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Spring 2010

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The Address CELEBRATES THE WORLD OF LUXURY REAL ESTATE, FOOD & TRAVEL

IN THIS ISSUE Piece de resistance - Absolute beachfront villa in Phuket Best penthouse in Europe Best of skiing; one of the finest luxury ski chalets in France Why investing in Mauritius Inspired living, iconic lifestyle in Brazil

Best of modern; sensational modern country estate in Algarve Insider’s Guide Tokyo 10 Places to invest 2010 A feast for all senses - visit some of the world’s best food markets outside Europe ... and more www.theaddressmagazine.com

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Welcome to THE ADDRESS - celebrating the world of Luxury Real Estate, Food & Travel THE ADDRESS is totally dedicated to bring you the best in terms of luxury real estate across the world as well as overseas property investment, food and travel features. Don’t miss this issue’s Piece de Resistance – An absolute beachfront villa in Phuket. The luxury villa has direct beach access and offers stunning views over Chalong Bay (page 4). There is a rare opportunity to acquire a luxury ski in ski out trophy property in legendary Val d’Isère (page 10). Barcelona boasts one of Europe’s most amazing penthouses available for sale (page 8). Get inspired by an ultra-modern country estate in a spectacular setting in Portugal (page 14). In each issue of THE ADDRESS we handpick a selection of some of the most inspiring, distinctive and luxurious homes in the most desirable and exclusive locations throughout the world (page 20). Our property investment stories in this issue are ‘Why investing in Mauritius’ (page 16), ’10 Places to Invest 2010’ (page 80) and ‘Market Insights’ (page 94) Beginning on page 98, you will find a feature on food markets, a celebration of some of the most inspirational and colourful markets outside Europe. I doubt that you will be able to resist the delicious recipes in our Kitchen Confidential feature. The two exceptional Michelin-starred Chefs Brett Graham of The Ledbury, London and Michael Hoffmann of Margux, Berlin share some of their recipes (page 70). We ask our Food & Travel Insider Chuck Arendt to open his address book to some of his best-loved places in one of his favourite cities in the world, Tokyo (page 86). I do hope that you enjoy this spring edition of THE ADDRESS magazine. If you come across anything you’d like to comment on or share with us and other readers, please do write in with your comments and recommendations. Explore and Enjoy THE ADDRESS! Editor-in-Chief 2

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Contents Spring ‘10

PIECE DE RESISTANCE 04 African Homesteads, South Africa

BEST OF ...

08 Skiing – Luxury duplex in Chamonix 10 Penthouse – The world’s largest luxury penthouse 12 Investment - Garapua Beach Resort in Brazil

PROPERTY FEATURES

14 Why Dominican Republic is hot 62 Fractional ownership 84 Market insights from around the world

LUXURY REAL ESTATE 18 20 30 36 40 54 58 60

Africa Asia Caribbean Central America Europe North America South America Trophy properties

FOOD & TRAVEL

64 Kitchen Confidential; Top chefs share their recipes 76 Insider’s Guide Paris 88 A feast for all senses - visit some of the best food markets in Europe

WAIT, THERE’S MORE A WORLD OF OPPORTUNITIES

98 Subscribe 99 Can’t wait to tell a friend

74 Beachfront properties in the Bahamas

Cover Photo: Beachfront villa, Phuket, Thailand www.theaddressmagazine.com

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PIECE DE RESISTANCE

Beach Beauty Absolute beachfront villa in luxurious Phuket

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To say this villa is incredible would be an understatement. To say it isn’t as close to perfect as a villa could get, would also be wrong. That’s because this expansive luxury beachfront villa in Phuket excels on every level.

The elegant villa offers a multitude of ultraluxurious features, such as a SieMatic kitchen with Gaggenau, Thermador, Miele and Sub-Zero appliances, along with formal dining room, library, large sala and sauna.

This beachfront paradise home, set around a superb swimming pool, brings together the best of everything: an outstanding oceanfront location, magnificent Thai architecture, beautiful interiors, panoramic views along the coast, and the luxury of space and privacy. Even better, this 5-bedroom, 4-bathroom home is being sold with a Bang & Olufsen sound system and Lutron Home Integration System - stylish, amenities-rich beachfront living at its best.

This absolute beachfront property is blessed with magnificent unobstructed views over Chalong Bay and towards Phuket. Access to the beach is just down a few steps.

Three modern Thai-style pavillions comprise the main living and dining areas, with the main bedrooms set on the second level. A large entertainment and BBQ area is set in a shaded expanse to one side of the property and offers direct sea views.

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The spacious luxury villa is ideal as either a vacation home or permanent residence, and represents a unique opportunity to acquire a property jewel in Phuket. Price: THB150 million Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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BEST PENTHOUSE

Stunning design. Enviable lifestyle. Desirable address. This magnificent duplex penthouse is located in the exclusive beachfront area of Diagonal Mar in Barcelona, Spain. It boasts amazing views of the Mediterranean Sea, the beach and the neighbourhoods of Barcelona, one of Europe’s most exciting cities. The luxury 190m² penthouse features breathtaking five-metre-high windows, maximising the views and light, along with a 65m² terrace on the 25th floor. There are 4 bedrooms, storage room and parking.  The location of this luxury penthouse is excellent. Diagonal Mar has become one of the most desirable locations in Barcelona. The beach is a two-minute walk, and you can be in the centre of the city in less than 10 minutes with public transport. Price on request. Luxury Penthouses Worldwide www.luxurypenthousesworldwide.com +44 (0)20 7095 8701 8

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BEST of skiing

Undeniably Exceptional One of the finest luxury ski chalets in the French Alps

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The popularity of skiing has grown exponentially over the last 20 years, and as snowboarding and other winter sports have also taken off, the demand for high-end winter holidays has exploded. The traditional and fairly basic chalets of old still exist, but the luxury chalet business is now in a league of its very own — and this super chalet in Val d’Isère is the pinnacle of luxury alpine living. Considered by many to be the world’s premier luxury ski resort, Val d’Isère is hard to fault, offering some of the best skiing anywhere.  Resting elegantly on the side of the Solaise Mountain, at the top of the exclusive La Legettaz hamlet, this ultra-luxury mountain home is the most desirable and exclusive ski chalet for sale in Val d’Isère. With a very generous living space of 831m², the chalet has 7 bedrooms, including a 50m² master bedroom boasting a mezzanine and triple exposure of the valley. The impressive

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reception areas feature a large living room, bar, card game area and separate reading nook. For the ‘staying-in’ nights and dinner parties, the dining room accommodates up to 18 guests. The kitchen is fully equipped and there is also a home office and TV room as well as a sauna, Jacuzzi and a lift serving every floor from the garage to the top floor. The luxury chalet features several balconies and two terraces. In addition to the four-car garage, you’ll find a wine cellar, laundry room and storage space on the ground floor. This exclusive mountain home represents the ultimate in luxury. Price on request. Luxury Ski Properties www.luxuryskiproperties.com +44 (0)20 7095 8701

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BEST of modern

UNSPOILT, UNMATCHED

Sensational modern country estate with sophisticated architecture in a stunning setting Endless possibilities await at this exceptional country estate with its spectacular scenic setting, near Lagos in Algarve, Portugal. The 6-bedroom villa estate sits on 258,750m² of land, and boasts magnificent country views with the sea in the distance. The modern luxury villa is being outfitted with everything you can dream of, including built-in wardrobes, salt water pool, fireplace, large terrace, gourmet kitchen and solar and underfloor heating as well as air-conditioning.

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There are possibilities for horse stables, tennis courts and heli-pad, and there is even a lake on the property. The contemporary country estate is four minutes from Bensafrim, a small Portuguese town just a few kilometres north of Lagos. Price: â‚Ź3 million. Modern Homes Worldwide www.modernhomesworldwide.com +44 (0)20 7095 8701

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Why you want to invest in Mauritius The island nation of Mauritius, already a top destination for tourists thanks to its exceptional range of lifestyle benefits and high levels of security, is carving a niche for itself as the leading business and finance hub of the Indian Ocean Rim. Despite a poor global economy, Mauritius continues to attract both capital investors and businesses to its shores, reaping the benefits of radical policy changes. Moves to introduce a range of investor and business benefits, including low corporation taxes of 15%, an attractive 15% personal income tax rate and a bonus of no capital gains tax, have fuelled Mauritius’ success as an emerging market over the past few years. Mauritius is also fast becoming a major centre for offshore banking – already more than 400 financial institutions are represented here – boosting investor confidence.

”Mauritius is one of the very few countries worldwide to boast positive GDP growth throughout the global economic downturn” The island nation continues to rank high in global polls measuring both business climate and quality of life. As Mauritius’ economy grows 16

and more tourists discover its charms, everything from shopping malls and restaurants to state-of-the-art medical centres and private schools are being developed across the island.

Ranking high on the global stage One-by-one, Mauritius is earning global awards across a range of fields – from business to politics to tourism – strengthening its position as the power hub in the region. Here are just some of the recent honours bestowed on the island: Easiest place to do business in Africa: The World Bank Doing Business 2009 rankings place Mauritius No. 1 in Africa and second only to Singapore among small island developing states. Mauritius was rated Africa’s top regional reformer in a report that recognises governments which have carried out the most business reforms over the last five years. The World Bank report moves Mauritius up to 24th out of 181 countries measured on investment climate and the ease of doing business. Most improved investment climate: Mauritius is the winner of the 2009 award for Most Improved Investment Climate, an honour that recognizes excellence and best practices in business and rewards those who have driven Africa’s rapidly transforming economy. The African Business Awards honour is sponsored by the Commonwealth Business Council and African Business magazine. ‘Best quality of living’ city: Mercer’s Quality of Living report ranks Port-Louis tops among 215

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African cities based on 10 leading indicators including: economic environment, political and social environment, medical and health, public services and transport, consumer goods, schools and education, recreation, housing, socio-cultural environment and natural environment. Climate protection: The United States Environmental Protection Agency honoured Mauritius with the coveted Climate Protection Award in 2009 for its efforts in environment protection, including a commitment under the Kyoto Protocol to speed up the reduction of greenhouse gas emissions. ‘Intelligent’ democracy: The Economist Intelligence Unit’s Index of Democracy ranked Mauritius top of the class in the African region for 2008. The Index, which measures the state of democracy of 167 states across the globe, ranked Mauritius 26th in the world. Its overall score of 8.04 has boosted investor confidence. ‘Competitive’ travel and tourism destination: The World Economic Forum’s Travel and Tourism Competitiveness rankings place Mauritius 4th in the African region and 40th globally, recognizing the island’s efforts to implement travel-friendly and businessfriendly policies. ‘Most attractive’ offshore destination: Mauritius earned a spot in the Top 25 world’s most attractive offshore destinations in the A.T. Kearney’s Global Services Location Index. Economic freedom: Mauritius ranks No. 1 in Africa on the Economic Freedom Index, according to The Heritage Foundation and Wall Street Journal. Overall, it ranked 18th out of 157 countries measured. ‘Best run’ government: Harvard University has declared Mauritius the best run out of 48 African countries measured in its prestigious Ibrahim Index of African Governance.

10 reasons to invest in Mauritius The world agrees: Mauritius has it all when it comes to welcoming investors, business and tourists. Here’s why: 1. Location & time zone: Mauritius is located in a highly accessible location between the South Atlantic Ocean and the Indian Ocean and is in a convenient time zone for ease of business - only 4 hours ahead of the UK, 4 hours behind Asia and 2 hours ahead of South Africa. 2. Economic resiliency: Mauritius is one of the very few countries worldwide to boast positive GDP growth throughout the global economic downturn. This continues a growth trend that had seen GDP 5-6% per year, thanks to progressive business and investment policies. 3. Open for business: The government’s economic reform policies, including attractive tax incentives for business and investors, are accelerating growth and strengthening the island’s position as a major investment and financial centre. 4. Competitive edge: The development of Mauritius as a world-class offshore financial and investment centre for both the private and commercial sectors positions the island to benefit from the emerging African and Asian markets. 5. Eye on the budget: The government is committed to a fiscally smart operation, with the budget deficit now at 3.8% of GDP, down from 5.5%. 6. Democracy alive and well: Investors have peace of mind knowing that Mauritius is home to a stable and democratic political environment – and has been for 40 years. 7. Sunny and safe: The island is blessed with near-perfect weather, boasts minimal crime

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and high levels of personal security and is known for its friendly people. 8. Focus on tourism: With tourism growth a high priority, insiders forecast a strong demand for villas in the rental market. The government plans to boost the number of tourist visits to 2 million by 2015, up from 1 million. 9. Foreign ownership opportunities: Nonresidents of Mauritius can buy and own full title to property in Mauritius in approved developments under the Integrated Resorts Scheme (IRS). Still in its infancy, the programme has already seen exceptional growth, with investors enjoying appreciations of 40-50% on IRS properties 10. Residency bonus: The IRS programme offers several benefits, including no capital gains and no inheritance taxes and a low 15% income tax rate. Investors also receive a bonus of automatic residence for themselves and their immediate dependents.

Integrated Resort Scheme (IRS) The Integrated Resort Scheme (IRS) is a government programme designed to encourage foreign investment in Mauritius and to boost the island’s growing tourism industry. Benefits for the overseas investor include: „„ Automatic residency for the owner and immediate dependents „„ Low 15% personal income tax rate „„ No capital gains tax if you sell „„ No inheritance tax „„ Easy flow of funds, thanks to a double tax treaty with 34 countries. About the freehold property market in Mauritius A strong economy and investor confidence 18

have allowed Mauritius to weather the global economic downtown on all fronts, including real estate. In fact, the first resales of villas purchased under the Integrated Resort Scheme (IRS) have earned investors double the original selling price. With tourist numbers on the rise year-round and a very low supply of luxury properties on the island for rent, experts predict that the high-end residential property market will continue to experience strong growth, bringing investors attractive returns that were not available until IRS was introduced. Integrated resort scheme in brief Under the Integrated Resort Scheme (IRS), foreigners can purchase freehold luxury properties such as villas, apartments and penthouses located in designated areas and approved by the government’s Board of Investment.

”A foreigner who purchases a residential property under the IRS programme will receive automatic residency” The minimum purchase price is US$ 500,000, with the owner receiving an automatic residency permit. The investor may live there himself, rent the property or sell it with no minimum selling price restriction. Funds from the sale and rental revenue may be repatriated. Properties under IRS are sold off-plan, with several hundred units in luxurious lifestyle estates already sold across the island. Investors hail from the UK, France, South Africa, UAE, India and other countries. Because luxury properties are in demand on the

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island, investment under the IRS programme is expected to bring investors attractive profits. This sector of the real estate market is expected to grow for the next 10 years.

Mauritius makes business sense Mauritius has primarily been a beach destination but is increasingly positioning itself as a growing business and financial hub. Mauritius offers numerous fiscal benefits along with permanent residency.

�Mauritius is one of the most competitive jurisdictions in the world in terms of tax and regulation� Residency permit A non-citizen who purchases a residential property under the IRS programme will receive a residence permit under the Immigration Act once the property is registered and payment of the fixed duty of US$70,000 has been made to the Registrar General. The Income Tax Act 1995 defines resident as: Individual: a person who has his domicile in Mauritius unless his permanent place of abode is outside Mauritius or has been present in Mauritius in an income year for a period of, or an aggregate period of, 183 days or more or has been present in Mauritius in an income year and the 2 preceding income years for an aggregate period of 270 days or more. Company: a company which is incorporated in Mauritius or has its central management and control in Mauritius. Personal income tax A resident of Mauritius will pay a rate of 15% on personal chargeable income. Taxable

income is described as gross income less allowable deductions and the income exemption threshold. Gross income includes: salaries, wages, annuity, pension, income from business, income from property, foreign dividends, royalty and interest. Allowable deductions include: expenses related to the production of income, losses, bad debts, annual allowance (in lieu of depreciation). A resident of Mauritius is entitled to an income exemption threshold which can deducted from income to arrive at the chargeable income, if any. Capital gains tax There is no capital gains tax in Mauritius, except in the case of a land subdivision. Corporate and other taxation Companies, trusts, trustees of unit trust schemes and non-resident partnerships are all subject to corporate tax at a rate of 15% on chargeable income. Double taxation avoidance treaties Mauritius has concluded 34 Double taxation avoidance treaties (Dtas) and it has several others under negotiation. The treaties aim to reduce the tax burden on foreigners in Mauritius and stimulate investment. Want to know more? For a full report about the Integrated Resort Scheme and about IRS approved property developments, contact Signature Residences Worldwide, www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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luxury barbados

A world of luxurious design and modern sophistication on the iconic island of Barbados This beachfront luxury real estate development on Barbados’ legendary West Coast is the winner of several prestigious five-star CNBC America and Arabia Property Awards, including Best International Apartment, Best Development in the Caribbean and Best Apartment in both the Caribbean and the Americas. Consisting of only ten prestigious beachfront residences, this property offers the ultimate in luxury lifestyle for a select few looking for exclusivity, security and privacy. The luxurious apartments boast 3,500 sq. ft of living space, while the even more opulent penthouses and garden apartments are 5,000 sq. ft. The penthouses feature secluded roof terraces with sensational 360-degree views, while the garden apartments boast private gardens and sun terrace. Each residence has a heated Jacuzzi pool, discretely positioned on the private terrace. The penthouses and apartments have been designed in contemporary Bajan style, capturing the beauty outside while retaining optimum comfort inside. The creative use of glass balustrades and expansive, retractable 20

glass doors completely open up the rooms to reveal magnificent views of the Caribbean Sea. The common amenities are just as lavish as the residences themselves. Residents can make full use of a split-level sun terrace overlooking the sea, where there is a beach bar and an 80–foot lap pool. Other amenities include a sauna and a well-equipped gym with glass walls that offer stunning sea views while working out. The impressive array of luxury amenities is further enhanced by a dedicated five-star concierge service that caters to all the daily needs of the residents. This superb luxury property is distinguished by its outstanding finishes, revolutionary design and modern take on island living. For the discerning property buyer looking for the ultimate luxury investment in the Caribbean, this development on Barbados’ legendary West Coast is truly exceptional. Prices from US$4.95 million. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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luxury brazil

Invitation Inspired living, iconic lifestyle - the most exclusive resort residences in Brazil. This is a rare opportunity to acquire one of only 20 super-stylish villas This is currently a pre-launch opportunity of what will become the most prestigious and exclusive boutique resort not only in Brazil, but also in South America. An iconic boutique hotel and villa development awaits, branded and managed by one the world’s most prestigious luxury hotel operators, an award-winning luxury resort brand. The property will be nestled within 70 acres of beach and oceanfront land and surrounded by 90 acres of nature reserve. It is located on the beautiful Costa Verde (the Green Coast). The Costa Verde is located along the 175-mile stretch of coast between Rio and Sao Paulo. It’s incredibly scenic, with tropical forests spreading down to the ocean, wide-open bays, golden sandy beaches and picturesque fishing villages.  There will only be 20 fully furnished luxurious villa estates for private ownership. Owners will have access to all amenities and services provided by the ultradeluxe hotel operator.  The developer is currently releasing a select number of villas to a limited group of interested parties who will be granted first choice of select villa locations within the resort. For the discerning few – this is a rare opportunity to acquire one of only 20 estate villas. Prices from US$6.8 million. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701 www.theaddressmagazine.com

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luxury france

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High life in the Alps Luxury penthouse in Chamonix Situated on the two top floors of a historic house in the heart of the sought-after Chamonix, this 3-bedroom luxury duplex penthouse boasts stunning views over the town and the whole Mont Blanc range. The duplex penthouse apartment features an impressive living room with wooden floor, an adjoining open-plan elegant dining room, modern kitchen with integrated appliances, a stylish master bedroom suite on the mezzanine level including a light bedroom, contemporary ensuite bathroom and relaxing lounge.

The authentic and historical Chamonix, with its cobbled pedestrian streets, majestic old buildings and bustling open squares, is hailed as the world capital of skiing and mountaineering. This luxury Chamonix property with its central location is a jewel in one of the most legendary ski resorts in the world. Price: €798,000 Luxury Ski Properties www.luxuryskiproperties.com +44 (0)20 7095 8701

© OT Chamonix - Monica Dalmasso

There are also two balconies and the views over Chamonix and the Mont Blanc make this

superb penthouse really stand out.

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simply

stunning Modern Chamonix living with a view

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They are few and rare but they do exist - the ultra-modern ski apartment. If you seek uncompromising luxury in a modern alpine residence boasting stunning views and stylish design, this ski apartment in the centre of Chamonix is what you are looking for. The 4-bedroom apartment is an ultra-modern masterpiece of sleek, clean lines and contemporary styling - from the gourmet kitchen with stainless steel appliances to the elegant fireplace. The apartment boasts five balconies, offering

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magnificent views of Mont Blanc and the historical town of Chamonix. It has all the modern amenities you would expect from a luxury ski residence and more! You will find a bar area, a sunken lounge with fireplace, massage room, steam room and Jacuzzi.   Chamonix, at the foot of Mont Blanc, is renowned for its excellent skiing. The town, which hosted the 1924 Winter Olympics, lies in an area of outstanding natural beauty beneath Mont Blanc and is a wonderful place to be year-round. It’s a proper, living French town, with bustling markets and an amazing

community. Who wouldn’t want to be close enough to take their morning coffee in the pretty cobbled streets before a full day of skiing or, while walking home from the après ski, browse among the shops – from Chanel to the tiny chocolatier. This is stylish alpine living at its best. Price: €2.25 million. Luxury Ski Properties www.luxuryskiproperties.com +44 (0)20 7095 8701

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Own

a piece of

History

A magnificent 19th century Chateau in a spectacular setting

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Originally the summer house of Parisian nobility, this old Chateau is currently being converted into a very luxurious development. Only one property, the old Ballroom, is being made available for sale on the open market. The property boasts an exceptional country vineyard setting on the outskirts of the village of de Lavérune, just five minutes from the city of Montpellier. Once converted, this outstanding Languedoc mansion will feature 5 bedrooms, a huge double height (9-metre) living area with vaulted fireplace, kitchen and two further reception rooms. The end result will boast a sophisticated fusion of contemporary lines and period features. The Chateau sits on grounds of more than two hectares (4.5 acres), of which 5,500m² (1.3 acres) are exclusive to this mansion.

Montpellier, capital of the Languedoc, is regularly voted as the best city to live in France. It has everything that you would look for in a city: historical heritage combined with modern architecture, world-class festivals, exceptional gastronomy, devotion to fine wines, and much more… all in a location that borders the Mediterranean. This commanding Languedoc property offers the best of both worlds, an authentic and historical home with 21st-century facilities. The price of €1.1m is based on full restoration with 10-year construction guarantees. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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EXCEPTIONAL MODERNIST VILLA – AN ICONIC PIECE OF ARCHITECTURE Designed by Claude Parent, one of France’s most respected modernist architects, this villa is a statement of avant-garde architecture with extensive use of raw concrete, glass walls and a spectacular exterior staircase. With its unique location in Cap d’Antibes, one of the most exclusive places on the French Riviera, this is a rare and iconic piece of architecture. The modernist villa for sale boasts panoramic views of both the Bay of Antibes and Golfe-Juan. It features 260m² of living space and four bedrooms. Claude Parent was elected a member of the Académie des Beaux-Arts, and the villa was listed in Patrimoine de France in 1989, which means that it is formally a part of France’s heritage. This villa, designed in 1961, is a rare jewel in one of the world’s most desirable real estate locations. A once-in-a-lifetime opportunity to own a piece of history. Price on request. Modern Homes Worldwide www.modernhomesworldwide.com +44 (0)20 7095 8701 30

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luxury french polynesia

15 homes. By invitation.

The Four Seasons Bora Bora combines the world’s most beautiful and exclusive destination and the leading hotelier to create an unrivalled whole-ownership opportunity. Offering only 15 ultra-luxurious, ultra-private Ocean Pacific villa estates in one of the most spectacular locations in the world, only the privileged few will experience the Four Seasons Private Residences. Bora Bora is known for some of the most beautiful scenery on the planet. Indeed, with its soft white sand beaches, tall palm trees and aquamarine waters, the South Pacific has been likened to a paradise on Earth. The 32

island of Bora Bora boasts nine kilometres of palm-fringed beaches that front a stunning coral reef before giving way to idyllic lagoons. As one of the finest examples of a tropical island paradise in the world, Bora Bora has long attracted the most exclusive, discerning travellers. Situated between the deep blue South Pacific Ocean and the turquoise waters of a tranquil Bora Bora lagoon, the 15 prestigious Four Seasons Private Residences offer the ultimate in luxury living and privacy. Inspired by local Tahitian architecture and built to the exacting standards of Four Seasons, these custom-

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designed, waterfront Pacific Ocean villas are available for full-ownership. Providing either lagoon or Pacific Ocean frontage, these prestigious homes for sale in Bora Bora range from 0.5 acres to 1.25 acres of land, and owners may choose from a collection of exquisite villa designs, boasting 4,550 sq. ft / 423m² to 11,500 sq. ft / 1,070m² of living space. The freehold villas occupy a private section of 16 acres in the Four Seasons Bora Bora Resort, while you enjoy the full benefit of the resort’s year-round services and amenities. Luxury

lifestyle facilities are presented alongside incredible local and natural amenities to capture the spirit of French Polynesia, while delivering iconic Four Seasons service.  Four Seasons Private Residences Bora Bora represents one of the most exclusive and sought-after resort-home opportunities in the world. And it is yours to own. Prices from €4.2 million. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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luxury italy

Historic residence with a view

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Tuscany has few peers - even in Italy. Everywhere there is beauty, history and culture. Florence is Europe’s finest Renaissance city, Siena one of its most perfect medieval towns, and San Gimignano, Lucca, Cortona and Pienza some of the loveliest smaller centres imaginable. This historic estate is located in northern Tuscany, and covers 22 hectares in the plain, stretching from south of Lucca to the Pisani Mountains. It is an excellent location, within close distance from the cities of art of Lucca, Florence, Pisa and Siena, the seaside and the mountains of Apennines and Apuan Alps. The 700m² historic and magnificently

renovated Tuscan villa sits in a beautiful 10,000m² park. In addition, the estate also hosts two other buildings, including a second villa of 180m² referred to as ”the holiday home,” with its own 2,000m² garden. For anyone wanting to establish a boutique hotel, or simply live in one the most commanding houses in the northern Tuscany, this property represents a unique investment opportunity. Price: €11 million. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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Art, history and natural beauty For centuries, Italy has attracted visitors in search of culture and romance, and there are few countries that can rival its renowned Classical origins, its art, music, architecture, scenery, food and wine. Tuscany takes regularly acclaim as one of Europe’s most beautiful locations. The region embodies much that Italy is famous for, possessing more historical monuments than any other country, let alone province, in the world. Its cities, Florence, Siena and Pisa, together with smaller towns and medieval villages like Lucca and San Gimignano, house some of the world’s finest artistic treasures. This 18th-century Tuscan villa is situated just five kilometres from the medieval town of Lucca. The villa sits on a hillside, overlooking the mountains and the town of Lucca.

The historic Tuscan villa has been owned by a noble family for more than five generations and is surrounded by a beautiful mature garden. The villa boasts commanding views of the Tuscan landscape towards the mountains. The main building, a spacious 600m² residence, features a swimming pool and alfresco dining facilities. There is also a beautiful chapel on the grounds. This is quintessential Tuscany with its extraordinary beauty. Price: €2.8 million. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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luxury malta

Island High Life Exclusive modern villa The beautiful Republic of Malta is located just south of Sicily in the crystal-clear waters of the Mediterranean Sea. The islands consist of gently rolling hills, sun-drenched terraced fields and beautiful natural bays and harbours. The towns and villages that dot the hillsides are steeped in history, with ancient fortified walls, beautiful churches, and even temples built for long-forgotten gods. The climate consists of long, dry summers and year-round sunshine, the perfect Mediterranean setting. Malta has also been voted the best diving destination in Europe, and third best globally, by about 35,000 readers of Diver Magazine, a leading North American publication. This stunning luxury 4-bedroom, modernly designed property for sale in Malta is situated in the middle of the island, enjoying both lovely valley and sea views. The location is superb, minutes away from the sea and close to all amenities. The luxury villa combines all the comforts and conveniences that give you the freedom you need. Well-crafted and thoughtfully designed, it offers luxury features such as stylish flooring, intelligent lighting technology with electronic access system, remote-controlled curtains, air-conditioning system and a stunning pool. The exclusive villa boasts 1,000m² of living space, as well as 1,206m² of landscaped gardens plus pool.  This elegant property in Malta is on sale for €6.5 million. Modern Homes Worldwide www.modernhomesworldwide.com +44 (0)20 7095 8701 www.theaddressmagazine.com

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luxury mauritius

The best of Mauritius Buyer benefits include permanent residency, no inheritance tax, no capital gains, 15% income tax and freehold home ownership Mauritius is an exotic mix of French, British, Indian and Creole cultures. No wonder the food is so good and the people so colourful and warm. Regular direct flights, an excellent year round climate, the breathtaking beauty of the island as well as political and economic stability make this island the ideal destination in which to own a home. Amongst Mauritius real estate, Villas Valriche is truly an outstanding development. It was voted Best Development and Best Golf Development at the Europe & Africa Property Awards 2009 in association with CNBC Arabia. 40

It was also ranked one of the Top 10 Best Luxury Developments in the World by Homes Overseas Magazine, 2009. Only 40 minutes from the airport, Villas Valriche is set in 210 hectares of lush, tropical landscaped grounds bordering the spectacular Le Golf du Ch창teau championship course, overlooking a stunning lagoon and with the picturesque hills of the Valriche Nature Reserve behind. In addition to the existing Peter Matkovich-designed golf course, there are extensive beach, dining, Spa and leisure facilities that are already fully operational.

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Owners can choose from 22 variations of elegant plantation-style villas with spectacular sea and golf course views. These luxury villas all have infinity pools, large terraces, air-conditioned bedrooms, state-of-the-art communications and private landscaped gardens. To provide total peace of mind, there are even bank completion guarantees – although with Phase 1 infrastructure in place, no debt and no bank borrowings and 30 villas due to be handed over to their owners within the next 3 months, it is arguably the best-placed Mauritius property development to deliver on its promises.

Villas Valriche is an approved Integrated Resort Schemes (IRS) development, which means that freehold property owners and their dependants are provided automatic permanent residency, with the added attraction of substantial fiscal benefits including low income tax, no capital gains and no inheritance taxes. Prices from US$1.1 million. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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luxury st. barts

Effortlessly stylish and sophisticated St. Barts boasts some of the world’s finest real estate St. Barts, a tiny eight-square-mile island in the French West Indies, is an understated celebrity haven that has a chic, fashionable feeling, and is sometimes referred to as the St. Tropez of the Caribbean. This is where the billionaires come to get away from the millionaires! The unspoilt island paradise is widely regarded as the Caribbean’s most desirable destination. In the picture-postcard historic village of Gustavia there is an abundance of amazing restaurants, exceptional shops and the island offers some of the world’s finest beaches. Add a stylish French ambience and a convenient location and it is clear why St. Barts is a sought-after private retreat and also why the St. Barts real estate market is booming. The island hosts some of the finest luxury homes and estates in the world. Luxury villas can be found from around €2 million, while the trophy properties that continue to attract the attention of international buyers command record prices. The Gouverneur Bay Estate, sited on land originally purchased by David Rockefeller, was sold to Roman Abramovich for €61.2 million in September 2009. Signature Residences Worldwide has access to some of the most prestigious properties for sale in St. Barts, including properties that are not offered for sale on the open market. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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luxury the seychelles

THE ULTIMATE IN ELEGANCE, COMFORT AND STYLE - BOTH ON AND OFF THE WATER A ‘once-in-a-lifetime’ opportunity to enjoy the luxury at Zil Pasyon in the Seychelles while at the same time experience the majestic elegance and stunning refinement of a Sunseeker motor yacht.  Zil Pasyon is a luxury escapist hideaway set International. Sunseeker’s pursuit of excelamidst the untouched beauty of Félicité Island, lence is exemplified by the fact that Sunseeker one of 115 islands in what is considered to yachts have featured in the last four James be the world’s most exclusive and unspoilt Bond films. tourism and yachting destination - the These two luxury brands have joined forces Seychelles. The islands’ dazzling coastline and to create a Shared Ownership scheme. This stunning beaches are reputed to be the most programme offers an unmatched opportunity beautiful in the world. for visionary buyers to experience the very Zil Pasyon boasts a limited collection of only best that Félicité Island and the Seychelles 21 Bond-style residences crafted for the have to offer, both on and off the water. world’s most discerning individuals. Each This unique Shared Ownership programme is contemporary villa combines barefoot luxury a cost-effective approach to ultra-luxury real and stunningly modern design with Félicité’s estate and yacht ownership. As the shared pure natural beauty and unrivalled world-class owner, you enjoy your exclusive villa and service and amenities. yacht without being solely responsible for the The luxury villas will be uniquely crafted to running cost. meld into their natural surroundings, while Prices for Shared Ownership (one-sixth fracunique design features such as swimming pool tion) range from £760,000 for a 3-bedroom ceilings and breathtaking views will conspire villa, inclusive of a Manhattan 52 Sunseeker to unleash a rare mix of luxury, indulgence and Yacht, to £2.4million for a 5-bedroom villa, sensual living. inclusive of a 30-metre Sunseeker Yacht. Unmatched. Desired. With 115 islands to explore, Zil Pasyon Signature Residences Worldwide has teamed up with the iconic and www.signatureresidencesworldwide.com world-renowned yacht builder Sunseeker +44 (0)20 7095 8701 44

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luxury spain

Jaw-droppingly palatial Luxury palace with amazing views of Ibiza Old Town and the Mediterranean Sea

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Property in Ibiza Town, which clusters around d’Alt Vila, the picturesque walled old quarter, is extremely sought-after. This beautiful district rises steeply from the harbour in a flurry of curling cobbled lanes, whitewashed houses and picturesque chapels and houses the 16th-century hilltop citadel and fortifications and a splendid 13th-century Gothic cathedral. This exceptional 18th-century palace, built in 1740 and located in a unique setting in the Old Town, is available for sale. The building has undergone an extensive renovation by a well-known German developer over the last three years. The palace boasts magnificent views of the Mediterranean Sea, the cathedral, the Old Town and the port.

The total constructed area is approximately 700m² and has all the elements that you would expect in a luxury property - multimedia room, entertainment lounge and a garage for two vehicles. The historical palace features several balconies, a 25m² terrace on the first floor and a 220m² roof terrace with swimming pool and barbecue. This is luxury palace living at its best. Price on request. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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Ibiza as it should be Impressive modern villa with dazzling views Located on the highest part of Benimussa, San José, in Ibiza, and surrounded by forest, this fantastic modern villa enjoys far-reaching views across the surrounding landscape and the Bay of San Antonio. Modern, stylish, spacious and superbly fitted and finished, the 5-bedroom villa offers the best in up-to-date comforts, luxuries and facilities with 200m² of built area on a 2,000m² plot. The architecture is clean and sleek, with large windows on all sides. The villa’s pièce de résistance is the exceptional 25-metre pool, set in the

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manicured gardens. Property prices for Ibiza villas have continued to grow steadily and the island’s increasing popularity as a second home destination, combined with its excellent summer rental potential, make Ibiza properties a sound real estate investment. Price: €1.69 million.  Modern Homes Worldwide www.modernhomesworldwide.com +44 (0)20 7095 8701

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A property jewel in Barcelona Spectacular palace-style mansion with amazing city and sea views

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Boasting panoramic views of the city of Barcelona, Collserola Natural Park and the Mediterranean Sea, this historic villa has a privileged setting in the village of Vallvidrera, outside Barcelona. On clear summer days, it is possible to clearly identify the island of Mallorca, and from the rear of the residence you can see the mountains of Montserrat. The villa, built in 1926-1928 by the architect J. Torres as a grand family home, is in need of a total renovation but has the potential to be absolutely fantastic once it has been restored to its full glory. The property, which has a total living area of 1,280m², would be ideal as a luxurious private residence, embassy or company head office. According to the planning regulations, either a residential or commercial use of the property is permitted.

Vallvidrera is one of the most singular areas in Barcelona because of its privileged geographic location overlooking the city from amazing heights. The area was once the most sought-after location for a summer residence for the Barcelona bourgeoisie. Today, Vallvidrera is home to many exclusive properties in which the owners live year-round. However, it still preserves some of its essential character: pure air, enviable landscapes and commanding views of the Catalonian capital and sparkling Mediterranean. Price on request. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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Clean lines defining modern, elegant living Family living and contemporary design are not always compatible, but this very desirable stylish home represents modern living at its best. The impressive 6-bedroom villa, in Madrid’s Montealina area, boasts 900m² of living space, complemented by superior quality and contemporary design on a 3,900m² plot. The contemporary-styled villa offers a multitude of features including a magnificent 100m² living room with a fireplace, dining room, a 100m² master bedroom with dressing room and bathroom,

gym with sauna and shower, wine cellar and garage for eight cars. It also features a spectacular swimming pool, outdoor barbecue and paddle tennis court. The villa is a showcase of sleek, modern architecture exemplified by an abundance of space, natural light and places to chill. Price: €4.9 million. Modern Homes Worldwide www.modernhomesworldwide.com +44 (0)20 7095 8701

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ultra-cool & fabulous 54

Stylish clean lines, modern design and impressive lack of clutter are what make this apartment stand out above the rest. Add to this the magnificent views of the Retiro Park, and the property is truly irresistible. With the aim of creating a modern living space, the apartment has been totally transformed into a contemporary personal haven. Sleek and

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spacious, the apartment boasts 90m² of living space. It features a large living room, kitchen, two bedrooms and two bathrooms.

important destination for all multinational companies wishing to do business and maintain a presence in Spain.

Modern metropolitan living at its best.

Price €895.000.

Madrid epitomises the classic and legendary, the trendy and modern, making it a very desirable city to live in. Madrid remains a very

Modern Homes Worldwide www.modernhomesworldwide.com +44 (0)20 7095 8701

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Waterfront living Mallorca with its incomparable natural beauty and laidback sophistication is hard to beat The area of Pollensa is one of the most delightful in Mallorca - it combines the sea, the countryside and the mountains with a great natural and cultural wealth. It boasts wonderful scenery, beautiful sandy beaches, inviting shallow waters and traditional quiet atmosphere. This luxury villa in Mallorca enjoys a privileged setting in the much sought-after and beautiful Pine Walk seafront in Puerto Pollensa. As the 7-bedroom residence is on the seafront, it

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enjoys panoramic views of the Pollensa Bay as well as direct access to the sandy beaches. The exclusive villa features a fantastic covered terrace with sandstone arches on the ground floor, plus a terrace on the first floor, both looking onto the sea. Price on request. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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MODERN ICONIC COUNTRY ESTATE IN A BEAUTIFUL SCENIC SETTING 58

Do you like the idea of owning a country estate in Mallorca but not too fond of the traditional finca? The alternative is this country estate at the cutting edge of contemporary design. This modern architect-designed luxury villa is a brilliant combination of design and engineering. Expertly crafted and sophisticated. Massive and exacting. And at the same time uncomplicated, delicate and energetic. A timeless and instantaneous modern classic!

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The contemporary country estate is set in a stunning, elevated location close to the Pollensa Golf Club, and only minutes away from Pollensa Old Town. The villa boasts panoramic sea and countryside views. The land plot is 55,000m², whilst the villa offers 600m² of living space, making it one of the most impressive country estates for sale in Mallorca.

The villa itself is a piece of art, offering a unique opportunity to own a designer home in a beautiful rural setting.  Price: €3.95 million.  Modern Homes Worldwide www.modernhomesworldwide.com +44 (0)20 7095 8701

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luxury switzerland

Swiss luxury mountain living Surrounded by meadows and mountains, vineyards and pastures, typical villages and internationally renowned destinations, the Villars-sur-Ollon region is everything you dreamed of in the mountain world Villars sits on a sunny terrace at 1,300 metres and is undoubtedly one of the best, and most easily accessible, four-season resorts in the Alps. Only a 90-minute drive from Geneva airport, and with excellent train connections, it is easy to visit Villars even if only for long weekends. The mountain resort has retained its traditional charm and strict building controls are in place to ensure that this will continue to be the case. Laced with streams, dotted with pines and ringed by the jagged tops of higher mountain ranges, it is a quintessential Alpine ski spot. Up-market and a well-kept secret, still busy all year, Villars is a perfect location for a second home. This luxury boutique development consists of four chalets, offering only 20 luxury ski apartments in total. The chalets are built according to typical local architecture and with authentic materials such as old wood and traditional stone roof. Finished to the highest standards, the ski apartments feature open fireplaces and either a balcony or a garden.

Apart from the idyllic location, residence owners will benefit from a sauna with showers and a cold pool in each chalet, heated open-air swimming pool, Spa, Hammam and fitness room. Concierge services, live-in caretaker and a covered car park round off the amenities of this luxury mountain property. As well as offering luxury mountain living, the apartments are also highly energyefficient. The environmentally friendly heating systems reduce the amount of CO2 emitted in the atmosphere by 150 tonnes per annum, resulting in energy savings of around 60 percent. Swiss property remains attractive and the Swiss Alps remain an excellent place to buy. Whether you are looking for a luxury ski property for personal use throughout the year or an investment to let, these Villars chalets provide a perfect opportunity. Prices from CHF1,245,640. Luxury Ski Properties www.luxuryskiproperties.com +44 (0)20 7095 8701

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Sleek, Stylish & Exclusive One of the most exclusive locations in Switzerland – Ronco sopra Ascona – is home to a small and prestigious development of only eight elegant, modern 2- and 3-bedroom residences, ranging from 228m² to 315m² living space. Ronco sopra Ascona, overlooking Lake Maggiore, is one of the most delightful places with an enchanting panorama of the lake, the mountains and the lovely Brissago Islands. The ultra-modern homes offer a totally uninterrupted connection to nature through their wide glass expanses. Each residence is carefully positioned to ensure the best possible view and maximised privacy. The space excels in uncompromising, modern design, but simultaneously meets the requirements of everyday life.

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In addition to the breathtaking panoramic views, each residence features open fireplace, private terrace and parking space. Residence owners can also take advantage of an on-site pool (14m x 4m) and separate moorings reserved in the extended harbour of Porto Ronco on Lake Maggiore. This is cool elegance and contemporary sophistication in a spectacular setting. Prices from CHF2.95 million. Modern Homes Worldwide www.modernhomesworldwide.com +44 (0)20 7095 8701

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luxury usa

‘Best of the Best’ Mountain Resort Community by the Robb Report Talisker Deer Valley is where legendary skiing meets world-class golf Living at Talisker Deer Valley is all about refined ease. All the exclusive services and amenities of belonging to a private club coupled with owning a mountain home that elevates every level of design and comfort. Spanning 10,000 glorious acres, an unmatched array of exceptional facilities, luxuries and amenities are available to the residence owners. Talisker offers Park City, Utah’s most exquisite residential community and private club. In 2009, Talisker was named Best of the Best Mountain Resort Community by the Robb Report and ranked #8 among Americas Top 100 Golf Communities by Travel + Leisure Golf. Through ownership and membership, Talisker Club provides its residents the opportunity to enjoy the finest life has to offer. Deer

Valley was ranked #1 in the U.S. for the third year in a row by Ski Magazine. Members-only amenities for the whole family include: Private clubhouses and on-mountain facilities • Championship golf course designed by Mark O’Meara • World-class skiing • Gourmet cuisine • State-of-the-art Spa and Fitness centres • Fly-fishing • Water sports • Wildstar Rangers Kids Programme. With homesites from US$275,000 and homes from US$1 million, unparalleled ownership opportunities are available in Talisker’s Empire Pass, Red Cloud and Tuhaye communities in Deer Valley. Luxury Ski Properties www.luxuryskiproperties.com +44 (0)20 7095 8701

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Ultra-modern, ultra-luxurious living in a historic neighbourhood The number of buyers who, in their quest for larger city homes, are showing interest in loft living continues to be strong. Most in demand are spacious loft-style residences with the finishes, amenities and services of luxury apartments. If the loft also features cutting-edge design in a historic building, it is sure to attract the attention of buyers looking for an alternative to the suburban lifestyle. An example is this unique loft in Castleberry Hill, one of Atlanta’s oldest and most eclectic neighbourhoods, with a rich culture and history.  The one-of-its-kind loft offers 7,703 sq. ft. of living space. The open, three-storey floor plan complements today’s casually elegant lifestyle. The gourmet kitchen is a chef’s dream, with top-of-the-line Gaggenau appliances, stunning breakfast bar and custom cabinetry. The master suite is spectacular, with Lutron motorized drapery, bar, Kohler Sok tub, 18-head stream shower and heated floors. The outdoor area features a heated inground pool (10’x40’), kitchen with Viking appliances as well as a fireplace. The basement boasts a state-of-the art Kaleidescape home cinema system and a fitness room with Hoist equipment. There is also a 12-car garage. Loft apartments epitomize luxury living, and this residence is a rare opportunity to acquire a piece of history. Price: US$9,999,999. Modern Homes Worldwide www.modernhomesworldwide.com +44 (0)20 7095 8701 www.theaddressmagazine.com

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luxury vietnam

Vietnam in style

Super-cool oceanfront villa resort, epitomising the understated charm and magnificent culture of Vietnam

Vietnam has emerged as Asia’s newest tiger economy, and stable social and political environments have ranked the country as one of the safest on the continent. Vietnam’s real estate market offers long-term leases to foreigners, creating high-yield opportunities for internationally-minded buyers and investors, with the Central Coast the place to be. This luxurious and stylish all-villa resort sits on one kilometre of private beach in Central Vietnam outside the quaint town of Hoi An, once a 16th-century trading port and now a UNESCO World Heritage site. Hoi An, with its 68

French quarter, pagodas and historical buildings, is one of the most exquisite destinations in Vietnam. The luxury development offers 40 pool villas for sale, each with its own landscaped garden and views of the South China Sea and offshore Cham Islands. The luxury villas feature distinctive Vietnamese design, set against the backdrop of the beauty of Central Vietnam. Inside you find effortless elegance: showers in private gardens, deep eggshell baths, supercool tented beds on raised platforms and a glass wall that opens onto a private terrace. 

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Dark woods, white walls, slate flooring and perfectly symmetrical architecture provide a frisson of designer chic, while infinity pools and manicured lawns complete the picture. Additionally, the pool villas offer butler service. Owners of the luxury villas at this awardwinning Vietnam property have access to a range of signature amenities, such as two gourmet restaurants, a stunning Spa, three beachfront swimming pools, a state-of-the-art health club, tennis courts, a separate kids’ club and a world-class 18-hole golf course designed by Colin Montgomerie, The Montgomerie Links.

The resort is managed by GHM, one of the leading luxury resort operators in the world. Unique and gracious, the culture of Central Vietnam, combined with the property’s unprecedented splendour, deliver one of the world’s foremost luxury experiences. Villas are available for ownership. Prices start at US$1.8 million for foreign investors. Signature Residences Worldwide www.signatureresidencesworldwide.com +44 (0)20 7095 8701

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Kitchen Confidential Michelin Star Chefs share their recipes In each issue of THE ADDRESS, great Chefs share their recipes from some of the world’s leading restaurants. In this issue, you will meet Chef Brett Graham, The Ledbury, London, UK and Chef Michael Hoffmann, Margaux, Berlin, Germany.

70 Restaurant Margaux, Berlin

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The Ledbury, London An elegant gastronomic gem • The Michelin-starred restaurant is housed in a high-ceiling room, full of drapes, mirrors, and leather seats • The modern French menu is imaginative and technically brilliant; each multi-faceted dish providing a medley of textures and flavours • The presentation is striking • The tasting menu is a tour de force • The dessert menu is as cleverly constructed as the rest of the carte • Don’t miss the Chef’s signature passion fruit soufflé with sauterne ice cream for dessert • The wine list shows profound knowledge of the world’s best producers • Top-class service provided by the knowledgeable and charming staff Brett Graham, The Ledbury

www.theledbury.com Margaux, Berlin A temple to gastronomy, a beautiful example of French Haute Cuisine • The Michelin-starred chef creates Cuisine Avantgarde Classique; classic French cuisine infused with avant-garde touches • The Chef regards his kitchen as a creative workshop where everything is prepared fresh, by hand, using only the very best, top quality produce originating from suppliers and producers known personally to the Chef • Summer is Chef Hoffmann’s favourite season where he uses up to 40 regional wild herbs in his cooking • Choose the Menu Voyage de Cuisine or the Voyage de Legumes, one of the best vegetarian menus in Germany • The grand wine list • The stunning, modern interior was designed by the noted architect Prof. Johanne Nalbach • Popular with celebrities as well as food-lovers 

Michael Hoffmann, Margaux

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COD WITH CRABS AND HORSERADISH SALAD OF CHICKWEED AND BITTERCRESS WITH CRAB SAUCE CARDINAL AND BRIOCHE OF HORSERADISH Courtesy of Chef Michael Hoffmann, Restaurant Margaux, Berlin, Germany

INGREDIENTS Cod 300g cod loin (centerpiece of the fish) 15g sugar 165g sea salt 10g ginger 1 lime 2 twigs fresh coriander 1l milk 2tbsp olive oil

Crabs 1-2 800g each

Sallad 60 cockles 60g chickweed 60g bittercress 30g wild garlic 3 radishes 6 sugar snaps 2 tbsp oil of May turnips 1 lime 100g fresh or frozen peas 50g butter 100ml cream fleur de Sel freshly ground green pepper sugar olive oil 72

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Sauce Cardinal 3 row female lobster heads 3 shallots 75g tomatoes 65g celery 50g fennel 1 garlic clove 1/8 bunch basil 500ml court-bouillon 500ml bouillon of clam/shell 6 egg yolks 1 egg 70ml olive oil 50g Beurre demi Sel (salted butter) 1tbsp rose paprika olive oil to roast sea salt Piment d´Espelette

Horseradish–Brioche 250g wheat flour 30g sugar 150g egg 8g fleur de Sel 15g yeast 200g butter 35g horseradish

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METHOD Cod „„ Peel and finely grate the ginger, grate the lime zest and mix with sea salt and sugar „„ Rub the centerpiece of the cod with the mix and put together with the coriander twigs into a vacuum bag. Close the bag and marinate for 24 hours. Subsequently, wash the sea salt off and put in milk for 8 hours. „„ Remove the cod from the milk and pat dry with a kitchen towel. Cut 6 evenly large pieces from the fish, rub all sides with olive oil and cover with plastic foil. „„ Cook at 65C/150F for approx. 20 minutes. Crabs Cook the crabs for 10 minutes in plenty of boiling water salted with sea salt (the water should have a strong taste of sea salt). Remove the crabs from the water and open.

„„

Salad Clean, wash and dry the chickweed, bittercress and wild garlic. „„ Slice the radishes thinly and the cut the sugar snaps into Julienne strips. „„ Mix everything and season with the oil of May turnips, Fleur de Sel and grated lime zest. „„ Wash the cockles and pat dry with a kitchen towel. „„ Heat the olive oil in a pot, add the cockles and cook until the shells of the cockles open. „„ Remove the cockles from their shells. „„ Simmer the peas in butter and cream, season with sea salt, sugar and freshly ground green pepper.  Cook until tender, drain, and puree the peas using a find sieve, fill a piping bag with the puree. „„

Sauce Cardinal „„ Peel shallots and garlic. Clean fennel and celery and cut all vegetable to a Mirepoix. „„ Half the lobster heads with a pair of scissors. Heat olive oil in a pot and lightly roast the halved lobster heads with the bowl side down. „„ Add and froth the Beurre demi Sel. Cover the lobster heads with the Rose Paprika, add the Mirepoix and sea salt (begin only now to stir). When the Mirepoix is lightly roasted, infuse with the court-bouillon and the bouillon of clam/shell. Add the basil and reduce to 400ml, filter and leave to cool. „„ Mix the liquid with the egg and egg yolk. Heat to 65C/150F stirring constantly and slowly add the olive oil, strain the sauce. Horseradish–Brioche „„ Mix all ingredients and knead slowly in a food processor with dough hooks until to the paste separates of the edge of the mixing bowl. Allow the paste to rise in a warm place until its size is doubled. Knead briefly and put into a buttered baking tin and the dough rise again. Bake with circulating air 165C/330F for approx. 33 minutes.

PRESENTATION Marinate the crab meat with some of the Sauce Cardinal and place on the cooked fish. „„ Pipe the pea puree on the plate. Heat the cockles over low heat in olive oil and put them on the pea puree. Pile the marinated salad on the crabs and poor the Sauce Cardinal around the crabs. „„ Remove the crust of the Brioche and cut into rectangles. Brown briefly with a Bunsen burner (thereby gets a light roasting note) and arrange on the plate. Wine recommendation: 2007 Riesling Spätlese “Eine Idee”, Vineyard Kirsten / Mosel „„

Serves 6 74

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CHESTNUT AND TRUFFLE SOUP Courtesy of Chef Brett Graham, The Ledbury, London, UK

INGREDIENTS Soup 12.5g butter

½ 75g 175g 750ml 12.5ml 50ml

white onion, finely diced sliced white button mushrooms fresh roasted and peeled chestnuts chicken stock truffle juice or a drop of truffle oil whipping cream

Truffle veloute 125ml double chicken stock 50ml milk 10g butter pinch of salt a drop of truffle oil 25ml truffle juice

METHOD „„

„„

„„

„„

To peel the chestnuts, score with a sharp knife and cook in a hot oven for a few minutes and peel whilst warm. Sweat the finely diced onions in butter with some salt until translucent. Add the thinly sliced mushrooms, sweat for a further few minutes then add the chestnuts. Pour on the chicken stock and simmer for 20 minutes, then blend with the truffle juice or oil. For the truffle veloute: Bring the double chicken, milk, truffle jus and salt to the boil, simmer for about 10 minutes. Add the butter and truffle oil. Boil and pass, foam with the hand blender.

PRESENTATION „„

„„

Pour the soup into a small cup, top with truffle velouté, julienne of truffle and sliced chestnuts. On the side serve a selection of duck canapés. Serves 5

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EUCALYPTUS GANACHE Courtesy of Chef Brett Graham, The Ledbury, London, UK

580g 41% valhrona chocolate

100g 30ml 295ml 100g 10g

eucalyptus honey water double cream butter dry eucalyptus

METHOD „„

„„

Place the honey and eucalyptus leaf into a medium size pot, bring to the boil and take to a caramel - stop with the water. Add the cream and bring back to the boil. Pass onto the chopped chocolate - stir with a spatula, add in the finally chopped butter, Stir until smooth, pour into a lined 30x30cm square mould. Once set brush the base with melted chocolate, set. Unmould and cut the ganache into 2.5x1.5cm rectangles, dip in tempered chocolate.

Makes approx. 70 squares

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With locations offering established or emerging overseas investment property markets, there are many attractive options. Here we give you the top 10 places to invest in 2010.

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Places to invest 2010

Many factors need to be taken into account when choosing your property investment location. The most important factor is supply and demand and their drivers over time. Over or under-supply will affect both the capital appreciation potential and the rental yield you might expect. Other key considerations include ease of purchase for international buyers, political matters, accessibility and infrastructure, the economy, tourism, access to finance and foreign investment. Investors are inevitably drawn to the current investment property hotspots, where property can be secured at comparably low prices. These areas often offer high capital appreciation, as tourism is attracted and re-development is undertaken to maximise rentals and the resulting returns. However, the world’s established property markets, such as Portugal and France, have maintained a consistent level of interest over the last 12 months. The key is the diverse selection of buyers who look to purchase in these destinations, from second home owners to those relocating for retirement to investors. This provides a constant supply of purchasers, ensuring a solid demand. Where are the best places to invest in property in 2010.

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BRAZIL

FRANCE

Brazil is predicted to be the next major investment property hotspot. This beautiful country offers more than just stunning beaches. The country is attracting a lot of inward investment, has one of the world’s fastest-growing economies, a rapidly emerging mortgage market, a general shortage of quality homes, and has been selected to host the 2014 football World Cup and 2016 Olympic Games. This will lead to the construction of new and improved infrastructure and homes across Brazil. The Brazilian president, Luiz Inacio Lula da Silva, has already pledged to spend up to £11.5bn on building a million new homes in Brazil between now and 2011. Also, Brazil has huge potential as a tourist and residential tourist hotspot: there is plenty of sunshine; more than 7,000 kilometres of coastline stretching across various climate zones; a good infrastructure; and importantly, good accessibility. There are more than 240 scheduled flights a week from the main European airports. Investment banking firm Goldman Sachs believes that Brazil’s economic growth could outstrip that of the other BRIC (Brazil, Russia, India and China) member nations over the next few years. Brazil’s economy is widely expected to become the fifth-largest in the world by the time the Olympic Games kicks off in 2016, and yet property and land prices still remain a fraction of those found in more developed nations.

France’s chic sophistication never fails to attract visitors, and this has contributed to its success as the world’s top tourist destination today. A modern culture and excellent infrastructure, in addition to a stable political and economic climate, all offer property purchasers in many key areas of France a lucrative investment option. The nation was the first European country to come out of recession in 2009, reflecting the fact that the global credit crunch had much less of an impact on France, compared to its European counterparts. Increasing property and mortgage transactions are boosting residential values, with the latest FNAIM data revealing that the average price of a French property appreciated by 2.8% between April and September 2009. Although average prices remain down 7.8% year-on-year, the market is generally expected to improve further, due to France’s prudent attitude to mortgage lending. Anyone taking out a mortgage in France is generally only permitted to borrow one-third of their total gross monthly income. This has ensured that mortgages remain readily available, with 100% loan-to-value home loans available at competitive borrowing rates. The capital city of Paris has long been identified as one of the most attractive European cities for investment, and is typically the most popular place to buy a home in France, along with destinations on Cote d’Azur, and in Provence, Languedoc and the Alps.

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ABU DHABI The recent property price falls in the fastgrowing UAE capital of Abu Dhabi, the richest and largest of the seven UAE states, have been nowhere near as severe as in neighbouring Dubai. The tax-efficient emirate has the largest fossil fuel reserve in the UAE, is the fourth-biggest natural gas producer in the world, has the world’s highest income per capita, is home to almost all of the Arabic Fortune 500 companies, and is currently sitting on more than 88 billion barrels of proven oil reserves. Yet Abu Dhabi is now actively trying to reduce its reliance on oil, and is diversifying its economy into the financial services and tourism sectors. Billions of pounds have been allocated for infrastructure projects and the development of residential, leisure and cultural schemes across the oil-rich emirate. The recent slowdown in the property market means that just 45,000 residences are anticipated to be completed in the capital in the next four years, augmenting the existing housing shortage. The supply of housing stock remains scant, partly because Abu Dhabi is not part of a community master plan like those pioneered by Emaar and Nakheel in Dubai. The housing shortfall in the capital is expected to stand at around 15,000 homes this year, which could mean that property prices and rents are forced up, while residential demand – domestic and international – is expected to increase.

ALGARVE, PORTUGAL  Portugal offers the kind of real estate market that can provide a steady return on your investment in the medium- and long-term. Buyers know they will get good year-round weather for lifestyle and reliable rental and 82

capital appreciation in the long-term because supply and demand are more carefully maintained than other destinations. There will always be steady growth, and you won’t see the boom and bust of Spain, for example. Builders in Portugal are well-known for their conservative attitude towards speculation, and the government has very careful guidelines in place to maintain the character and appearance of urban and rural areas. This control means that new property is carefully and responsibly built, with more emphasis on quality and how it integrates and affects the surrounding area. The Algarve is considered to be the jewel of Portugal’s crown. It is amongst the most popular destinations in Europe and can rightfully claim to have some of the most attractive beaches, services, towns and golfing facilities in the world. Also, the international airport of Faro boasts some of the best year-round connections to all major European airports. The Algarve’s popularity as a favourite secondhome destination continues, even throughout the current economic downturn.

THE CAYMAN ISLANDS There are a number of reasons why real estate investors are attracted to the Caymans, which has for many years enjoyed a thriving economy. Key is that there is no direct taxation whatsoever. With no direct taxation, the islands are a thriving offshore financial centre. One chief advantage of doing international business in Cayman is that the intellectual resources in all ventures relating to global finance are readily available from experienced practitioners. In fact, few other international financial centres come close to matching Cayman’s professional resources. British Dependency status assures investors of the island’s stability, and Cayman is signatory

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to international treaties and conventions. The Cayman Islands real estate market is uniquely attractive to those looking for an overseas vacation home, or a retirement residence. For property investors, it can offer a solid capital return on investment, as well as the chance to own a secluded piece of “paradise”. There are no restrictions on foreign ownership of real estate, and a modern land registration system is run by the government’s Department of Lands and Survey. There is a thoroughly modern infrastructure and a stringent building code. The benefits of Investing in Cayman Island real estate „„ No direct taxes imposed by the Cayman government: no property tax, no capital gains tax, no inheritance taxes, no income tax, no non-resident tax and no sales tax. „„ No restrictions on foreign ownership of real estate - ownership can be held in one or more names of individuals or in a corporation, which does not reveal actual ownership. „„ Stability and Security - the Cayman Islands has a stable government, sophisticated infrastructure and a strong economy based on international banking and tourism. „„ Privacy - no reporting of income or ownership to any government agency. „„ Caymanians enjoy one of the highest outputs per capita and one of the highest standards of living in the world. „„ The Cayman Islands offer a competitive offshore financial industry coupled with beautiful surroundings on one of the safest islands in the Caribbean; political stability through its relationship with the United Kingdom; accessibility of transportation; excellent communication; and the highest per capita income in the Caribbean.

AUSTRIA Looking at European property markets, Austria and Malta have been named the top ones (and equal second in the world) according to Knight Frank, based on year-on-year performances as of Q3 this year. Austria, which came second only to Israel, achieved price rises of 9.7 per cent in the year ending in the third quarter, which means it is the second-best performing market worldwide. The market in Austria is robust and resilient - ideal if you are looking overseas to invest. The country as a whole has fared well throughout the downturn and sellers have not had to resort to dropping prices as demand is high. According to a recently published study by Forbes, Austria is the best retirement haven. The ranking is based on a variety of criteria ranging from safety to retiree-friendly visa requirements to decent medical care. Vienna already gained first place in a ranking for cities offering the best quality of lifestyle, so the country’s ranking doesn’t come by surprise. Austria scores with high standards in lifestyle and medical service. The country’s private clinics are world-class. The country is certainly geographically stunning with lakes, forests, mountains and fabulous architecture aplenty. Economically, politically and socially it’s very well balanced, there is no high crime, the standard of living is very high and an increase in low-cost flights means that Austria now has plenty to offer the investor.

MAURITIUS Mauritius enjoys a booming and stable economy, with efficient global banking and communications that combine to make Mauritius a premier international business hub. Excellent telephone and IT connections, an advantageous tax structure and a robust European legal system all help to support a

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pleasurable lifestyle for business and relaxation. With both individual and corporate tax at a uniform rate of 15%, Mauritius has become one of the lowest tax platforms across the world. Mauritius is a well-sought after destination for many global business companies. The island is today home to more than 30,000 foreign companies from all over the world. Some of the unique elements that make Mauritius an attractive and competitive investment location include: „„ Political, economic and social stability; „„ Pro-business environment with a supportive government and a dynamic private sector very receptive to foreign investment and open for joint venture collaborations; „„ Preferential market access to the EU (under Cotonou Agreement), U.S.A. (under the Africa Growth and Opportunity Act-AGOA) and Africa (under COMESA and SADC); „„ High level of protection to investors as Mauritius has signed non-double taxation agreements with 33 countries so far, and is signatory to a number of Investment Promotion and Protection Agreements; „„ Mauritius is also a signatory member to a number of international, regional and bilateral conventions and agreements; „„ Ease of doing business for incorporation or registration of a company. One shareholder company, with no minimum capital requirement, is permissible and 100% foreign ownership is also allowed; „„ One of the world’s most generous tax regimes, where personal and corporate tax are harmonized at a low 15% and where dividends are tax-free; „„ Free repatriation of profits, dividends and capital. In addition, the Integrated Resort Scheme (IRS) has been introduced to attract inward 84

investment into Mauritius. IRS offers nonMauritian citizens the opportunity to acquire freehold residential property in specific resorts approved by the Board of Investment (BOI). This is a limited offering, as government policy gives provision for around 3,000 properties over the next 10 years. 

MONTENEGRO Despite being a small country, Montenegro shows significant economic potential, especially in tourism.  Its spectacular coastline and unspoilt natural beauty offers variety for even the most travelled vacationers. Set within one of the most diverse natural landscapes in the world are ancient UNESCO-protected towns, glaciated canyons, fjords, ancient forests and national parks. Montenegro is the new magnet for people seeking picturesque villas on the Mediterranean. The Montenegro travel and tourism economy is ranked No. 1 in Long-term (10-year) Growth out of 176 countries as estimated by the World Travel & Tourism Council and Oxford Economic Forecasting. Montenegro joined OSCE, the Organisation for Security and Co-operation in Europe (2006), became the 192nd member state of the United Nations (2006), joined NATO’s partnership for Peace program (2006), International Monetary Fund and World Bank (2007), the 47th member state of the Council of Europe (2007) and CEFTA (2007). The country already uses the euro as its official currency (2002) and expects EU candidate status in 2010. Additionally, Montenegro is a founding member of the Union for the Mediterranean upon its establishment in 2008.  It has been rumoured that Michael Douglas and Catherine Zeta-Jones, Venus and Serena Williams, Sharon Stone and Formula One driver Michael Schumacher have invested or

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are looking for property in Montenegro. At the moment, Russians are the biggest investors and Roman Abramovich, owner of Chelsea football club, was reported to be negotiating the purchase of an eight-mile beach to build a luxury resort. With the country’s economy undergoing growth along with foreign direct investment, the Montenegro property market promises to be an exciting long-term investment as well as a strong buy-to-let option.

OMAN The relaxed Arabian state of Oman, voted Destination of the Year 2008 by Vogue magazine, has long been a popular holidaying destination for people living in The GCC States (the six Arab states of the Persian Gulf ). With a population of around 2.3 million, Oman is being modernised and liberalised culturally and economically by hereditary Sultan, Qaboos Bin Said Al-Said, a forward-thinking leader. Sultan Qaboos’ strategy for economic growth - Vision 2020 - aims to diversify Oman’s economic dependency on oil, and focus on other industries, such as property and tourism. Demand for property in Oman is primarily being driven by the Sultan’s decision to introduce legislation in 2004 – ratified in 2006 – permitting foreigners to buy freehold property and land in designated tourist areas. These projects are referred to as Integrated Tourism Complexes (ITC). Furthermore, foreign homeowners can now apply for residency visas. The fact that Oman appeals to end-users – not just investors – means that the medium- to long-term prospects for the Omani property market growth looks good.

SWITZERLAND Many of the high earners currently living in Britain look set to quit the UK ahead of the

introduction of a 50% top tax rate in April 2010, and escape to more tax-friendly shores, such as Switzerland. The Swiss authorities are actively lobbying to attract many of these high-net worth individuals, who are being tempted by assurances that they will be allowed to steer clear of European Union regulation and Britain’s Financial Services Authority. It is estimated that hedge funds managing in the region of £10 billion in assets have already moved to Switzerland in the past year alone. This has increased demand for homes to rent and buy. Due to canton restrictions, it has previously been difficult for foreigners to buy property in Switzerland. However, the country has now eased its strict property buying regulations, and opened its doors to more international buyers, partly through the introduction of ”residence de tourisme” style investments, which is similar to the ever-popular leaseback formula in France. Switzerland, one of the richest nations in the world, is of course a tax haven. Anyone who sets up permanent residency in Switzerland would be entitled to take advantage of the country’s favourable tax laws, including the lump-sum taxation, which charges a levy based on people’s lifestyle and spending habits. The fact that one’s taxable income is charged at just five times their annual rent or rental value of their property, and that assets outside Switzerland remain tax-free, should ensure demand for Swiss properties - to rent and buy remains strong for years to come. Contact International Luxury Real Estate www.ilre.com +44 (0)20 7095 8701

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Insider’s Guide

Tokyo

In each issue of THE ADDRESS, Food & Travel’s Insiders share their highly personal and inspirational recommendations in our ongoing quest to unearth the best. In this issue, you will meet Chuck Arendt, who just returned from a journey to Tokyo. Chuck, who is constantly travelling the world, says that given one city to dine in, he would pick Tokyo – and revel in the extraordinary quality of its seafood. Tokyo is a city full of contrasts, a kaleidoscope of images where the futuristic present thrives alongside the traditional past. It really is traditional cherry blossoms versus sci-filike architecture. Chuck shares his best recommendations, ranging from restaurants to design.

WHERE TO STAY

WHERE TO EAT

Best Hotel

Best Ice Cream

Park Hotel It isn’t the fanciest hotel but it’s a competent boutique business-capable hotel with panoramic views of the city – at great value. The hotel begins on the 25th floor – ask for a room facing West to get a great view of the city, including the Tokyo Tower – but all rooms have views, as the middle of the tower is hollowed out. They also provide pillow consultants who will custom-pack pillows that fit your head and neck dimensions – only in Japan.

Pierre Marcolini It appears as just another international brand in Ginza with two sections – chocolates/ pastries and ice cream. The ice cream is the star, rich and chewy, falling somewhere between ice cream and gelato. On a fall afternoon, the almond milk flavor provided a delicious creamy richness.

Shidome Media Tower, 1-7-1 Higashi Shinbashi, Minato-ku www.parkhoteltokyo.com

Motoyama Milk Bar Located on the first level of the expat-packed Roppongi Hills, this is a milk-focused restau-

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5-5-8 Ginza, Chuo-Ku www.marcolini.be

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rant with a take-out window for soft-serve ice cream. All of the milk comes from Hokkaido and the purity of milk flavor in the ice cream is a revelation. A perfect treat for a long walk through Tokyo, as many routes seem to go through Roppongi Hills. Look for the milkable cow out front! Roppongi Hills, on Roppongi-dori www.motoyamamilkbar.jp

5-5-13 Ginza, Chuo-ku

Best Lunch Butagumi In many ways, Butagomi is a microcosm of the entire city – old and new, Japanese tradition with international influences. It is housed in a beautiful old building that has been completely re-designed to look older. Background music was strictly 80s (American) pop and the star, the rare Spanish Iberico ham, was sweet and moist. It is a decadence (frying the world’s most expensive pork) that must be tried. 2-24-9 Nishi-Azabu, Minato-ku

Kondo Like many high-end Japanese restaurants, patrons sit at a counter in Kondo, where the atmosphere can feel like a temple as everyone watches the chef ply his art. The speciality here are the freshest vegetables, fried in a light batter, for up to seven or ten courses. Fresh seafood (this is Tokyo after all) is also included in the standard menu.

Best Dinner Kojyu Kojyu is a kaiseki restaurant featuring some of the best ingredients in Japan with a very minimal, but refined, approach to cooking them. The meal is a synthesis of tradition, pottery, and storytelling; told in a very specific procession of dishes. The pottery used at Kojyu are Japanese landmarks. Sit at the counter and experience Chef Toru Okuda’s infectious enthusiasm – from joking to hauling out books,

Prada

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hoping to properly translate the food you are eating. One of the world’s great restaurants. 8-5-25 Ginza, Chuo-ku www.kojyu.jp

RyuGin Chef Seiji Yamamoto earned an international reputation for translating Spanish molecular gastronomy tricks into his native Japanese cuisine; but it is his respect for tradition, and pristine ingredients, that make his restaurant special. Yamamoto takes great pains to procure the very best, using his own fishermen instead of going through Tsukiji market. He is now cooking in a more traditional kaiseki format. Side Roppongi Bldg. 1F, 7-17-24 Roppongi, Minato www.nihonryori-ryugin.com

O’Shima O’Shima is located in the basement of a nondescript office building, with minimal markings. This is common in Tokyo but it certainly defies Western sensibilities. When the elevator door opens, a long counter is revealed with a few tables in back. The chef trained in France and English is spoken easily. There are more expensive beef restaurants, some topping US $700/pp, but O’Shima represents a good value for wagyu beef. Sit at the counter and tell them how many grams of beef you would like. 3-5-12 Nihonbashi, Chuo-ku

Best Patisserie Hidemi Sugino Hidemi Sugino is purported to a master of the mousse cake. The lines begin a half hour before opening and quickly snake to 20-25 people deep. Each person is limited to six selections and once the store sells out, they close. Flavors are of the season. The airiness of the cakes is impossible to describe or believe – just go early.

Best Sushi Sushi Mizutani Sushi Mizutani is reputed to be one of the few masters of sushi and it absolutely shows on his best pieces. The symbiosis of the temperature of his fish, the creaminess of the rice, and the fish:rice proportion represents an ideal for sushi. The efficiency of his hand movements and the small details as he prepare each piece of nigiri place Mizutani in a class by himself. Great for lunch or dinner. 8-2-10 Ginza, Chuo-ku

Sawada Where Mizutani is the master, Sawada is the challenging upstart that spares no expense. The small 6-person counter/room is immaculately decorated – this is a temple for some of the world’s highest quality fish. Piece after piece will be of a reference quality, particularly uni and tuna. The only downside is the variability of the rice; but do not let that stop you from enjoying that pristine fish. Great for lunch or dinner. MC Building 3F, 5-9-19 Ginza, Chuo-ku

Sushiso Masa Masa has taken the sashimi/sushi structure and put his own touch on it. For dinner, a parade of 40+ different types of fish (white fish is his speciality) is not uncommon. He mixes small grilled items, often related to the pieces before or after, to tell a story about the ingredients. The mood here is more playful than the seriousness at Sawada but there is no question that it is serious about fish. It also represents the best value and it is open quite late. Dinner only. B1 (Basement), 4-1-15 Nishi-Azabu, Minato-ku

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©TCVB

©TCVB

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WHAT TO DO & SEE Best Museums Bridgestone Museum of Art This is a short but sweet collection of the Impressionist and Ecole de Paris schools. It also contains works by some post-Meiji paintings that are done in style similar to some Western schools. It only takes an hour to walk through the entire collection which makes it great to take in before a lunch in nearby Ginza. 1-1-10 Kyobashi, Chuo-ku www.bridgestone-museum.gr.jp

The Ghibli Museum Purchase your tickets in advance to this cool museum dedicated to the work of Hayao Miyazaki, an anime master, who also designed the museum. He has been called the Japanese Walt Disney and he had some of the highest grossing movies in Japan. The museum captures some of the innocence of Miyazaki’s characters – there is no prescribed order and visitors are encouraged to follow their own paths - “let’s become lost children together.” Mitaka 1-1-83 Shimorenjaku www.ghibli-museum.jp

Idemitsu Museum of Arts An excellent collection of Zen calligraphy and ink paintings with great examples of Chinese porcelain and Japanese ceramics. The collection is well curated and offers a fantastic glimpse into the past. And then there’s the view – you practically look right over the tremendous Imperial Palace – not to be missed. Teigeki Bldg., 3-1-1, Marunouchi, Chiyoda-ku www.idemitsu.co.jp/museum/english/index.html

Best Oasis Aoyama Reien Japanese cemeteries can often provide a welcome respite from Tokyo’s fast-forward culture – peace, quiet, and a concentration of

the past that is hard to find anywhere in the city. There are a variety of styles, many similar but with endless differences, and one could spend days cataloguing the aesthetics. It is a delicate look into the next life – and worth a detour when walking by.

Best For Out of Town Kyoto Where Tokyo appears to be noisy and light, Kyoto offers a peacefulness that is hard to find in Tokyo. While it’s possible to do a day trip (the bullet train is only 2.5 hours), it is recommended that one stays at least two nights to see a lot of the historical beauty that Kyoto has to offer. There are many temples throughout the city and a walk along the old canal is a must.

Best Sightseeing Tsukiji A fascinating, if not stressful, tour de force of where much of the world’s sea food passes through en route to its final destination. The tuna auctions, at 5:30 am, are the star; but a stroll through the market around 7 am (no later) will reveal an intriguing and unbelievable market whose logistics are impossible to fathom. On display, row after row ad infinitum, are hundreds of sea creatures you’ve never seen. There is a great deal of blood and death (yes, there are creatures being slaughtered everywhere) so it’s not entirely for the squeamish. www.tsukiji-market.or.jp/youkoso/about_e.htm

Akihabara It’s technically a shopping area, where you can find anything technical, but it best serves as a guiding post for the future – as promised by Blade Runner and countess other sci-fi films. The stores are jammed together, crammed with thousands of products, and all of the products are bleeping, blooping, and flashing. It’s sensory overload and for anyone over 20, it just might be madness!

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Best Architecture & Design Prada The Prada store houses many of the current season’s trends but it is the building that garners the most attention. Its stated goal is to “encourage the meshing of consumption and culture”. The glass is concaved and bubbled and the view of it changes as one walks around it – different reflections of the same city. The inside is integrated as well, without much distinction between the traditional notions of showcase, walkways, and, even, outside views. Minato-ku , 5-2-6 Minami-Aoyama

WHERE TO SHOP

the highest quality, offering many international haute cuisine designers. It is fascinating to see all of the different brands and styles offered under one roof – in a way, it beckons back to the glory years of 1920s retail. 2-4-1 Nihombashi, Chuo-ku www.takashimaya.co.jp

The Backstreets of Shibuya-ku The narrow backstreets of Shibuya-ku offers an eclectic mix of underground, street, and haute fashion – all jammed side by side – in a style that can only be Tokyo. The limits of fashion are put to the test in some stores where crazy ideas take center stage. If you want to see the future of fashion, it is hiding in these alleys.

Takashimaya The Western ideas of department stores are generally mass merchandise goods but the Japanese counterparts are often very high-end. The Takashimaya store is generally considered

Berluti Women should not be the only ones to bask in the glory of a beautiful pair of shoes – and no men’s shoe is more beautiful than Berluti. It is a French house but the Japanese are in love with them (as evidenced by the five locations

Sawada, Image: Chuck Arendt

Berluti

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throughout the city, including the Takashimaya store.) The antiquing of the leather is remarkable and endless fascinating. They also create bags and briefcases using the same techniques. Aoyama Twin Building 1F, 1-1-1 Minami-Aoyama, Minato-Ku www.berluti.com

BEST KEPT SECRET

flavors are focused and bright. Excellent gifts for friends and family back home – provided you’ll see them shortly after returning. Roppongi Hills Keyakisaka-dori. 6-12-4 Roppongi, Minato-ku www.lcdh.jp 

Chuck Arendt

Le Chocolat de H Located in Roppongil Hills, Le Chocolat de H serves as an oasis from the Vegas-like atmosphere. It is a quiet and unassuming storefront that just happens to house what might be the world’s best chocolates. Resist the temptation to rush to the chocolate counter and, instead, sit down and relax in the lounge. The coffee is of the highest caliber and you may try a sampling of treats that are offered for sale. The chocolates are among the freshest and the

Chuck Arendt is a co-founder of Main Pursuit and the sole writer behind the cult favorite blog, ChuckEats - www.chuckeats.com. The upcoming Main Pursuit’s website, www.mainpursuit.com, will give travelers a new way to share and pursue their passions across the world. When not working on Main Pursuit or ChuckEats, Chuck can often be found tooling around San Francisco in search of the best ingredients for his own culinary creations.

Park Hotel

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Market Insights

from around the world

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Global property prices improve Knight Frank has released its latest Global House Price Index. Key highlights from the report are: „„ The recovery in global house prices continues, with values increasing in 68% of the countries reporting price changes for Q3 2009 „„ House prices, however, are still lower than 12 months ago in 57% of the locations „„ Israel remains the top performer over a 12-month period, with prices increasing 13.7% to the end of Q3 2009 „„ On a quarterly basis, Singapore saw the biggest rise, with prices up 15.2% during the third quarter of the year „„ Dubai recorded the largest annual drop (-47%), but posted moderate positive growth in Q3 “House prices are now rising in a clear majority of locations around the world, with almost 70% of the locations reporting growth in the third quarter of 2009. This compares with under 50% during the second three months of the year,” said Liam Bailey, head of residential research at Knight Frank. He added, “There is still, however, a clear polarisation from the top to the bottom of the table. Israel remains the best performer on an annual basis and is the only country to have recorded double-digit growth (+13.7%) during the past 12 months. Prices in Dubai have fallen the

most (-47%), despite posting a small recovery (1.2%) in the third quarter. The recent debt issues with Dubai World and the subsequent loss of confidence by investors means even this nascent rally is already under threat.” Property markets in Spain, Denmark and Ireland have yet to record their first quarter of growth since the credit crunch, largely due to an oversupply of housing, which is holding back prices.

French Lifestyle Best in Europe 2010 has also started positively for France, which has been voted the best country to live in the world out of 200 countries for the 5th year running, according to prestigious International Living magazine’s annual Quality of Life Index. France also remains the most visited country in the world, with 70 million tourists visiting annually according to the World Tourism Organisation (WTO).

Austria ranks No. 1 for being best retirement haven in the world by Forbes According to a recently published study by Forbes, Austria is the best retirement haven. The influential magazine also states that there is no overall paradise and each country is unique. The ranking is based on a variety of criteria ranging from safety to retiree-friendly visa requirements to decent medical care. Forbes cites elegant architec-

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ture, classical music, trams that run. Vienna offers the highest quality of life on the globe, according to Mercer, and medical insurers say its private clinics are world-class. Salzburg, Graz and Kitzbühel and surrounding hamlets have much to offer those who love mountains and the outdoors. Look at Austria as a lowercost Switzerland.

Mauritius is riding high on the global stage Overall, the property market in Mauritius has performed well throughout the last turbulent 18 months – quite an achievement since it is an emerging market for international property investors while other, more established, markets have fallen. This point was clearly highlighted in an article that appeared in the December issue of Finweek, one of South Africa’s leading financial publications: “... not one of the 400-odd overseas buyers who have bought into an IRS scheme since 2005 has resold at a loss. In fact, BOI figures show IRS property values have increased by an average 35%/year over the past two years.” Mauritius has so much to offer in terms of good governance, lifestyle, climate, infrastructure and personal and financial security, and 2010 is a very good time for overseas investors to investigate the opportunities this wonderful island offers. As one major inward investor recently commented in the Financial Times’ fDi Magazine: “This is one of the most progressive governments in the world ... The time to invest in Mauritius is now.”

and working conditions. Montpellier is France’s fastest-growing city (source INSEE) and, over the past 20 years, has grown to become France’s 8th largest city. Today, the Montpellier agglomeration area has a population of 420,000. According to Insee forecasts, this could grow by an additional 300,000 people by 2030. Montpellier is France’s third most significant urban area (excluding Paris) in terms of strategic jobs - those involving the highest brainpower potential, right behind Grenoble and Toulouse. Montpellier was designated as the lowest-cost city in Europe for setting up a company (KPMG report, 2006). Today, nearly 32,000 companies are already settled in the urban community of Montpellier, a figure that is destined to increase in the next 15 years, enough to confirm Montpellier’s position among the economic capitals of Southern Europe. In recent years, many high-tech corporations, including IBM and Dell, have opened offices in Montpellier. Ideally located seven kilometres from Mediterranean beaches - a true paradise for water sports such as kite surfing, wind surfing and boating, and just a quick drive to the Cévennes mountains, Montpellier also offers a world-class cultural atmosphere (Montpellier Dance Festival, Montpellier-Radio France Music Festival, Mediterranean Film Festival...), exceptional public infrastructure (Musée Fabre, Odysseum, Antigone Olympic swimming pool, Corum conference centre and concert hall, Zénith Sud auditorium...), and a top-quality transportation network.

Montpellier is the fastest-growing city in France

Mortgages for foreign property investors in Brazil expected within the next 12 months

Montpellier, the capital of the LanguedocRoussillon region, is one of the French people’s three favourite cities for its attractive living

The government and property industry in Brazil are putting pressure on the country’s banks to offer financing options to foreign investors who

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want a mortgage to buy real estate. Although buying off-plan is common in Brazil, and foreign buyers who live and work in Brazil can obtain a mortgage, international investors currently find it hard to obtain finance from Brazilian lenders. It is a situation that needs to change, according to Laercio de Souza, general co-ordinator for investment promotion at the Ministry of Tourism, and a former banker. He said that extensive negotiations are taking place with officials and he is confident that mortgages will be available to foreign real estate investors within the next 12 months.

Debt crisis expected to delay real estate recovery in Dubai until 2012 Residential real estate prices in Dubai are set to fall a further 10% in 2010, with the emirate’s debt problems likely to delay a property recovery until 2012, a survey says. Property prices in the Gulf emirate have only a 13% chance of picking up before 2011, according to the median forecast of 12 analysts at banks, investment firms and research institutions questioned by Reuters. Dubai rocked the financial world in November 2009 when it said it would ask creditors of Dubai World, the conglomerate behind its rapid expansion, and Nakheel, builder of its iconic palm-shaped islands, to agree to a standstill on billions of dollars of debt as a first step to restructuring. Prices are also set to fall a further 3% in 2011, according to the median of 10 forecasts. ”Conditions in the UAE property market will remain weak in 2010 because of unfavourable demographics, property oversupply and risks associated with cancelled or delayed projects,” said Keith Edwards, head of asset management at The First Investor in Qatar.

Dubai is expected to be oversupplied by 32,000 new homes by the end of 2010, according to Deutsche Bank figures.

Berlin real estate holding firm In the years after the fall of the Berlin Wall and German reunification, Berlin was the most affordable European capital when it came to residential real estate. More than twenty years later, average values in Berlin are still considerably lower than those in Paris or London, but the wide gap in prices of comparable luxury units is finally starting to narrow. The top end of Berlin’s residential market seems to have been holding firm despite the global downturn, thanks to strong interest from buyers in the Far East, Russia and the United States, as well as the European Union, including Germans. The banking crisis has left some wealthy Germans worried about leaving large amounts of money in their accounts or investing in stocks and shares. They have turned instead to bricks and mortar and a result has been increased sales to locals. This is a real change in a city where fewer than 15 percent of the 3.4 million residents own their homes.

Contact the following real estate companies for advice: International Luxury Real Estate www.ilre.com Signature Residences Worldwide www.signatureresidencesworldwide.com Modern Homes Worldwide www.modernhomesworldwide.com Luxury Ski Properties www.luxuryskiproperties.com Luxury Penthouses Worldwide www.luxurypenthousesworldwide.com

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A feast for all Senses Visit some of the world’s best food markets outside Europe

A Feast for all

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Food markets are a feast for all senses, a celebration of colours and flavours. In this issue we take you on a mouth-watering journey to experience some of the world’s most exciting food markets outside Europe, from Adelaide to Vancouver (if you missed the European food markets, please have a look at the previous issue). The local markets are a must-see for any traveller, not only to pick up some fresh items for a picnic, meal or snack, but also as a cultural experience and peek into the local daily life.

ADELAIDE, AUSTRALIA The Central Market The noise and the smells, the variety, the colours and the atmosphere of an international melting pot of food and cultures • A dazzling array of fruit and vegetables, meat and poultry, seafood, gourmet cheeses, bakery products, sweets, nuts and health foods • You will find veggies and fruits you’ve never heard of • The Chinese supermarket with aisles of mushrooms and fungi is a must • Don’t miss breakfast at Lucia’s if you can get a seat - try the poached eggs. www.adelaidecentralmarket.com.au

BANGKOK, THAILAND Chatuchak Weekend Market The largest weekend market in the world, selling anything and everything • Sprawling over 35 acres and comprised of more than 15,000 stalls • Silver jewellery, silk, snakes and street food are all part of the attraction of this vibrant slice of Bangkok life • The market is full of food stalls offering the usual selections of pad thai and tom yam that are dirt-cheap, but often taste fantastic • For the real adventurous eaters, multi-legged delights, such as fried cockroaches and grasshoppers, are also waiting to tickle your taste buds. www.chatuchak.org

Floating Markets Several floating markets (‘talaat naam’) in and around Bangkok offer a picture-postcard image of the traditional Thai way of life • Some of the major floating markets include Damnoen Saduak, Tha Kha, Bang Khu Wiang and Taling Chan • Is a daily riot of colours and noise • Is a very attractive place to see the old style and traditional way of selling and trading fruit and vegetables • Houses on stilts stand above vendors paddling boats around canals, evoking what once was the daily commerce routine throughout much of Bangkok • Small wooden boats laden with fruits, flowers, vegetables and other produce from nearby orchards and communities make it a colourful and bustling scene • You can find everything from vegetables and fruits to kitchen utensils and freshly-cooked noodles • Monks on their early morning alms rounds collect villagers’ offerings by boat.

BEIJING, CHINA Dong Hua Men Late-night dining is a favourite Beijing pastime, and the most authentic way to experience it is to visit a night market • Dating back to 1655, this night market is famous for its squeamish snacks • Sells snacks of snakes, scorpions and sea horses for the fearless, or shrimp, squid and sausages for the more pedestrian • The food stalls serve all manner of takeaway food,

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including such regular fare as noodles, soups and dumplings. However, the majority of them specialise in food on a stick.

CAIRO, EGYPT Khan El-Khalili A14th-century souk in the old Islamic quarter • Is a microcosm of Cairo life - the swirl of commerce, scent of spices, sounds of metalworkers and the variety of 1,001 Arabian goods, including the perfume and incense still used by Cairo’s faithful to purify themselves before prayer • Everything you’d expect in a grand bazaar is here: saffron and dried mint, syrup-soaked sweets, copperware, pyramids of melons, ful (mashed brown fava beans) • Don’t miss the mint tea at El-Fishawi Café, which has been managed by the same family and has remained open 24 hours a day since 1773.

CASTRIES, ST. LUCIA Castries Market A lively and colourful market bursting with tropical fruit and vegetables • The peoplewatching is terrific • Bright parasols shade this raucous, century-old market offering big green breadfruit, giant avocados and the island’s famous spices: star anise, nutmeg, vanilla • Buy hot pepper sauces that are native to the Caribbean • Try the steaming pots of cow heel soup and the decadent sweet potato pudding.

CHICAGO, UNITED STATES Chicago French Market You will find everything from locally grown fruits and vegetables to freshly-baked breads to artisanal cheeses • The adorable nuns of Fraternite Notre Dame have created a loyal following for their sweets and baked goods 100

• Vanille Patisserie, an award-winning French pastry shop that melds classic European traditions with modern flavours • The topnotch Pastoral Artisan Cheese, Bread & Wine shop • Fat Tuesday Paczki from Delightful Pastries is a must • Saigon Sisters, two sisters (and their mom) cooking up pho, banh mi and other Vietnamese items. www.frenchmarketchicago.com

DELHI, INDIA Chandni Chowk Established in the year 1650 and is regarded as being ‘South Asia’s Oldest Bazaar’ • Is Northern India’s largest and most frenetic outdoor bazaar, with its rickshaws, ox-carts and the deafening sounds of commerce • A heady mixture of history, modernity, tradition, religion, food, chaos and commerce, it is quintessentially Delhi • The area has a number of historically important buildings (including old pattern houses, havelis) and narrow lanes leading to them • Has a number of sub-markets like the famous spice market • There’s an encyclopaedic assortment of masalas and dried and candied fruit, huge tubs of paneer (fresh cheese), pyramids of mangoes and countless varieties of legumes • The century-old eateries in Chandni Chowk are famous in their own right - handed down from father to son, many of these businesses are now being managed by the fifth or sixth generations • More often than not, each shop has its own recipes, which are treated like family heirlooms • Don’t miss the oval mortars for grinding spices.

HO CHI MINH, VIETNAM Ben Thanh Market Frenetic, eclectic • With more than 3,000 stalls in the market, there is nothing you cannot find in this oldest and busiest market in Vietnam

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They have coffee beans for the insomniacs, snake wine for impotent men, enough bags and shoes to satisfy Imelda Marcos • This market is listed under Patricia Schultz’s “1,000 Places to See Before You Die” so it’s an absolute must • Expect a crowded atmosphere full of people, noise and tempting smells from the local food stalls at the back • In the open-air stalls surrounding the market are some nice little eateries that open just as the market itself starts closing down, and this is one of the best places to try authentic local cuisine.

KASHGAR, CHINA Kashgar Sunday Market For centuries this 2,000-year-old Silk Road trading centre has held an immense weekly market • Is a quintessential Central Asian experience • Originally a livestock market now separated to a nearby location. The livelier

livestock section is also worth a visit. Here you can test-ride a camel or scrutinise a yak’s molars • Food is everywhere - shish kebab grilling, bread baking in large clay ovens, watermelon sliced and sold off carts • Don’t miss the Uighur flat breads and lamb kebabs.

MANAUS, BRAZIL Mercado Municipal With its iron framework, made in Gustave Eiffel’s Paris workshop, and stained glass windows, it is modelled on the old Halles in Paris • Built right on the edge of the Amazon River • Is now protected as a national monument • A ‘temple’ dedicated to Amazonian biodiversity, a ‘museum’ of the soon-to-beeaten, all illuminated by strings of hanging 15-watt bulbs • Wonderful array of tropical fruit and vegetables, jungle herbs and scores of different fresh fishes.

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MARRAKECH, MOROCCO Djema el Fna A famous city square set amidst the ancient city walls of Marrakech’s medina • UNESCO declared it a World Heritage site in 2001 • Is an explosion of African, Berber and Arab entertainment • Djema el Fna is also the entrance to the marvellous world of souks, where the spice market is a must • As the sun sets, you will witness one of the greatest food spectacles in the world: the food stalls in the Djema el Fna. Hundreds of open kitchens are swiftly set up in tightly drawn rows, set with benches and illuminated by lights strung overhead • All types of Moroccan delicacies are on offer - from delicious kebabs and tasty sheep head to snail soup and expertly basted kebabs • Don’t miss the ‘dessert carts’, offering Pigeon b’steeya, a Moroccan phyllo pastry • Sit at one of the rooftop cafés to take in the spectacle with a glass of mint tea • In the evening, the drama of Djema el Fna can be best described as a medieval party. This is where fortune tellers, henna artists, fire eaters, snake charmers, story-tellers, hypnotic medicine men, cross -dressers, tooth-pullers, musicians including real Gnaoua, herbalists and acrobats call home. There are merchants hawking amulets and talismans preventing rheumatism, the evil eye or bad spirits.

MELBOURNE, AUSTRALIA Queen Victoria Market Is a Melbourne institution, officially opened in 1878 • One of the largest open-air markets in the Southern Hemisphere with more than 1,000 stalls • You will find every imaginable food item here, fresh, pickled, dead or alive, baked and bio-dynamic • Has Greek cheeses, Italian sausages, Tasmanian seafood, live rabbits, whole sides of lamb, and lychees and rambutans sold by Asian vendors with Aussie accents • There’s a wine market on weekends

Well-known chefs give cooking classes • Don’t miss the sausage rolls from the Bratwurst Shop. www.qvm.com.au

MEXICO CITY, MEXICO

Mercado de la Merced A quintessential Mexico City market; a vast fiesta of a central market • Dazzlingly colourful: vivid fabrics, mounds of spices, lush tropical fruits, piles of nopales, prickly cactus pears, with or without needles, more kinds of beans than is possible to imagine, and chillies, chillies, chillies in every shade of purple-black, green, orange, yellow and red, with fiery flavours from hot to inflammable • Don’t miss the fragrant Mexican vanilla and the lacquer-bright dried chillies • Prepared foods, including tamales, quesadillas and tacos of every description, are half the reason to visit • If you dare, try the edible flies or the ant eggs that are soft with a creamy, sweet taste • Located just across from the market, Mercado Sonora or the ‘witches market’ is definitely not to be missed. Mexicans flock here to buy herbal remedies, folk medicines, voodoo dolls, love potions and talismans.

NEW YORK CITY, UNITED STATES Essex Street Market A Lower East Side institution that’s been doing business since 1940 • Saxelby Cheesemongers is an adorable shop that sells handcrafted cheese in teeny-tiny batches. You’ll find everything from mozzarella to Maytag Dairy Blue. The shop houses a working cave calibrated to age the cheeses on-site • Formaggio Essex’s store is resplendent with beautifully wrapped and bottled jams, honeys, mustards, vinegars, olive oils and cured meats from small producers around the world. Many

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of the cheeses selected are hand-made and aged by some of the world’s most renowned affineurs, such as Pascal Beillevaire, Marcel Petite, and Giorgio and Giacomo Cravero • Jeffrey’s Meats offers more than 100 cuts of meat and about two dozen different animals and, like an old-time street vendor, can rattle them off at breakneck speed (“elk, antelope, alligator, buffalo, emu...”) • Roni-Sue’s Chocolates is a must. Specialities include truffles like the Portly Fig, dark-chocolate ganache mixed with ground figs, burnt fig jam and fig vinegar; the Frida Kahlo, with Mexican cinnamon, coffee bean, Kahlúa and a darkchocolate centre • Don’t miss the brunch at Shopsin’s with its eccentric owner Kenny Shopsin and a seemingly infinite menu. www.essexstreetmarket.com

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Union Square Greenmarket Offers the finest selection of farm goods available, including fresh fruits and vegetables, cheese, fish, breads, pastries, herbs, honey, maple syrup, preserves, eggs, dairy products, meats and poultry, wines, plants, flowers ... • Allows producers to come from a roughly 200-mile radius, bringing the best from farms in rural Connecticut and the Garden State of New Jersey • Many specialty items can be found here such as fresh pheasant, wild boar, fingerling potatoes and fiddlehead ferns • People are perusing for Vera’s fresh-cut flowers, Breezy Hill Orchard apples and Buon Pane brick oven bread • Don’t miss the raspberry apple cider from Red Jacket Orchards in Geneva, New York. The orchard has been in the same family for almost 50 years and delivers picture-perfect

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apples, stone fruits and berries • No one can turn down Martin’s Pretzels: hard, handmade and crunchy, with a perfect amount of coarse, savoury salt • Top chefs are jostling and elbowing each other for the best of Max Creek Hatchery’s rainbow trout, Hawthorne Valley Farms’ pork chops and spare ribs and Berryknoll farm tomatoes • Look out for the scheduled cookbook signings and cooking demonstrations as well as talking to celebrity chefs. www.cenyc.org

OAXACA, MEXICO Central de Abastos A four-acre riot of colours, smells and sounds, it is a gourmet’s dream • Aside from the region’s unique micro-climate, the Abastos offer such a range of ingredients because Oaxaca is home to at least 17 different ethnic Indian groups • You can find anything here from baked goods to live turkeys to fried ant eggs • You will find pigs’ heads, strangely unrecognisable vegetables, beautifully shaped breads and vast trays of fruit, such as tomatillos, which look like big gooseberries but have a citrusy flavour and are a key ingredient in Mexican salsas • Don’t miss the huge mangoes (known as petacon, literally meaning ‘big bum’), fiery spices and bright sauces and, of course, the blocks of cooking chocolate for which the country is so famous • At the popular Mole Oaxaca stall, moles of every description are ground and mixed on the spot • Oaxaca’s trademark drink is a must - the fiery, cactus-based tequila cousin, mezcal.

PISAC, PERU Pisac Sunday Market The Pisac Sunday Market on the Main Square turns this village in the Andean highlands into possibly the world’s most vibrant indigenous market • Do as the villagers do and drink

chicha (Andean corn beer) while you haggle for brightly-coloured alpaca wool, endless varieties of corn, beans, potatoes and chillies while a brass band plays in the background • Don’t miss the sweet rocoto chillies.

SAN FRANCISCO, UNITED STATES Ferry Plaza Farmers Market An attractive market with views of the bay • Since 1992 artisans have been selling heirloom produce that is hard to beat • The market offers produce and flowers from small regional farmers and ranchers • The emphasis is on wholesome, organic, seasonal fare and regional artisan specialities • Everyone has a favourite product: juicy Frog Hollow Farm peaches, Recchiuti Confections’ rose geranium chocolates, Acme Bakery’s olive-packed bread, Cowgirl Creamery’s artisanal cheeses • Is frequented regularly by celebrity chefs like Alice Waters and Charlie Trotter • Champagne and oysters at the Hog Island Oyster Company are a must • Also, Roli Roti’s Porchetta Sandwich is magical. www.ferryplazafarmersmarket.com

SANTIAGO, CHILE Mercado Central The stunning 1872 wrought-iron structure resembles a train station, with arched entranceways, stark white awnings and dramatic windows that offer abundant natural light • A lively ambience, excellent food and vociferous fruiterers and fishmongers • The market displays every kind of fish and shellfish available along the Chilean coast • The fishmongers demonstrate their skill at gutting and filleting amid a cacophony of frenzied buying • The seafood restaurants here are a must • Don’t miss a bowl of caldillo de congrio (a thick conger eel soup) or a tangy ceviche. www.mercadocentral.cl

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SAO PAULO, BRAZIL

SEOUL, SOUTH KOREA

Mercado Municipal Housed in a 1928 neo-baroque-style building, the hall is noted for its gigantic stained-glass windows, depicting scenes of cattle, market gardening and coffee and banana plantations • Is a quintessential hotspot for gourmets and food lovers • Houses 318 stands that sell just about everything edible and the quality is exceptional • Start with a cafezinho and the delicious cheese buns, pao de quijo • Wander through stalls selling fresh-water fish, herbs, pimentos in olive oil, beans and legumes and salad greens • For lunch, get a salt cod pastel from the famed Hocca Bar. Or the wildly popular mortadella sandwiches, filled with Italian cured sausage • This is the best place to try innumerable exotic fruits that rarely make it to other parts of the world, like acai berries, jabuticaba, bacuri and the local favourite, guanabano.

Noryangjin Fish Market This is one the greatest food spectacles on earth • Houses more than 700 shops selling fresh and dried fish and squid from 15 fishing ports around Korea • This is an authentic market where the floor is concrete, everyone is wearing rubber boots and blinding bulbs dangle over rows and rows of fish and anything else that is edible from the sea • It’s crammed with exotic sea creatures from every conceivable aquatic locale including some the most bizarre aquatic creatures you will ever see • Almost everything is still alive • There are acres of stingrays aligned precisely as roof tiles, gilt lengths of ribbonfish, regiments of pike, oceans of halibut, endless trays of pickled clams, and more kinds of jacks and mackerels and anchovies than is possible to identify • Put your purchases into plastic bags and go upstairs to one of the first-floor gallery’s bringyour-own restaurants, where they will cook your seafood for you. It’s brilliant: no cooking skills are required. You just hand over your bag of shopping to the waitress, pay a small cooking fee and buy the necessary accoutrements (soy sauce, wasabi, lettuce, kimchi) • Try the sannakji, baby octopus. They are often served up raw and still moving; sliced into small pieces that are dipped into red pepper paste and washed down with soju, a popular and inexpensive Korean alcohol • The market remains open 24 hours a day • An entire floor is devoted to auctioning of fish and remains especially crowded in the wee hours of the morning. The auction starts at 1am.

www.mercadomunicipal.com.br

SEATTLE, UNITED STATES Pike Place Market Is a Seattle institution, and the nation’s oldest continuously operating farmers’ market • Fish, fruit, produce and street food thrive here • Is famous for its fresh-off-the-boat seafood and the personalities of the quirky fishmongers working in the fish stalls • Every time a customer orders a whole fish, the monger du jour hurls someone’s dinner from one end of the floor to the elevated main counter where a second monger consistently and easily catches the fish • Some of Seattle’s best restaurants are tucked away in nooks and crannies on the numerous levels of the market • Don’t miss Daily Dozen Doughnut Company. Their doughnuts are hot and packed into brown paper bags. They come in plain, powdered sugar, cinnamon and sprinkles with chocolate • Uli’s and its Merguez on a baguette with mustard is a must. 106

SINGAPORE Kreta Ayer Wet Market A cacophonous hall is the backdrop for a wide variety of Asian greens, curry blends and pharmaceuticals made from sundry dried animal parts • Fearless local housewives can

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be seen picking from a selection of live snakes, turtles, frogs and black-skinned chickens that they’ll have for dinner • Fresh fruits like pomelos and tangerines and a wide selection of aromatic herbs and local sweets can also be sourced here • Stop by the huge food centre on the floor above the market for a breakfast of spicy noodle soup or Hainanese chicken rice.

SYDNEY Sydney Fish Market It offers the unique opportunity to experience a vivacious state-of-the-art working market • Is the largest market of its kind in the Southern Hemisphere as well as the world’s second-largest seafood market in terms of variety outside of Japan • It auctions more than 100 species daily, and trades close to 13,000 tonnes of seafood annually • The market is also home to the city’s top seafood retailers as well as delicatessens, oyster bars, sushi and sashimi bars and even a bakery and a butcher • Is host to the renowned Sydney Seafood School, which is considered to be one of Australia’s leading cooking schools. It holds

a variety of seafood cookery classes including popular favourites: laksa, chilli crab, barbecue, paella and risotto • A fresh seafood meal on the wharf overlooking the water is a must. www.sydneyfishmarket.com.au

TEL AVIV, ISRAEL Levinsky Market The pulsating market is a magnet for gourmets, attracting professional chefs, bakers and proud homemakers from all over the country • Scores of herbs, spices, dried fruits, nuts, sweetmeats, beans and pickles are available in jars, bottles, plastic bags and beige cloth sacks • Whether you are looking for a rare Indian spice or some good quality saffron - this is the place • Dina is one of the most prominent local characters - a third-generation spice merchant, she is the expert’s expert when it comes to hot, curried or sweet and sour foods from different ethnic cultures • If you step into one of the many bakeries, you might see almonds being peeled by hand one-by-one to make marzipan or spices being hand-grinded, their fresh scent floating high above the market.

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TOKYO, JAPAN Tsukiji Fish Market (Tokyo Central Wholesale Market) This frenetic warehouse complex is the global seafood exchange: More than 2,500 tonnes of about 450 varieties of fish and shellfish change hands daily • The number of registered employees varies from 60,000 to 65,000, including wholesalers, accountants, auctioneers, company officials and distributors • Is also one of the biggest food markets of any kinds, with vegetables, fruits, meat and flowers • The seafood ranges from tiny sardines to 350kg tuna, from cheap seaweed to the most expensive caviar • The record of the most expensive tuna in Tsukiji market was an enormous Bluefin tuna fish auctioned in 2001 with a price of US$184,000 • Try to attend the spectacular tuna auction - wholesalers walk up and down the rows, jotting down the numbers of the best-looking tuna, and by

5:30am, the tuna auction is well underway access is restricted for visitors • Don’t miss the astoundingly fresh sushi (with sake, for breakfast) at the tiny Daiwa Sushi nearby. If you go early, like before 7:30, you can beat the line and sit with old local customers. www.tsukiji-market.or.jp

TORONTO, CANADA St. Lawrence Market Is the oldest, continually operated market in North America • Built in 1844 as the first true Toronto City Hall, the building now has an exhibition hall upstairs, the Market Gallery, where the council chambers once stood • Brown Brothers Meat has been selling fresh cut meat at the St. Lawrence Market since 1895 • When Pope John Paul II was here, he sampled the signature Red Lavender jam at A Bisket A Basket. It made such an impression that he had two cases shipped to the Vatican.

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There are 90 types of jams and chutneys and a vibrant basil pesto • The hot horseradish mustard at Anton Kozlik’s Canadian Mustard is delicious. It also sells 37 different varieties including balsamic fig and date mustard and herbed rosemary • The Mustard Emporium offers more than 80 gourmet varieties (our tip: Rib-B-Que) • Don’t miss Rube’s Rice, which has endless varieties, from basic brown basmati to Jade Pearl with bamboo extract • The world famous ‘Peameal Bacon Sandwich’ at the Carousel Bakery is a must • The farmers’ market takes place on Saturdays, when Ontario growers offer sweet Niagara peaches and tart blueberry-like Saskatoon berries. www.stlawrencemarket.com

the buzz of people delighting in discovery • Housed in the gigantic shell of a former rope factory • You can get everything from justcaught salmon to packages of fresh herbs to a wonderful array of fresh produce, gourmet meats, bagels and handmade fudge • It is a great source of local produce, homemade products and unusual ingredients for exotic recipes. Wild fiddleheads, pine mushrooms, seaweed, stinging nettles - the list is endless • The Lobster Man can sell you just-offthe-boat Kumamoto oysters, fresh-smoked herring, salmon packed to take home, clams, mussels and, of course, lots of lobster • Don’t miss the Blueberry White Chocolate Bread at Terra Breads. www.granvilleisland.com

VANCOUVER, CANADA Granville Island Public Market The market offers all the heady excitement of a great covered food bazaar: colours, scents,

This feature is provided by Food & Travel Online. Launching summer 2010, it is possible to pre-register at www.foodandtravelonline.com already now.

Image: © Herve Guillaume

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THE ADDRESS CELEBRATES THE WORLD OF LUXURY REAL ESTATE, FOOD & TRAVEL

Š W International Management Ltd. All rights reserved. No part may be reproduced without the prior written permission of the publisher. While every effort has been made to offer information that is current, correct and clearly expressed, prices and details are subject to change including currency fluctuation. The accuracy of the information cannot be guaranteed and none of the information forms part of any contract. The information contained in this publication (including but not limited to, photographs, illustrations, plans, dimensions, descriptions, tables, projections and prices) is for guidance only and for no other purpose. While every effort has been made to offer current and accurate information, errors and amendments may occur. W International Management Ltd makes no warranties or representations as to the accuracy, correctness, reliability or otherwise with respect to such information, and assumes no liability or responsibility for any errors or omissions in the content contained in this publication. W International Management Ltd is not responsible for the results of actions taken on the basis of information contained in this publication, nor for any errors or omissions.

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