CEC moves ahead with construction of its new home, which it projects will infuse CI$300 million into Cayman’s economy. Designers say new campus will be a showcase of green buildings and sustainablilty.

George Town, Grand Cayman, Cayman Islands (Dec 23rd, 2014) – Cayman Enterprise City today announces the acquisition of a 50-acre site, near central George Town, where its permanent 850,000-square-foot sustainable and environmentally friendly campus will be built. The exhaustive search for the perfect location has been underway since the project was launched in February 2012, and following protracted negotiations, CEC directors finally closed the deal that will have a significant impact on the future of Greater George Town and the Cayman Islands. The property will be bordered on the north side by the planned extension of Fairbanks Road and fulfills all the sustainability and design requirements for the Cayman Enterprise City Master Plan, which is being developed by Chief Development Officer and architect Cindy O’Hara and Brian MacDonald and his talented team at Design Cayman.

“This property is ideal and the best suited site for our campus,” said Ms. O’Hara. “It provides for a larger pallet of experience; a city centre, lakeside water frontage and mixing high tech office space with wellness in an eco-friendly environment.”

The master plan encompasses individual park buildings that will house companies from various sectors, a main boulevard and boardwalk, set around a 14-acre lake and a flowing waterway to circulate lake water. Ms. O’Hara is well-known as a Caymanian sustainable architect and every aspect of the environment is being carefully considered in the master plan. CEC has already reached out to the Department of the Environment to involve them early in the process and they have already held their first successful meeting.

“The buildings are set around the lake, which will be the epicenter of a dynamic sustainable urban park. These will be living waters – an outdoor mangrove and wetland botanic park with new experiences playfully unfolding on the water’s edge, capturing water life and encouraging birds. The design of pavilions, pathways and kayak and rowing launches bring into the focus the reciprocity of landscape, public life and ecology,” said Cindy O’Hara.

O’Hara has conducted years of research to create the perfect co-work environment for CEC’s zone companies, studying zones and tech hubs around the world to get inspiration.

The Commercial Centre will be focused on high-tech co-working business communities, serviced offices and brand cultures. The Innovation Centre/City Hub will house the CEC headquarters and business centre. The boardwalk will ensure every building on campus has a great view, and

some buildings will sit partially over the lake creating a floating effect for kayakers and paddle boarders to glide under.

With construction of the new campus, Cayman Enterprise City expects to add another CI$300 million to Cayman’s economy. The access to the property is being discussed with Government, but CEC’s design team says the access road will tie into an already planned road expansion that is gazetted. As a first step CEC’s design and development team is working with the NRA, the

Director of the DOE, her team, Planning and other Government agencies to finalize access to the site.

“We’ve completely embraced the new National Conservation Law approved by Government, and we are very excited about working with the Department of Environment to create an eco- community focused on business that includes a Caymanian habitat and harmonious environment that promotes well-being. CEC will be a prototype for regeneration vision of a new urban park in Greater George Town,” said Ms. O’Hara.

Once the access road has been finalized, the land will be subdivided into parcels. O’Hara and her team will be consulting with Government agencies and going through the proper channels

before submitting a planned area development application (PAD). After the access road is gazetted, Cayman Enterprise City will access the site and plan the long anticipated ground breaking. CEC anticipates zone companies moving into the first buildings in the main campus in

2017.

About Cayman Enterprise City

Cayman Enterprise City is a Special Economic Zone in the Cayman Islands focused on knowledge- based industries, technology companies and specialized services businesses. With a dedicated Government Authority and guaranteed fast-track processes, International companies can

quickly and efficiently establish a genuine physical presence in Cayman. Businesses can take advantage of Cayman’s jurisdictional benefits which include zero corporate tax, zero income tax and zero capital gains tax, along with a raft of special zone concessions and incentives. These concessions were designed to attract international companies from five specific high-tech sectors; internet and technology, media and new-media ventures, biotechnology, commodities and derivatives, and academia.