A Feasibility study has been completed and has indicated that significant value can be created for the people of Port Antonio, Portland and the surrounding environment with the redevelopment of the Boundbrook Industrial Estate into ‘The Boundbrook’.
The Boundbrook will see the amalgamation of the services provided by the Government of Jamaica and the private sector.
The Boundbrook will be a commercially viable space with over 100 thousand square feet of space. It will be home to government offices such as the Portland Municipal Corporation, the Tax Office and the Registrar General’s Department as well as commercial/retail space to accommodate fast food establishments, financial institutions, healthcare facilities, a sports bar and lounge, a supermarket, a gymnasium and the in-demand Business Process Outsourcing, BPO space to be used as one of the main anchors.
In addition, the Boundbrook will take on a tourist appeal, which will allow relations with the Port Antonio Marina and other entertainment activities.
The project will be a joint venture between FCJ and the National Insurance Fund, NIF. Construction budget is estimated to cost one billion Jamaican dollars. There will be a return on investment through lease/rentals.
Groundbreaking for the Boundbrook Urban Centre took place on August 14, 2024, at the project site in Port Antonio, Portland. This event was held in collaboration with the project’s equity partners: Factories Corporation of Jamaica, Barita, and NCB Capital Markets.
We are actively engaging with the local community and various state agencies to increase formal space reservations. Currently, 110% of the total rentable space has been reserved by 19 interested parties.
Demolition of the former Boundbrook Industrial Estate is 95% complete. Construction, to be undertaken by China Harbour Engineering Company (CHEC), is expected to start by October 2024. This will start once the Boundbrook Urban Centre is registered as a standalone business, at which point all contracts will be issued.
The Public Investment and Appraisal Branch (PIAB) of the Ministry of Finance and the Public Service (MOFPS) provided project approval in January 2023 and the Joint Venture Agreement (JVA) received Cabinet Approval in April 2023. Financing arrangements are far-advanced with construction scheduled to commence in early 2024.
The Joint Venture Agreement (JVA) for the construction of the development between FCJ and a private partner is with Cabinet awaiting approval.
The redevelopment of the Boundbrook Industrial Estate in Port Antonio, Portland has now passed the preliminary stages.
The detailed drawings for the Boundbrook redevelopment have now been submitted to the parish council.
The Boundbrook is expected to bring economic growth and job creation to the people of Port Antonio and by extension the people of Portland. One hundred and forty thousand square feet (140,000 sq.ft.) of space will be created to support the services provided by the Government of Jamaica and the Private Sector.
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