The JMMB Group Limited (JMMBGL) is hoping to profit from the development potential in the business housing market, focusing on the advancement of business, warehousing, and business process reevaluating (BPO) projects over the course of the following few years.
To this end, an arrangement has started for two undertakings in midtown Kingston and Mandeville, comprising roughly 33,000 square feet and 30,000 square feet of office and BPO spaces.
Tracey – Ann Creary, corporate advancement director with portfolio obligation regarding the administration of JMMB’s territory and property possessions, framed the monetary gathering’s essential bearing to use open doors that will add investor esteem.
Creary said JMMB is effectively recognizing and seeking after projects which will develop its portfolio and answer market needs and patterns.
“These two multi-billion dollar projects are expected to be completed in the next two to three years, even while JMMB Group looks to roll out other projects in its portfolio,” she said.
As a fresh player in the housing market, JMMB Group hopes to design, plan, create and build properties and later bring them to showcase available for purchase, rent, or deal leaseback.
Over the long haul, JMMB Group will keep working out its arrangement of greenfield and brownfield projects for other business projects that can work with coordinated working and different purposes.
“With the Jamaican government and private stakeholders undertaking key infrastructural projects, such as the Southern Coastal Highway Improvement and the development of town centers in Morant Bay and other rural towns. We believe that this signals clear opportunities to undertake real estate projects that will create significant value that is broadly aligned with national development and Jamaica’s Vision 2030 plans.”
Interest in business land lines up with the changing economic climate with the developing requirement for warehousing, business process reevaluating space, and related projects that will uphold framework advancement, the JMMB leader added.
