which embraces the laid-back lifestyle that Grand Cayman’s north-west point is renowned for, to family-friendly sub-divisions such as Auburn Bay and Sunrise Landing.

What makes Cayman a great place to own a home?

The ‘Cayman-kind’ spirit has attracted a melting pot of diverse cultures to the islands; people who are searching for the quintessential Caribbean lifestyle alongside modern conveniences, utilities and telecommunications.

WAVES has been designed to meet all the needs of the modern homeowner or renter, combining all the best parts of Cayman Islands living. The development boasts a resort-style pool, shady cabanas and its own private beach with diving and snorkelling sites located just offshore. Private patios and roof terraces are perfect for relaxing with a good book or entertaining al fresco, while the revered shopping and dining of Seven Mile Beach and lively waterfront town of Camana Bay are just a short drive away.

What is the rental market like? Are there opportunities to create income-producing property?

Globally, the demand for short-term rentals continues to grow, with the industry’s market value increasing by 22.76% from 2020 to 2021 as more travellers look for private spaces away from congested tourist areas and larger hotel resorts, and remote work becomes a more viable and prominent feature of modern working life.

It’s a relatively new sector in the local real estate market, but for investors looking to earn a solid return it is a lucrative option with an average ROI of 10%, which compares favourably with alternative investment strategies.

For those seeking the certainty of a regular income and the convenience of an annual rental contract, long-term rentals are also a sound investment especially as the islands’ population continues to grow.

WAVES has eight one-storey, three-bedroom condos and eight three-storey, three-bedroom plus den townhomes to choose from so that you can pick a floorplan that suits your investment objectives, while meeting all the needs of the modern tenant from high-end appliances, fixtures and finishings to en-suite bathrooms, walk-in closets and onsite fitness facilities.

Why are more people looking to purchase pre-construction residential properties?

The strength of the Cayman’s housing market continues to make pre-construction homes a popular choice for property buyers. For example, NCB developments typically see a 36% to 43% return on investment just a few short years after purchase, thanks in dual part to the demand for Cayman Islands real estate and the quality construction NCB has become known for.

Pre-construction developments are also very easy to manage from afar, as the developer takes on the entire project from build to completion, making them an attractive option for overseas buyers. And with property prices on the up and up there is huge potential for capital growth when you get in at the ground-level.

If you want to explore investment opportunities at WAVES, contact Tania Knapik to learn more.

Visit the WAVES website.

NCB Group lays the foundation for a community full of life

Posted on August 17, 2022September 1, 2022 by michelle

Celebrating its 20-year anniversary in 2021, over the last two decades NCB Group has become renowned for its thoughtfully designed, sustainably minded residential communities that bring people together and enhance overall wellbeing.

From building Cayman’s first lazy river at OLEA to incorporating canal front promenades into the design plans of SOLARA, the signature amenities of every NCB development have been purposefully designed to connect residents to the beautiful, natural environment we call home, and to each other.

This drive to enhance and enrich the lives of the people who make its communities their home can be seen throughout the development plans for Auburn Bay, NCB’s newest waterfront neighbourhood in Red Bay.

Here are 5 benefits of community living, that truly come to life at Auburn Bay.

1. A greater sense of social connection

The pandemic was a time when everyone rallied together, and when gated communities and neighbourhoods gained precedence for home buyers as people craved the support and company of others.

As life now returns to normal, there continues to be a focus on ‘community’ when searching for property, with “being in close proximity to family/friends” and “walkability to neighbourhood amenities” remaining an important factor for home buyers.

With a variety of waterfront lots available for purchase, and developer-designed condos and duplexes in the development plans, Auburn Bay offers a diversity of options for those looking to embrace community-living, at a range of price points.

At the heart of the neighbourhood, a community pool and children’s playground create opportunities to foster connection, and canal access to the North Sound means weekends on the water with family and friends can be a regular event.

2. An increased sense of security

Today’s property buyers are seeking a safe and secure haven; where families are nurtured, individuals can thrive, and where safety is prioritised but there is still a sense of freedom.

Gated communities, such as Auburn Bay, provide their residents with an increased level of privacy and help to control access to the neighbourhood, so that they can enjoy their home and surroundings freely.

Add in the convenience of an around-the-clock property management team that handles all grounds maintenance, residents can rest easy knowing their neighbourhood is well looked after.

3. Opportunities for a more physical lifestyle

With health and wellbeing a renewed priority for many, developers globally are designing communities with amenities and facilities that, while fostering a sense of community, also encourage an active lifestyle.

Regular exercise has long been proven to have many health benefits, both physically and mentally, and NCB has always endeavoured to incorporate community amenities that cater to residents’ wellbeing into its residential developments as standard.

For example, Auburn Bay features a communal gym, sports court, community pool and natural running paths so that residents can easily maintain healthy habits within their own grounds. Additionally, a network of canals, lakes and a large bay are perfect for exploring by kayak or paddleboard, and have direct access to the North Sound for sailing and motorboating.

4. A connection with nature

Humankind has always had an instinctive need to commune with nature, and the concept of ‘space’ generally has gained new importance for homeowners in recent years—not only in the context of home, but also common garden and recreational areas.

Proximity to the natural environment also offers numerous health benefits, stretching from improved mental wellness to boosted immune function, but today’s fast-paced lifestyle and tendency for developers to try to maximize buildable land means communal spaces in many new developments can be few and far between.

With the surrounding natural environment a key attribute of Auburn Bay, this community, on the other hand, incorporates ample green space and plenty of amenities for recreation, exercise or just calm contemplation, that will fulfil the need for ‘space’ that people are prioritising post-pandemic.

5. Improved Overall Wellbeing

Communities like Auburn Bay give their residents the opportunity to return their focus to the things in life that are truly important to them – the health, happiness and wellbeing of themselves and their loved ones.

Providing a quiet escape from the hustle and bustle of every day, Auburn Bay is just a stone’s throw away from the shops, restaurants, and amenities of Grand Harbour, providing a convenient lifestyle for those who reside there.

While the meaning of ‘home’ will always be unique to every individual, making memories at home is easier, and richer, when this extends beyond your own four walls. In this way, Auburn Bay truly exemplifies the concept of community-living at its finest.

Interested in learning more about Auburn Bay? Contact Sales and Marketing Manager, Tania Knapik, to explore available waterfront lots and other investment opportunities.

NCB Group Shares its Vision for a Sustainable Future

Posted on June 28, 2022June 30, 2022 by michelle

With a mission to build with Cayman’s future in mind, sustainability serves as a guiding principle for every NCB Group project.

With 10 business lines holistically integrated into its full-service construction and development offering, including a dedicated Renewable Energy & Sustainability division, NCB Group’s teams of in-house experts play an integral role in helping the real estate developer and service provider stay at the forefront of sustainable innovation.

On World Environment Day, Candice Bahadur, Senior Manager – Design, Development & Client Relations, Steve Schiffbauer, Sustainability & Design Manager, and John Van Ryswyk, Geothermal Technician, sat down to discuss how each of their divisions is contributing to NCB’s vision for a more sustainable future.

Why is sustainability important to NCB Group?

Candice: Growth is an important part of any community, but at NCB we are cognisant of the impact every new development has on our islands, and we want to make it as easy as possible for the property’s future residents to reduce their energy consumption and reliance on fossil fuels, through sustainable design.

John: Taking this same approach for NCB’s Plumbing and Geothermal Cooling divisions, we can now give clients the opportunity to consider their environmental impact when building a new home, or correct any inefficiencies in existing buildings that may have been overlooked or not viable previously, thanks to our more energy-efficient systems and holistic approach to installation and maintenance.

Steve: Part of what we do as NCB’s dedicated Renewable Energy & Sustainability group is work with both in-house teams and external clients to develop, initiate and monitor successful sustainable development plans to help minimise our impact on the environment, and create a better future for tomorrow.

Without considering the effects of your new build or property in today’s world, not only is your project unlikely to stand the test of time but you’re using unnecessary, energy-intensive building materials that contribute to a significant portion of our islands’ CO2 emissions.

How does NCB Group approach sustainable development?

Steve: NCB takes a holistic approach to sustainable development. We’re not just adding solar panels to a project, we’re considering how the landscaping can help to naturally cool the building, where we can create natural breezeways, and how we can incorporate renewable energy and alternative energy sources into the design, among other things.

Candice: Throughout our design and development processes, we also have steps in place to ensure that our builds protect and highlight Cayman’s beautiful natural environment. For example, taking the existing native plants on a site and preserving them at our East End farm until they are ready for replanting or adding turtle-friendly lighting to our waterfront properties to keep the local wildlife safe.

John: We aim to work with, not against, the natural environment when it comes to our developments. For example, our geothermal systems use the islands’ natural resources to provide energy-efficient cooling for an entire property. Plus, geothermal systems have triple the lifespan of conventional cooling units, which helps to reduce waste.

How has NCB Group already achieved its vision for sustainability? What else is on the horizon?

Candice: NCB is responsible for some of the most innovative projects on the island. We’ve built Grand Cayman’s most energy-efficient commercial space, Cayman Technology Centre, as well as many of the islands’ eco-friendly luxury communities, including OLEA and TIDES; several of which have been awarded for their sustainability. Looking ahead, we are working in partnership with Hilton Hotels’ Curio Collection by Hilton to bring a new luxury sustainable tourism product to Cayman, Kailani, which is on track to open in 2023.

John: Our Geothermal Cooling & Servicing offering, GeoCayman, has installed over 100 geothermal cooling systems to date across local commercial and residential properties. Our aim is to continue to install or replace outdated conventional cooling systems with a more sustainable option in as many homes and offices as possible.

How do homeowners and tenants benefit from the sustainability features of NCB Group developments?

Steve: Energy-saving features such as solar panels and geothermal cooling systems are a staple across most NCB developments, so many of their residents enjoy little to no utility bills. For example, residents at SOLARA pay next to nothing on their electricity bills on a monthly basis, thanks to the solar arrays installed on the roof of every unit.

Candice: This, combined with ICF construction and other sustainable building materials, LED lighting, energy-efficient appliances, as well as built-in communal spaces that embrace an eco-conscious lifestyle, like community herb gardens, gyms and yoga pavilions, outdoor entertaining areas, and recycling stations, means residents can truly live sustainably.

What are your division’s sustainability goals for the next 5 to 10 years? How are you working to achieve this?

John: Our team is excited to play a significant role in the advancement of geothermal technology. By working directly with the manufacturers, we are a part of the continuous innovation of these systems to ensure we provide the greenest, most environmentally friendly product to Cayman.

Candice: As a company, we have always focused on supporting our community and developing the next generation of sustainably-minded talent. We have recently revamped our Apprenticeship Programme and welcomed two promising candidates onto our Construction team for two years of first-hand experience with our experts.

Steve: This year, we also launched the NCB Green Team, a group of volunteers working to integrate our Action Plan for Sustainability and create eco-friendly habits across our offices. They have already coordinated our participation in the annual Earth Day Clean-Up and launched an initiative that works with local artists to brighten up our spaces and highlight their work.

Candice: NCB takes a very collaborative approach to sustainability, not only across the company but also with our project partners, suppliers, and other stakeholders. One of our goals is to continue to work with other like-minded, Caymanian-owned businesses to make a positive difference in our community and create developments that have longevity, thanks to their sustainable nature.

Interested in learning more about NCB Group’s approach to sustainability? Explore our eco-friendly luxury communities, discover how our sustainably-minded divisions can help you achieve your dreams or view current opportunities to join our team.

NCB Group and Hilton Reveal First Look at Kailani Guest Suites

Posted on May 12, 2022September 1, 2022 by michelle

NCB Group recently shared a look inside the model room for its award-winning boutique hotel, Kailani, a Curio Collection by Hilton Hotel, with visiting representatives from Hilton, the hotel partner on the local developer’s first hospitality venture.

Modelled off the business and wellness hotel’s Sea Grape suites, one of 13 room types available for purchase as part of its rental programme, the room has been designed with the future traveller in mind. Blending global inspirations and local influences with cutting-edge sustainable features and modern conveniences, every detail of the suite echoes the “bleisure” concept—the idea that business and leisure travel can co-exist—behind the hotel that is set to bring exceptional new experiences to future guests and value to owners.

“We were thrilled to welcome back some of our key project partners to the Cayman Islands, as we work together to bring a tourism product unlike any other to Grand Cayman,” said NCB Managing Director, Matthew Wight.

A signature trait of the Curio Collection by Hilton brand, every property within the collection has a distinct character and personality, appealing to the passionate traveller seeking local discovery through unique hotel experiences and blending authentically into its locale through its design and use of local materials.

The model room highlights some of the hotel suites’ key design features, including custom-designed wallpaper detailing a coconut’s husk and a credenza inspired by the artwork on Miss Lassie’s house, as well as live greenery ‘art’.

Nods to the Cayman Islands’ unique culture and natural beauty like these have been woven throughout the hotel’s interior design, a collaboration between NCB’s in-house design team and the Florida-based interior design firm, Marzipan, who were also on island for the reveal.

According to the Global Wellness Institute, the growing wellness tourism market is expected to reach US$1,127 billion in market size by 2025.

Coupled with modern architecture and smart, intuitive technology, the suites are set to exceed the needs of this new type of hotel guest who wants all the comforts of home, while away from home, thanks to built-in live-work spaces and add-ons like yoga mats in every room and a juice bar on-site.

“Even before the global pandemic influenced the way we travel, we were planning a hotel concept that appealed to a new wave of traveller – one who factors experience, carbon footprint and, most importantly, wellness into their accommodation choices,” explained Wight.

“As new travel trends start to emerge as part of our new normal, we can see that Kailani continues to be on track to offer everything the modern hotel guest is looking for.”

Renewable energy and energy efficient mechanical, electrical and plumbing elements have also been integrated throughout the entire hotel, and guest rooms will feature LED lighting, solar water heating and smart cooling functions which significantly lower the hotel’s reliance on the electrical grid. These capabilities form an important part of NCB’s ongoing mission for more sustainable development, as well as the Hilton’s environmental, social and governance strategy, Travel With Purpose.

Savvy investors can capitalise on this innovative hospitality project by buying into the hotel’s rental programme, which sees the hotel owner receiving 50% of the gross annual room rental—a projected net return on investment of over 10%—as well as a host of other owner benefits.

“Just before Cayman closed its borders in 2019, the number of stayover visitors reached 500,000 for the first time,” explained Tania Knapik, NCB Sales & Marketing Manager.

“With the return of tourism earlier this year, that figure is expected to grow as will, inevitably, the demand for hotel inventory and short term rental accommodation, presenting a lucrative opportunity for investors in Kailani compared to other more traditional investment strategies.”

With only 80 guest rooms available for purchase, the hotel is already 50% sold. To learn more about investing in Kailani, visit www.ncbgroup.ky/property/kailani or contact tknapik@ncbgroup.ky for more information.

NCB Group launches Action Plan for Sustainability

Posted on April 13, 2022June 28, 2022 by michelle

The Cayman Islands’ leading sustainable developer cements its commitment to sustainability by formalising internal environmental programmes.

Following NCB Group’s 20-year anniversary in 2021, the sustainably-minded developer is now planning for the next 20+ years, which includes bringing its founding mission for sustainability back to the core of the business with the launch of a new, green initiative.

Championed by a group of NCB volunteers, known as the Green Team, the internal initiative aims to build sustainable habits from the ground up by equipping the group’s more than 100 staff members with more of the tools and resources they need to foster daily actions inspired by the company’s eco-consciously minded approach to development.

Speaking with the Green Team volunteers, they share their excitement for the new Action Plan for Sustainability and outline how it fits in with NCB’s greater mission to “build with Cayman’s future in mind.”

What is the mission and purpose of the Action Plan for Sustainability?

From the get-go, NCB has sought to build properties that are not only beautiful to look at but also meet the needs of the Cayman community for many generations to come.

We have always worked to be at the forefront of sustainable development and construction practices, which has meant growing our team to include experts in renewable energy, geothermal cooling, and sustainability.

The Action Plan for Sustainability is an extension of these goals, and seeks to create a working culture that instinctively prioritises sustainability.

The Green Team is supporting this by putting initiatives in place to help educate and guide NCB employees on sustainable practices and introduce internal programmes that encourage eco-conscious habits throughout our offices.

Why did NCB decide to create a Green Team? How does the Green Team fit into NCB’s vision for Cayman’s future?

At NCB, we understand sustainable growth can only come from creating a long-term plan that reviews and addresses our lasting effect on the ecological, human, and economic environment.

The Green Team helps implement this plan across our 10 service lines to ensure we are collectively working towards the same goals.

What are some of the critical goals of the Action Plan? What are you currently working on?

Each quarter, the Action Plan will tackle a different aspect of sustainability that starts to lay the foundation for long-term internal initiatives that will make a tangible difference to our company’s environmental footprint.

To formally kick off the initiative, at the beginning of the year we launched a new monthly, internal newsletter that highlights opportunities to get involved in community happenings and provides resources on sustainability.

Now we are working on a series of projects that will help reinvigorate NCB’s working spaces through natural elements, such as inspiring art displays, dedicated green spaces, and bringing locally sourced food and beverages into our staff kitchens.

Still to come are internal composting and recycling programmes, as we seek to reduce the environmental impact created by our offices.

Finally, we will be working with representatives from across all NCB divisions to create clear sustainability metrics for our suppliers, to ensure their environmental, social, and economic impacts are aligned with our goals.

Why are you excited to be a part of the Green Team?

To be an active part of NCB’s mission to be a leader in sustainability for Cayman is a gratifying feeling.

NCB’s eco-conscious ethos sets us apart in the local industry, and we’re excited to work closely with our senior management team to develop and improve the company’s sustainable practices.

With everything we have planned, there are many opportunities for NCB employees to make a difference within our company and the wider community and we’re excited to see the results later this year.

If NCB’s sustainably-minded approach to business aligns with your mission to lead a greener lifestyle, learn more about how you can contract us to work on an upcoming project, invest in one of our sustainable developments or join our growing team of passionate people.

Greenlit | Kailani Focuses On Sustainability

Posted on January 27, 2022April 13, 2022 by michelle

This article first appeared on REAL LIFE.

The Cayman Islands’ first boutique business and wellness hotel, Kailani, has sustainability at its core, with features investors can feel good about in more ways than one.

Grand Cayman enjoys a lifestyle rare for a small island, with all the appeals of the tropics plus shopping, dining and thriving industries. NCB Group, a leading Cayman Islands developer, brings together the best of it all in Kailani, a wellness and business hotel that hugs the coastline between the central trading area of George Town and postcard-perfect Seven Mile Beach.

Sustainability is especially critical for island developments, and NCB Group is leading the charge to build environmentally sound properties. For Kailani, it has partnered with the Curio Collection by Hilton, giving it the backing of a powerful, global brand while maintaining the independence to create a standalone destination, with features that minimise environmental impacts and maximise benefits for investors and future guests.

From foundational work to choose a building position in harmony with the elements to the use of all-native plants on the grounds, a comprehensive water conservation and recycling system and energy efficiencies across the board, every detail has been painstakingly thought out, designed to help not only the planet but also investors’ hip pockets.

Above water

Kailani has a 140,000-gallon cistern on-site to capture rainwater and AC condensation for landscape irrigation. It’s a huge water store to draw on, especially given the native and drought-tolerant plants. There are also low-flow fixtures installed in all rooms, plus a reverse osmosis system that provides clean and healthy drinking water. All these measures mean substantial water saved – and lower operational costs.

Bet the farm

It’s no secret that importing goods to the Cayman Islands is complicated – a story shared by many island nations. Food and beverage products are flown in from all over the globe to line local supermarket shelves. NCB Group is proud to own a 32-acre farm on the eastern side of the island that will supply fresh produce to Kailani’s restaurants, providing a farm-to-table experience for guests and investors (hotel owners enjoy 10 per cent off drinking and dining). This makes Kailani less reliant on global supply chains, and avoids CO2 emissions associated with shipping, and compost from its restaurants will go back into the farm’s crops, reducing environmental impact and waste.

Cool change

At Kailani, energy conservation has been a priority since day one, with detailed analysis to choose the perfect location to minimise direct sunlight, increase shade and capture cooling breezes. The building design complements this effort, with awnings and shutters strategically placed to cut energy waste. In addition, geothermal cooling is used throughout, which operates 50 per cent more efficiently than standard AC with units that last up to four times as long, stopping them from choking landfills. Maximising the benefits of this technology is SMART Building Management, a system employing sensors to control cooling and automatically close blinds and drapes when areas are unoccupied, lowering heat gain, energy consumption and costs.

Waste not

Sustainability isn’t new to the tourism industry. Efforts to reduce water use and switch to renewables – both for the environment and bottom line – have been ongoing for almost a decade. A focus on reducing plastic waste, however, is a recent development – surprising, given how many single-use plastics hotels have traditionally contained. Kailani is addressing the issue by eliminating sample-sized amenities and replacing them with refillable options. It also provides reusable water bottles in every room for guests to use throughout their stay. This ethos ties in with the wellness aspect of the hotel – and with trends showing wellness travellers tend to stay longer and spend more on experiences, it’s a lucrative market to connect with for investors.

Place in the sun

Switching to solar is a crucial step for businesses everywhere in the fight against climate change. Kailani will offset its power consumption with an expansive collection of rooftop solar panels, significantly reducing the energy required to operate the hotel. All lighting will be LED, which uses up to 85 per cent less power than traditional bulbs and lasts much longer. Sensors in public areas and guest rooms will keep the lights off when unoccupied, and the hotel’s design ensures the maximum amount of natural light is captured, minimising the need for artificial light to be used.

Ready to invest in the future? For forward-thinking investors looking to diversify their real estate portfolios, this is an opportunity with a difference. Scheduled for completion in the second quarter of 2023, Kailani will bring the Hilton Hotel’s luxury Curio Collection to the Cayman Islands while keeping its footprint light.

Investors can purchase rooms at Kailani as part of the hotel’s rental pool, receiving an expected annual return of up to 11 per cent, plus a host of hotel owner perks, including two weeks’ stay per year and discounts on food and beverages.

Building a better Cayman: Sustainable communities at the heart of NCB Group

Posted on November 17, 2021September 1, 2022 by michelle

This article first appeared on Cayman Compass.

Building with the future in mind has always been the guiding force behind NCB Group.

It’s a philosophy that has served the company well over the past 20 years – and continues to do so.

“As Cayman’s population grows and savvy consumers become more environmentally aware, we continue to see an increase in demand from single-family homes to mixed-use sustainable communities,” says Managing Director Matthew Wight.

“With our mission of ‘building with Cayman’s future in mind’, NCB was an early adopter of this new way of living, creating Cayman’s first sustainable community, Cypress Pointe North, in 2015.”

It has since developed other sustainable communities, including TIDES and SOLARA. It has also expanded into commercial spaces, including Cayman Technology Centre, one of Cayman’s most energy-efficient office buildings.

And NCB continues to lead the way in renewable energy and sustainability with some key projects going forward.

Among them is AURA on the eastern coast of South Sound, OLEA in Camana Bay, a joint venture with Dart Enterprises, and Kailani, Cayman’s first boutique business and wellness hotel that will enhance sustainable tourism.

Integrating ICF construction, solar panels and geothermal cooling, the properties also feature such eco-friendly elements as water recycling, rainwater capture, electric-car charging stations and low-energy-use appliances, which not only help to reduce the developments’ output of greenhouse gas emissions but owners’ utility costs, too.

NCB now has its own dedicated geothermal, solar and sustainability divisions.

“This helps us ensure we provide the best quality and most energy-efficient products and experiences for our clients from start to finish,” says Wight.

Communities that connect

While sustainability is paramount, NCB is also in the business of creating communities that connect.

With the impacts of the COVID-19 pandemic in 2020 and 2021 reinforcing the need for community, NCB continues to design developments that focus on bringing people together – whether that’s through green spaces, playgrounds, pools or rooftop lounges.

Invested in the community, NCB is now looking to the next 20 years, and beyond.

“As Cayman continues to grow, we will be there with sustainable residential and commercial spaces and services to meet the islands’ changing needs while also respecting this beautiful place we all call home,” says Wight.

NCB celebrates continued success of inaugural scholarship student

Posted on October 21, 2021September 1, 2022 by michelle

Supporting the next generation of Caymanians interested in a career in the construction and development industry has always been an integral part of NCB Group’s commitment to building with Cayman’s future in mind.

As part of this promise, in 2019 NCB founded the NCB Group Scholarship, a scholarship programme that provides budding Caymanians looking to kickstart their career in the industry with a financial contribution towards their tertiary education and on the job experience during their school breaks.

As inaugural NCB Group Scholarship recipient, Jada Watson, reaches the midway point of her time at the University of South Florida we sat down with her and Shahida Ebanks, NCB’s HR Manager, to discuss the variety of career opportunities available in construction and development and why further education in this industry is helping to keep Cayman on top of innovation.

Shahida, why has NCB always put such an emphasis on investing in the next generation?

Shahida: Over the last 20 years, NCB has sought to offer local students pathways into construction and development through internship and apprenticeship opportunities. We’ve seen the industry challenge them to improve their skillsets continuously and create excellent leaders within our company, all the while providing Caymanians with an opportunity to help support the growth of their community through our sustainable development projects.

As a business, NCB also benefits from having fresh ideas and innovators. With their aptitude for technology and ready and able mindset, students fresh from school have brought some exciting suggestions and proposals to our table.

In 2019 we awarded the first NCB Group Scholarship to Jada after recognising the talent and passion for project management that she displayed on the job as a Coordinator. We are proud to see her continued success at University, despite the challenging times.

Jada, tell us what sparked your interest in taking your studies further?

Jada: Before going to college, I worked at NCB for a year, starting as a receptionist and moving up to a coordinator. As a coordinator, I went on job sites, completed inspections, learned about electricity and plumbing, and watched construction take place. I found each stage of the development exciting and wanted to learn more.

When the opportunity to pursue further education came about through the NCB Group Scholarship, I first decided to study accounting and then transitioned to economics because the latter gives me the analytical and computer skills valued in business and finance. Not only does my Bachelor’s degree in economics cover all business aspects, but it allows me to understand urban planning, international development, policy analysis and project management, which will be valuable for a future career in the industry.

It has been a tough time for students worldwide. How have you managed to stay motivated despite the challenging circumstances?

Jada: As both a first-generation college student in my family and the first recipient of the NCB Group Scholarship, I hold myself accountable for my success. I want to graduate with good academic standing, not just for myself, but to help inspire my younger sister, who looks up to me, and for my parents, who did not have the opportunity to go to college themselves.

When COVID-19 first hit, I struggled to adjust to online classes causing my grade averages to drop. However, the team at NCB provided me with the patience and understanding I needed to bring my grades back up. With their support and encouragement, I have been able to work hard and complete my semesters with an above-average GPA.

Shahida, why should young Caymanians consider a career in construction and development?

Shahida: I always say to our project managers that there must be no better feeling than seeing a project go from being on paper to in the ground and, finally, becoming a high-quality and well-respected development. As a Caymanian, it is great knowing not only that “we did that” but that the products and services we offer help to create a sustainable, community-focused future for our islands.

At NCB, a career in construction and development offers a wide variety of opportunities. Across all ten of our integrated service lines, our teams cover all aspects of building, maintenance and management, and new innovative technologies. From the people delivering materials right up to project leads, at NCB you will always be an essential part of the process.

Jada, after you complete your degree, what will be the next step in your career journey?

Jada: When I complete my undergraduate degree, I plan to pursue a career as a commercial and residential real estate project manager. I would also like to advance my education further and pursue my master’s degree.

Shahida, what additional career support does NCB offer at the entry-level?

Shahida: Jada is a wonderful example of what an entry-level job at NCB can lead to. By displaying her initiative, determination, and passion for the job at hand, Jada rose through the ranks and achieved some remarkable things at the start of her career.

At NCB, we are proud to have a dedicated Training and Development Coordinator as a part of our team, who works to provide opportunities for our entry-level staff like Jada to build their skillset and achieve new qualifications to help them on their career journey.

The senior members of our team are also known to take promising, entry-level team members under their wings. As mentors, they share their years of experience in the industry to inspire and help develop their younger team members.

Are you interested in pursuing a career in construction and development with NCB? Visit our Careers page to see our current vacancies, contact hr@ncbgroup.ky to learn more about our internship, apprenticeship and scholarship opportunities or follow us on Instagram to see what a career with NCB could look like.