Health City opens in the East End of Cayman

The official opening of the Shetty Hospital, also known as Health City in the East End of Grand Cayman is a momentous and historic moment not only for the Cayman Islands but also for quality affordable health care to citizens of the USA, the Caribbean and Latin America. 

Hundreds of dignitaries gathered at the opening of what is known as the "third pillar" of Cayman's economy. Health City is a dream come true for Dr. Devi Shetty, an Indian Philanthropist and surgeon. Dr. Shetty has already opened medical tourism facilities in India, Cayman was his next focus to build a hospital of the future that could be compared to the best hospitals in Europe and the UK. 

The direct impact of Health City on the Cayman Islands has already been seen in the field of construction and labour as only local contractors and many Caymanians were hired to work on the project. 

Capital expenditure is expected to be $300 million by 2017, in total it is projected that Health City will constitute over a $2 billion investment over 15 years. 

Needless to say Health City will impact other areas of Cayman's services and industries, and as Realtors and Brokers Coldwell Banker Cayman Islands Realty sees possibilities of positive growth in the residential and commercial market. A 2009 Grant Thornton Impact Study estimated hundreds of additional hotel rooms for family members of patients, restaurant, retail and transportation requirements are expected to be huge. 

Now more than ever, the prospective investor who's setting his sites on the Caribbean, needs to sit up and pay attention. The East End of Grand Cayman has many large parcels of land and you as an investor can expect guaranteed ROI over 10-15 years. 

As Coldwell Banker is one of the longest standing and trusted brokerages in the Cayman Islands we are in the position to advise investors every step of the way. Coldwell Banker Cayman Islands has just completed the sale of several parcels of land in the Seven Mile Beach area and we currently list several parcels and commercial opportunities in Cayman's East End, very close to the new Health City.