Multibillion-Dollar Brunswick Village a Signal of Investor Confidence – PM
By: , June 20, 2024
Photo: Adrian Walker
Prime Minister, the Most Hon. Andrew Holness (centre), applauds the official opening of Sagicor Group’s multibillion-dollar New Brunswick Village in Spanish Town, St. Catherine, on Wednesday (June 19). Others celebrating the occasion include Custos of St. Catherine, Icylin M. Golding (second left); Councillor for the Westchester Division, Renair Benjamin (fourth left); Minister of Culture, Gender, Entertainment and Sport and Member of Parliament for St. Catherine Central, Hon. Olivia Grange (fifth left); President and Chief Executive Officer of Sagicor Group, Christopher Zacca (fifth right); and other officials from Sagicor.
Photo: Adrian Walker
Prime Minister, the Most Hon. Andrew Holness (second left), listens to a point being made by Minister of Culture, Gender, Entertainment and Sport, and Member of Parliament for St. Catherine Central, Hon. Olivia Grange (left), during the official opening of Sagicor Group’s multibillion-dollar New Brunswick Village in Spanish Town on Wednesday (June 19). Sharing in the conversation (from left) are Chairman of Sagicor Group, Peter Melhado and President and Chief Executive Officer, Christopher Zacca.The Full Story
Prime Minister, the Most Hon. Andrew Holness, is hailing the multibillion-dollar investment by Sagicor Group in the New Brunswick Village in Spanish Town as a signal of confidence in the economy.
Delivering the keynote address at the official opening of the $6-billion mixed residential and commercial development on Wednesday (June 19), Mr. Holness said persons who have capital to invest are realising that they can do business in Jamaica and they can take risks.
“When your economy is doing well, people choose Jamaica and make a choice to invest… and you can see many more investments like this coming into areas like Spanish Town,” he said.
New Brunswick Village, located on Brunswick Avenue, is set to revitalise the Spanish Town community, providing real estate solutions for businesses and middle-income families.
The blend of commercial and residential spaces includes 70 apartment units and 19 town homes, and 40 commercial units accommodating businesses such as Island Grill and RA Williams Distributors Limited.
The area is poised to become Jamaica’s most vibrant neighbourhood for living and doing business.
“I am certain that properties along this stretch and the environs are now going to take a second look at Spanish Town in the same way that they are looking at St. Thomas, as they see the roads, water, Internet, the development of the urban centre and they are putting their resources there,” the Prime Minister noted.
Mr. Holness said he anticipates that developers and financing companies will be showing increased interest in communities like Brunswick Avenue, Ensom City, Greendale, and Hampton Green.
“These are communities with fairly good infrastructure,” he said, noting that the areas have roads, water and sewage systems.
“What is needed is for an investor to come and buy up the properties and develop them,” the Prime Minister said.