Tuesday, July 16, 2024
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HomeNewsCaribbean NewsJamaica’s New Brunswick Village a signal of investor confidence

Jamaica’s New Brunswick Village a signal of investor confidence

By Garfield L. Angus

KINGSTON, Jamaica, (JIS) – Prime Minister, 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, 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,” Holness added.

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,19 townhomes, 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.

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.

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