Realty Check

The Air Jamaica building, corporate head-quarters for the national carrier, is on the market for sale, as the airline counts down to a final agreement with prospective buyer Caribbean Airlines of Trinidad.

Sale of the five-storey 32,802-square foot building, located on Harbour Street and overlooking the Kingston waterfront, was expected.

Published: Friday | December 18, 2009
Sabrina Gordon, Business Reporter
Barbican Estates Limited (BEL), a nascent company, has chosen as its first venture the development of new commercial space in the busy and often congested Barbican Square, where commerce, on the face, of it is thriving.

On a 1.13-acre property, Barbican Estates will, within weeks, begin construction of [...]

Wednesday, June 24, 2009
The National Environment and Planning Agency (NEPA) has given Gore Developments Limited an environmental permit to commence a housing development at Florence Hall, Trelawny.
In June, NEPA decided to grant the developers with the permit that will allow them to construct 828 two-bedroom units each with 74.3 square metres (800 square feet) of [...]

Government plans to sell off just under $10 billion in assets held by the Urban Development Corporation (UDC) this fiscal year, including the sale of stake in a number of hotels.

According to the Jamaica Public Bodies Estimates of Revenue and Expenditure for the year ending March 31, 2010, the UDC is expecting to generate net [...]

Published: Wednesday | April 15, 2009
Dionne Rose, Business Reporter
The Chens have shuttered two St. Andrew stores in the family-owned grocery chain Super Plus and sent home 89 staff, who had their last days on the job last week Wednesday and Thursday.

The closures happened in New Kingston and Liguanea, both in St Andrew. Chen, however, refused [...]

King Street branch sold for $128m – Has two more properties to offload
Published: Wednesday | April 15, 2009
Dionne Rose, Staff Reporter
National Commercial Bank (NCB) is selling to the Government the building that used to house its shuttered King Street branch and has on the market two other bits of real estate – the sale of [...]