Real Estate soon to be Available to Investors
The Point Lisas Business Park project was officially launched by local property developers, Edan K Properties Limited on November 24th 2017. The project comprises two developmental phases of the 80-acre business park which targets a client base of local and foreign investors in the areas of manufacturing, distribution and import/ export.
Phase 1 of the project which began in May 2017, comprises a 100,000 square foot warehousing complex divided into 13 units. This phase is expected to be ready for tenancy in February 2018. The second phase comprises the construction of an additional 100,000 square feet of warehousing space to be delivered in 8 units. These 21 units will be a significant addition to the warehousing stock available in the Trinidad and Tobago market.
According to Christopher Lewis, President InvesTT, “The Point Lisas Business Park provides a home for new businesses and an opportunity for business expansion, both of which are consistent with InvesTT's core focus. The increased availability of warehousing space vastly improves the desirability of the country’s business destination offering to foreign investors. Plus, the benefit of five minute proximity to the Port of Point Lisas adds value to exporters located on the Park. ”
In 2015 InvesTT introduced its services as the national IPA to the Edan K team and has since been the go-to resource for the facilitation of many regulatory procedures throughout the developmental phase of this project.
“InvesTT is one of the most accessible and dependable resources to investors throughout the investment process. They are the best channel for investors, both local and foreign, for setting up and expanding business in the country.”
During the launch, Edan K’s Executive Director, Nyal Khan freely commended InvesTT for their role in getting the investment off the ground, especially for the IPA’s resourcefulness in facilitating the approval process in a timely manner. The team followed up with regulatory agencies to prioritize the approval application, facilitated site visits for local companies interested in the project and sought guidance from Customs on the possibility of setting up a customs outpost on the site.
In addition to the increase in warehousing stock, the project promises a modern, state of the art turnkey complex with reinvestment/ expansion opportunities for existing companies, advancement of the business ecosystem of the local community, employment opportunities throughout the construction phases and beyond, and the creation of energy efficient systems for the operational phase of the project.
“InvesTT brings to the table linkages and experience needed to move projects forward. Because of this, an endorsement from InvesTT in a project inspires confidence from businesses and investors.”