Project Opportunities
In
Jamaica
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LOGISTICS & INFRASTRUCTURE
Industrial Park Location: Kingston
There are approximately 80 hectares of land conveniently located in close proximity to Kingston Container Terminal (KCT) that are eminently suitable for providing a wide range of logistics activities for both the local and offshore markets. In total, this includes existing free zone sites, adjoining underutilized aerodrome, and unused terminal expansion lands. Together, these could be combined to develop and support on or near port logistics activities. This is in keeping with modern ports, in particular transshipment ports having evolved to include, logistics facilities and industrial parks or near-port facilities to enable a wide range of value-added services to be performed.
FACILITIES TO BE DEVELOPED WILL INCLUDE:
Warehousing, display, pick and pack, reconsolidation and distribution of cargo Sophisticated assembling, postponement, customization Light to advanced manufacturing Marine services, ship repair, dry docking, ship supplies (chandlery)
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A Preliminary feasibility study on a 10-acre phased development indicated:
The logistics activities will in their own right generate incremental cargo throughput over the port in the region of 40,000-50,000 TEUs/per annum in cargo volumes within three years. Increased employment, based on the type of value added activities undertaken, could result in new jobs in the region of 2,400-3,000. Local business and firms will be provided the opportunity to transition to (a) special economic zone (b) in many cases partner with international firms to provide value-added services (c) access new technology and knowledge transfer. Stimulate business activities in the port ecosystem with spill over in the wider economy. Facilities will utilise environmentally friendly technology – renewable energy solar panels as part of the buildings and energy efficient building technology. These are expected to reduce the carbon footprint while reducing the cost of energy.
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LOGISTICS & INFRASTRUCTURE
Caymanas Logistics Centre – North Mandela Park Location: St. Catherine
The North Mandela Park, part of the proposed Caymanas Economic Zone provides the opportunity for the development of a 200 acres mixed use logistics zone and is located at the convergence of three major highways, connecting the capital city, Kingston.
PROJECT FEATURES:
This Greenfield investment opportunity is part of the wider Caymanas Logistics Centre development seeking to attract eco-friendly business activity in light manufacturing and assembly, warehouses, ICT/BPO and other related facilities. Excellent road infrastructure which can support the warehousing and transportation industry.
Stable telecommunications grid (the Digicel Telecommunications Earth Tower) ensures high value added projects can be undertaken within a global focus, along with BPO facilities. Available labour is abundant due to the site’s proximity to the Caribbean’s largest suburban community, Portmore (182,000 residents) and the capital Kingston.
The investment modality is a Public-Private-Partnership.
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AGRICULTURE
Agro Parks
The Agro Park concept promotes intensive and targeted agricultural production in specific defined spaces utilizing optimum and efficient practices to yield product outputs, integrating all facets of the agricultural value chain from pre-production to production, post-harvesting and marketing. Products selected for production will have a high income potential due to high quality and outstanding flavour, such as the Jamaican Ginger,
Jamaica’s Agro Parks’ initiative was implemented in 2012 out of the need to increase agricultural production and improve the quality of produce for the domestic and international markets. In 2015 over 3.5 million kilogrammes of produce were reaped from the nine (9) Agro Parks established across the island. An additional twenty- one Agro Parks are to be established over the next three years as the government has identified 20,000 hectares for development.
KEY HIGHLIGHTS:
20,000 ha of land to be brought into production Potential for high yield production
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Capacity utilization support The Agro Investment Corporation is leasing lands in the Agro Parks for crop and livestock production.
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AGRICULTURE
Minard Estate Location: St. Ann
The Minard Estate cattle breeding station sits on over 1,600 acres of land just north of the town centre of Brown’s Town in St. Ann in northern Jamaica. Owned and operated by the Agro-Investment Corporation, the estate has been in operation for decades and has all the facilities needed for production of quality beef stock and cattle breeding. At present, the estate utilizes a little over 750 acres for pastures with the remainder in ruminate and fallow lands.
PROJECT CONCEPT:
The specific objective of this project is to refurbish 100 acres of pastures over a 24 month period. In the long term the project is seeking to increase the key performance indicators of weaner weight for female and male weaners respectively and to recover over 600 acres of pastures over a seven year development period.
PROJECT FETAURES
One thousand six-hundred acres with a base herd of 763 heads of beef cattle Currently 1,003 acres can easily be converted or maintained as pastures.
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KEY HIGHLIGHTS:
Average sale of 273.43 animals per annum Expand the total herd to 1,429 by PY7 Average annual net profits of J$5.24M
The Minard Estate is for sale.
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INFORMATION AND COMMUNICATIONS TECHNOLOGY
Port Authority of Jamaica
The Port Authority of Jamaica is entering the BPO sector through provision of property for lease, specifically geared to the requirements of this sector.
The PAJ has existing space of 700,000 sq. ft. across the island in close proximity to large talent pools. A major incentive is that these spaces and are located within the Montego Bay Free Zone (MBZ), the Kingston Free Zone (KFZ), the Jamaica International Free Zone (JIFZ) and the Portmore Informatics Park (PIP). The PAJ has three pipeline projects to increase its offerings by over 2 million square feet.
PROJECT FEATURES:
Montego Bay o March 2017 o 63,000 sq. ft. of new space o BPO incubator
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o On Site Customs and Training School Portmore Informatics Park o September 2017 o 150,000 sq. ft. of new space o Fully integrated facilities with health services, gym and parking Falmouth o Concept stage (2019/2020) o Greenfield project o Approximately 2 million square feet
The PAJ is offering a plug-and-play lease on the completed projects.
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Private Projects
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INFORMATION AND COMMUNICATIONS TECHNOLOGY
Barnett Tech Park Location: Montego Bay, St. James
The Barnett Tech Park (BTP) is a 48-acre Special Economic Zone (SEZ) owned, operated and developed by Barnett Ltd a Montego Bay based development company with over 25 years’ experience, serving the Business Process Outsourcing (BPO) and International Financial Services (IFS) Industry through 10 commercial development lots in an approved and operational facility varying in size from 2.5 to 7.5 acres.
Currently in the Barnett Tech Park are:
VistaPrint has its regional customer care and service facility – 800 seats Advanced Call Center Technologies (ACCT) – 600 seats in building 1 – 25,000 square feet Xerox – 500 seals in building 1 – 25,000 square feet Xerox – 1000 seats in building 2 – 50,000 square feet
The Tech Park is supported with infrastructure such as; central sewage, potable water,
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KEY HIGHLIGHTS:
The Tech Park offers a campus type environment where the BPO/IFS facilities will be supported by on site commercial services; food services, banking, day care, retail and fitness. Also to be located on adjacent property to the Tech Park will be the Montego Bay Campus of the University of the West Indies which is being designed to accommodate 8,000 tertiary level students and faculty. Numerous Government-approved and legislated investment and tax incentives. Access to a large pool of trained and educated workforce.
TYPE OF INVESTMENT REQUIRED:
Investors are invited to invest in the Tech Park in any or combination of the following ways:
Purchase lots for Custom-designed buildings to facilitate BPO or IFS – US$1.5M to US$4.0M Lease custom-built facilities for BPO/IFS Services Purchase or Lease and operate space within the commercial facilities Partner with Barnett Ltd in the build-out of BPO/IFS and Commercial Space.
Once a lot is purchased a minimum build out of 100,000 square feet of production space is projected at with an investment of not less than US$15M built out.
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INFORMATION AND COMMUNICATIONS TECHNOLOGY
BIOPRIST Locations: Sandy Bay, Lucea, Montego Bay
BIOPRIST Knowledge Parks has three ideal locations for BPO/ICT space. All locations are a combined total of 202,500 Sq. Ft. on 33 acres of land, situated along the Western end of the island in:
Montego Bay, St. James – 50,000 Sq. Ft. of BPO space available by summer 2015 - provides employment opportunity for a workforce of up to 2,500 persons and a full run of 3 shifts. Four (4) miles from Sangster International Airport in Freeport, flanked by other BPO operations. Lucea, Hanover – 60,308 Sq. Ft. of BPO office space provides employment opportunity for up to 2,500 persons and a full run of 3 shifts. 27 miles from Sangster International Airport.
The parks can accommodate future expansion and are either ocean front or ocean view.
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PROPOSED PROJECT FEATURES
PCI compliant facilities Fully secured with perimeter fencing and close to regional and local Police headquarters Equipped with fibre optic networks Has 1-2 standby generators Can provide combined employment for no less than 10,000 personnel at full capacity running 3 shifts Food courts, banks, ATMs, utility bill payments and money outlet transfers are being reviewed for incorporation
KEY HIGHLIGHTS
1 hour and 15 minutes travel time from Florida, USA within the same time zone Located in prime locations of Montego Bay and its suburbs
The parks will be available for lease.
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TOURISM
Seventh Harbour Location: Kingston
This is a planned 206-acre secure, self-contained, multi- functional recreational facility at the Gunboat Beach site in Palisadoes, the cusp of Kingston’s gateway. It is also adjacent to the Norman Manley International Airport. The project has been designed so that each of the major components can stand alone and independent of any other. Together, they make an exciting and bustling web of commercial activity that will revolutionize Palisadoes and indeed the Kingston Metropolitan Area (KMA).
PROJECT FEATURES
Entertainment, Restaurant and Gaming Centre Boat Tour Facility 200-Slip Marina, Marine Fuel Station and Harbour Mart Cruise Ship Pier Retail/Entertainment Complex Water Park
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20,000 Capacity Entertainment Complex Fine Dining Restaurant Museum of Jamaican Music 350-Room Hotel with Conference and Gaming Centre
KEY HIGHLIGHTS
. Five Minutes to the Norman Manley International Airport. Close proximity to Port Royal, a nominated World Heritage Site. Ideal access to Kingston’s vibrant and urban populace
The property is being offered for sale.
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TOURISM
Coral Springs Location: Trelawny
Located in Trelawny on Jamaica’s North Coast, this property consists of 360 acres.
PROJECT FEATURES
Bordered by beautiful beaches Ideal for subdivision into discreet parcels for varied tourism developments. Includes a small salt pond.
KEY HIGHLIGHTS
35-40 minutes from Sangster International Airport, Montego Bay Ideally positioned between Ocho Rios and Montego Bay
The property is being offered for sale, estimated value: US$60 million
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TOURISM
American Global MD Location: Montego Bay
The opportunity is available for investment in a medical facility in Jamaica, the leading tourism destination in the English-speaking Caribbean
American Global MD (AGMD) is a consortium of U.S board-certified physician-investors who are intent on creating a five star accredited facility to serve the needs of their patients as an alternative to utilising U.S based facilitates. This group of investors comprises active clinical practitioners in the United States possessing a comprehensive plan covering a three phase implementation.
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PROJECT FEATURES
Phase One to provide 50-75 bed facility dedicated to elective surgical procedures Phase Two provide an additional 50-75 beds for critical care and medical specialties Phase Three entails additional 50-75 beds, establishment of a teaching institute and student and faculty accommodations
KEY HIGHLIGHTS
Prime site located and under negotiation Site located in mecca tourism destination of Montego Bay Jamaica favourably ranked as a destination for medical tourism
The developers are seeking equity investment/joint partnership to finance $US35 million of the $50 million project.
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TOURISM
Malcolm Bay Location: St. Elizabeth
Covering 1,000 acres of plains on Jamaica’s South Coast, this vast property features a number of coves and a breathtakingly pristine white sand beach that extends for miles along its expanse.
PROPOSED FEATURES
Suitable for pioneer integrated resort investment with hotels/villas, upscale condominiums and water sports facility .KEY HIGHLIGHT
Close proximity to the famous Treasure Beach Attraction Ecological tourism along the Black and YS rivers, and in the Great Morass has been developed in recent years Close proximity to Black River; Jamaica’s longest river
The property is being offered for sale at US$45 million.
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TOURISM
San San Location: Portland
The San San Estate is one of the few remaining pristine properties in Jamaica where there is an opportunity for high-end resort development. The 600 acre property is located in Portland on the Eastern end of the island.
PROJECT FEATURES
Features the scenic San San Bay which consists of 10 acres with unsold villa lots and an 18- hole golf course. There is a significant portion of the land that is not yet developed, which offers exciting potential for villas, a hotel and the maximization of the golf course.
KEY HIGHLIGHTS
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Close proximity to Errol Flynn Marina Recent high-end developments in Portland in proximity One Hour away from Ian Fleming International Airport located in St. Mary Ideal for Eco-Tourism related projects
The property is for sale, estimated value: US$45 million.
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TOURISM
The Wexford Hotel Location: St. James
In the heart of Montego Bay the Wexford Hotel is a fully operational 85 room facility.
PROJECT FEATURES: The Wexford Hotel is located in Montego Bay, St. James on the famed Gloucester Avenue “Hip Strip”, which features popular shopping, dining and entertainment facilities. The hotel is ideally located 5 minutes from the Sangster International Airport, and is across the street from the famous Doctor’s Cave Beach.
KEY HIGHLIGHTS:
The Wexford Hotel has been recently renovated, and is fully operational with 85 rooms, recreational, dining and conference facilities. The room complement comprises two Executive Suites, five Junior Suites, 30 Ocean View rooms and 43 Garden View rooms. The hotel also offers some of the finest conference facilities in Montego Bay, with state-of-the-art equipment and 5,520 square feet of space that can accommodate up to 300 people. The hotel and property are being offered for sale as a fully operational facility at US$12,500,000.
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TOURISM
Llandovery Estates Location: St. Ann
Situated on Jamaica’s tourist belt the Llandovery Estates property comprises 1,000 acres of land, and is located about 50 minutes driving time from the Sangster International Airport in Montego Bay. The prime location is close to the major resort town of Ocho Rios and close to attractions such as the world famous Dunn’s River Falls and the Green Grotto Caves. Full designs have been done for a major development to include a mix of resorts, residences, recreational and retail facilities, as well as a golf course. Preliminary approval for the development has been obtained from the National Environmental Planning Agency of Jamaica.
PROJECT FEATURES:
The property is divided by the main highway between Ocho Rios and Montego Bay, with 170 acres being on the northern oceanside and the remainder on the southern side of the highway. The oceanfront property boasts a 1km long beachfront Llandovery Estates is characterized by rolling terrain with flatter lands
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grading down to the sea.
KEY HIGHLIGHTS: Natural water features such as a fresh spring, a river running through the property and a waterfall. The terrain features gently sloping land, and has great views.
The entire property is being offered for sale at US$70,000,000.
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TOURISM
Jamaica Palace Hotel Location: Portland
The Jamaica Palace Hotel is located on the east coast of Portland, Jamaica. This 5 acre property comprises 80 uniquely designed rooms and suites.
PROJECT FEATURES:
Jamaica Palace offers guests an authentic Jamaica experience away from the hustle of the city and high density areas, located 2 and a half hours from the Sangster International Airport. One of the most luxurious and elegant hotels in Portland, the location offers a cool climate, lush greenery, beautiful beaches, several waterfalls and the spectacular Blue Mountains. The property is in walking distance to several private coves and beaches, such as Frenchmen’s Cove and San San beach. The world famous Blue Lagoon, as well as Navy Island, are two other attractions that are nearby.
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There is an additional 7 acres of land adjoining the Jamaica Palace, which is available for purchase to upgrade the existing development.
KEY HIGHLIGHTS:
Portland remains a very sought after location, and has a quality that cannot be replicated anywhere else on the island. Due to its abundance of natural resources, small scale but high-end development, and the relatively quiet ambiance of the parish, Portland is very attractive to persons wishing to visit Jamaica for a relaxing vacation. The Jamaica Palace Hotel is therefore a solid investment.
The hotel is being offered for sale at a list price of US$10,000,000.
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TOURISM
Old Hope Location: Westmoreland
This large Westmoreland property rests on 302 acres of flat land, 20 minutes from the resort town of Negril.
PROJECT FEATURES
The Old Hope property has a 1km long beachfront Sixty (60) acres of mangrove with thick shrubbery, ponds and wetlands ideal for a nature reserve and natural habitat for marine life
KEY HIGHLIGHTS
The property is in a very desirable location, and ranks with other resort and residential communities of Hope Wharf and Coconut Grove, which are in high demand Water supply, electricity and telephone services are all available to the property
The property is being offered for sale at a list price of US$15 million
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TOURISM
Turtle Crawl Location: Portland
Hidden away in Turtle Crawl Bay, this 43 acre property offers the perfect private getaway surrounded by the natural beauty of the parish of Portland in eastern Jamaica.
PROJECT FEATURES:
Approved designs for 32 high end villas, three different types to match the slope of the land from 80 to 410 feet above sea level Luxury accommodation in an unspoilt location
KEY HIGHLIGHTS:
Close proximity to the Frenchman’s Cove beach and Ian Fleming Airport Panoramic view of the harbour and Port Antonio at the highest elevation
The Turtle Crawl property is on sale for US$1 million.
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TOURISM Shovel Ready Investment Opportunities
The Shovel Ready Investment Programme (SRIP) is
a Government of Jamaica (GoJ) approved initiative aimed at fast-tracking and promoting investments in key growth sectors in Jamaica. In an effort to remove impediments to the tourism investment
process, the SRIP was launched in 2014 and is funded by the Tourism Enhancement Fund (TEF).
The programme currently features14 investment ready publicly held and private lands along Jamaica’s coast which are ideally suited to the development of hotel resorts and attractions.
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Amaterra Resort Township & Golf Course Location: Trelawny
Along the sapphire seas of the north coast, between the island’s two largest tourist centres Montego Bay and Ocho Rios, the Amaterra Resort development spans over 1,030 acres of prime land with an assortment of resorts, residential and commercial properties blended into the scenic topography of Duncans Trelawny. Within 10 minutes of the historic Falmouth Pier, Amaterra bares several features; expanse sandy beaches, accentuated by majestic limestone cliffs towering above the Caribbean Sea with direct exposure to the north-east trade winds.
The proposed development comprises of over 40 approved parcels of land which can be further subdivided into residential lots and five parcels for five (5) five star hotels, providing over 2,300 rooms, all overlooking the Caribbean Sea
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Cardiff Hall Properties Location: St. Ann
The Cardiff Hall properties are government of Jamaica owned lands, packaged for tourism development.
Along the coast of Runaway Bay St. Ann is the 11 acre property well-guarded secret paradise. The property is perfect for a secluded hideaway vacation, with an intimate setting for your special event or a professional atmosphere for your corporate engagement. It is also suitable for a destination spa. o The recommended sale price is US$2.4 million. Inland of the Cardiff Hall community is a 21 acre property on a level parcel of land, conveniently situated on a strip rife with tourist activities. Beaches, hotels and an 18-hole championship golf course with club facilities flank this property. o The recommended sale price is US$1.4 million
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Ciboney Culloden Location: Westmoreland
The Ciboney Culloden property is 17.06 acres of the perfect private getaway, tucked away in Westmoreland, along Jamaica’s south coast. The property forms part of a recently established subdivision and is located in an area which has been developing steadily over the past 5 to 7 years with a number of private dwelling houses and most recently, the development of the Sandals Whitehouse to the west.
The property is for sale at a price of US$2 million.
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Cotton Tree Bay Location: Hanover
Cotton Tree Bay is a 200 acre property boasting 2 miles of waterfront with white sand beach. The property can be accessed via the super highway connecting Montego Bay and Negril. The offered property starts at the eastern point of Green Island Bay and continues for 2 miles east along the northern coastline.
The property is for sale at a projected value of US$10 million.
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East End Jamaica Location: St. Thomas
One of the last large tracks of white sand seashore in Jamaica, East End’s natural and unspoilt characteristics suggest great potential for the development of a single, multi- faceted and unique resort. This potential, coupled with worldwide growth of tourism and identification of eco-tourism as high growth market segment, points naturally to specific development themes for the property
PROJECT FEATURES:
1,044 acres of undeveloped land featuring mangrove/wetlands, flat scrubland and beaches Four white sand beaches of 2.24 kilometres
The property is for sale at a price of US$25 million
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Haughton Hall Location: Hanover
Haughton Hall is 500 acres of lush coastline that is a mere 15 minutes east of the popular resort town of Negril. This property has a main road running through it, separating the beachfront from the rest of the property which could allow for development on two separate sites: The 174 acres long beachfront offers a mile long beach and presents a viable potential for the development of high-end condominiums and hotels while, the 350 acres of the property on the opposite side of the road, 350 are available for subdivision for housing and commercial development.
The property is being sold based on a valuation price of US$15 million.
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Jobson Peninsula Location: Trelawny
Jobson Peninsula is an extensive 380-acre (~1,547,358 m. sq.) with easy access to the North Coast Highway from Montego Bay to Ocho Rios. The property is four miles from the North Coast Highway and 17 miles from Sangster International Airport. The property offers more than 1.5 km of pristine white sandy beaches located in the Parish of Trelawny. It lies within walking distance of the historic, romantic town of Falmouth, which boasts a port used by the world largest cruise lines.
The property is suitable for Eco Resorts, Hotels, Timeshare, and as a Private Marina and related activities
Proposals for joint venture partnership, partial divestment or full sale of the property or other feasible investment modality are welcomed.
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Mammee Bay Resorts Location: St. Ann
The Mammee Bay Resort property is 29.25 acres of prime beachfront, ideally situated on Jamaica’s north coast in the parish of St. Ann, approximately sixty miles from Montego Bay and sandwiched by major tourist hubs, Ocho Rios and the Trelawny Cruise Ship Pier. The property could easily be considered an architect’s dream, providing the ideal location to create a major resort development that would capitalize on the many historical features of Ocho Rios and its environs. The property represents an excellent project area for any major 4/5 star hotel, or any upscale resort development. Its overall favourable strategic position, midway between Kingston and Montego Bay, allows for convenient access to both the Sangster International Airport in Montego Bay and the Norman Manley International Airport in Kingston - the hub for international business travel to the island.
The property is for sale based on a valuation of US$30 million,
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Paradise Park Location: Westmoreland
Paradise Park Estate is a just under 1,900 acres of rolling pastures on relatively flat land on Jamaica’s southern coast. The eco-park has stretches of unspoilt palm tree forests and wetlands framed by the blue horizon of the Caribbean Sea. The property also has approximately 2,230 feet of white sandy beach on the western side of world famous Bluefields Bay. Paradise Park Estate also has one of the best and longest white sandy beaches in Jamaica, and is ideally suited for hotel and residential development, a small harbour to accommodate pleasure yachts and small boats as well as two (2) 18-hole golf courses.
This property is for sale at US$70 million and is negotiable.
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Rose Hall Estates Location: St. James
Rose Hall community of resorts is a master plan development and sets a standard in the Caribbean Resort market. It comprises four (4) distinct – yet complementary properties:
- Caribbean Cove, Rose Hall – 813 acres of prime land with ocean frontage of 3,900 ft - The Aqueduct, Rose Hall – 276 acres flanked by 840 ft of pristine beachfront and golf courses - Seaside at Rose Hall – 26.8 acres with 2,870 ft of unspoilt beachfront - The Palms at Rose Hall – 9 acres of magnificent greenery with a 1,300 ft of beachfront and coastal reef
Located on the north coast of Jamaica in the parish of St. James, east of the Donald Sangster International Airport and the Montego Bay Cruise Ship Pier, and west of the Falmouth Cruise Ship Pier, the four properties in the Rose Hall Development offer opportunities to investors interested in acquiring and developing luxury resorts along
41 | P a g e the Caribbean Sea. Within close proximity of each other, the four locations are accessed from the North Coast Highway with sizes ranging from 9 to 81 acres. Infrastructure such as sewage disposal, potable and non-potable water, telecommunication and electrical services are readily available with connections off the North Coast highway.
The properties are for sale within the price range of US$750,000 – US$1.2 million per acre.
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AGRICULTURE
Caribbean Mariculture
Location: Old Harbour Bay, St. Catherine
Caribbean Mariculture is a 250 acre marine shrimp and fish farm designed to supply both the domestic and overseas markets. The firm aims to create a space in the domestic market, supplying homes, restaurants and hotels with competitive products. As a key sector in the development of Jamaica, the overall goal is to contribute returns on investment for shareholders and the growth of a key productive sector. Presently Jamaica exports US$10 million in seafood to key overseas markets in North America, Europe and Asia. With ocean stocks of shrimp, lobster and other marine life depleting, mariculture activities can add value to the sector and boost production and export.
The farm has a production capacity of 127 pond acres. It is leased from the Jamaica Agricultural Development Foundation (JADF). The project is on offer for US$4 million with a 60:40 debt to equity ratio.
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AGRICULTURE
Alcoffarm Location: St. Andrew
Located in the island’s cool Blue Mountain terrain at elevations of 200m and 450m above sea level are two (2) coffee farms, Mt. Dakin (106 acres) and New Garden (36 acres). The properties are naturally irrigated by rivers and streams that run throughout them.
PROJECT FEATURES
Farmlands consist of 158 acres, across 2 discreet properties, previously operated as coffee farms Structures on the property include a farm house which can house 25 workers and a coffee floating tank.
The farmlands are being offered for sale.
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CREATIVE INDUSTRIES
Good Year Film Production Facility Location: St. Thomas
The Good Year Facility is a twenty (20) acre property situated along the Morant Bay main road in St. Thomas. As the name suggests, the premises once housed the Good Year Tyre Factory. Located approximately 30 minutes from Kingston, the property is ideally suited to be transformed into a full Film Production facility with the following elements included:
Cinema/Performing Arts Centre 30,000 sq ft Film Lot Business Centre Self-contained residences Gym Jogging/Nature Trail
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Key to the creation of a Film Production Facility in Jamaica is the establishment of soundstage space along with production support facilities, which the Good Year facility can comfortably accommodate. A custom-built studio hub will increase Jamaica’s production capacity for film and by extension the quantity of exports which the country produces. Morant Bay has the benefit of two landscapes, rolling vistas and expansive sea front both of which have their own demands.
The owners are seeking to lease the property for development of the facility.
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Creative Industries
Jamaica Center of Innovation and Digital Content Creation Location: St. Andrew
The Jamaica Center of Innovation and Digital Content Creation (JCIDCC) is a multi- stakeholder project seeking to increase the capacity of the domestic workforce in the creative industries specifically digital animation and special effects for movie and television production. The project is being supported by the Government of Jamaica along with CA Foundation, Studio C, Andrew Adamson and the United Talent Agency.
The project is supported by key industry personnel who see Jamaica as a potential hub for the development of content. Key backers include:
Andrew Adamson: best known for writing, producing and directing Shrek, Shrek 2 and has been nominated for an Oscar. Carlos Arguello: best known for his participation as visual effects supervisor for Space Jam, Armageddon, and The Devil's Advocate, among others. He is the
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founder of Studio C and CA Foundation which has trained more than 3,000 young people in Latin America. UTA is globally recognized in the areas of film finance, film packaging, corporate consulting, branding & licensing, endorsements and the representation of production talent.
The proposed location of the opportunity is the main campus of the Vocational Training Development Institute (VTDI), Gordon Town Road, Saint Andrew.
The coordinators are seeking US$3 million of equity investment.
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MINING
Leyden Aggregates Location: St. James
Leyden Aggregates Ltd is located in the North-Western parish of St. James close to major tourism and housing developments in the Western region. The company’s mining and quarrying activities sit on 80 acres and is able to produce igneous materials for the manufacture of sand, road and non-skid aggregate.
PROJECT FEATURES:
Current market trends identify a demand of 2 million tonnes of sand in Western Jamaica with little production in the region. The high cost of transporting sand across the island therefore positions Leyden Aggregates with the advantage of producing in-demand products at a high quality and at an affordable cost to command market share. The company projects the production of 500,000 tons of sand in the first year of operation, doubling to 1,000,000 in year two, amounting to 25-50% of the demand in Western Jamaica.
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KEY HIGHLIGHTS:
Leyden Aggregates is the only large deposit of Andesite in Jamaica meeting international standards for non-skid aggregate and sand.
An investment of US$10,195,500 for 30% equity or US$13,594,000 for 40% can be negotiated.
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LOGISTICS
New Esquivel Industrial Port & Park Location: St. Catherine
The New Esquivel Industrial Port & Park Project is a private sector venture based on the Government of Jamaica’s initiative to develop special economic zone logistic centres at strategic locations across the Island.
The project lies in the dormitory “city” of Portmore in St. Catherine, Jamaica, bordering the capital of Kingston. The venture has acquired preliminary clearances from the National Environment and Planning Agency and the Development Assistance Committee (NEPA/DAC) for the project, meaning reduced timelines to implementation.
Project Outline
New Esquivel is a minerals and energy based industrial and commercial development
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Also available from the holding company Old Harbour Estates are the following assets:
approximately 500 hundred acres at the proposed location with an agreement to acquire a further 250 acres adjoining the existing parcel Additionally, the Company has approximately 500 acres (170 of which is slated for housing), and has first-right-of-refusal on an additional 100 acre parcel that again adjoins the above mentioned lands.
The development already has substantial support infrastructure in the area such as:
Access to Highway 2000 (with close proximity to Kingston and the North-South Highway) Working Railway (proximity to mineral deposits) Operational Sea Port (WINDALCO’s Port Esquivel) Largest power generation and distribution facility in the Island (JPS) Fastest growing population centre in Jamaica
Along with the above, Jamaica’s strategic location with proximity to major shipping lanes, the Panama Canal and major regional markets makes the New Esquivel project an investment opportunity able to provide attractive medium and long-term returns to investors and the Island as a whole.
The developers are seeking equity investment of approximately US$20 Million.
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COMMERCIAL REAL ESTATE
Rockfield Location: St. Ann
Rockfield is a countryside property, situated in the hills of St. Ann. This 336.8 acre property is 1500ft above sea level in Higgin Town. From the mountain top unfolds stunning panoramic views and rural charm overlooking Ocho Rios and the Caribbean Sea on one side and the lush rolling mountains on the other. This property is approximately fifteen minutes from St. Ann's Bay and half an hour to Ocho Rios, one of the tourist hubs on the North Coast.
Rockfield is an old dairy and produce farm rich with history, it has flat to undulating terrain - open areas as well as hilly forested areas. It contains many pastures, and catchment ponds.
The terrain, location, character and quick access to the highway opens tremendous
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Agriculture – livestock rearing Manufacturing Tourism Energy
The property is being offered for sale at US$550,000
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COMMERCIAL DEVELOPMENT
Spanish Town Commercial Park Location: St. Catherine
The Spanish Town Commercial Park offers investors the opportunity to develop prime real estate in a growing community. The project is 15.6 acres of shovel ready property adjacent to the highway and main streams of traffic.
Spanish Town is a developing area with untapped opportunities to be exploited by pioneering developers. The planned logistics hub initiative is set to impact greatly on the commerce and overall economic activity. The site also qualifies for incentives under the Urban Renewal Act.
The property holders are seeking a developer.
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COMMERCIAL DEVELOPMENT
Victoria Pier Location Kingston
Located in the island’s main metropolis in Kingston, the Victoria Pier Building sits on approximately one acre of waterfront property. The proposed modern facility will feature:
‘A’- class restaurant Lounge with sport gaming facilities Art gallery Confectionary Roof entertainment overlooking the panoramic waterfront
The project has the potential to revitalise commercial and recreational activities in the Kingston Downtown area by attracting locals and tourists alike. In keeping with the maritime flavour of the area and the impact of Jamaica’s heritage product, tours and cruises to Port Royal and the islands (Lime Cay etc.) are envisioned.
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This proposal is based on a long term lease of twenty five (25) years renewable, at US$5,000.00 per annum after three (3) years and re-negotiated every five (5) years thereafter, with reasonable considerations. The contract will include a right of first refusal or an option to purchase clause.
The estimated initial investment is US$1,759,000. The opportunity is available under lease with an option to purchase.
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HOUSING DEVELOPMENT, SOUTH COAST, JAMAICA
Opportunities are available for investment in housing and community development in urban centres of Jamaica. With a population distribution of 54% urban to 46% rural the internal migration of residents increases the need for affordable housing solutions.
Bologa Estate Location: St. Catherine
This affordable housing project in St. Catherine rests on 120 acres of land on Jamaica’s southern coast right outside of Kingston. It carries a projection of 990 built units, with a gross development cost of US$79 million and potential profit after development of US$21 million.
Chateaux Heights Location: Clarendon
Away from the congestion of Kingston yet providing the same amenities in business and recreation, Clarendon is a burgeoning urban parish on Jamaica’s south coast. Chateaux Heights offers potential for development of 1520 units on 185 acres of land. The gross development cost is an estimate US$114 million with profit of $31 million.
Clifford’s Rest Location: Clarendon
On 169 acres of land an affordable housing projects is ready to be developed with 1394 proposed units. The Clifford’s Rest housing development has an estimated project value of US$111million and profit of $30 million.
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