Dolphin Developments

Our new business model, focusing predominantly on leisure and larger residential developments, incorporates three new areas for value creation: top-structure development; hotel and commercial. By implementing all three components, we will create annuity income, as opposed to our historical strategy of disposing of the developments once completed. We now have the opportunity to further generate ongoing income from our projects by selling only certain components of the development and retaining the rest of the assets, to generate annuity income for the Group going forward. We have followed an outsourced business model, resulting in a lowering of our monthly overheads, by appointing the correct and appropriate professional project managers and teams to manage our developments. In doing this, Group management can concentrate further on its core competency of identifying key sites with potential value to the Group. The new business model encompasses the expansion of revenue streams, thereby mitigating the need to bring on a number of new projects each year in order to grow the company further. Our business generates assets for people. Management is optimistic about the potential of its assets to create greater shareholder value, given the variety of income generating activities that it will embark on, from outright land sale to securing a portion of existing projects to generate annuity income. Our fractional, syndication, sectional-title and outright ownership models are being established to create a further revenue generating method for Group income. As part of our strategy going forward, units will also be made available to rental pools, thereby creating the opportunity for shared rental income. Investors, through any of these wealth creation vehicles, have an opportunity to share in an income stream which is expected to offset costs of ownership. Over time, these vehicles will create an income producing asset, as well as a leisure destination for personal use.