Unicomer (Guyana) Incorporated on Tuesday announced that it will be constructing a $25 billion Commercial Complex and a Logistics Park along the East Bank of Demerara.
The Commercial Complex will house up to 30 retail spaces with some 400 park spaces while the $15 billion Logistics Park will be constructed on 60 acres of land which was already acquired. Both projects are expected to be completed in 2025.
See below full statement from Unicomer (Guyana) Inc:
Unicomer (Guyana) Inc., announced today a twenty-five billion-dollar ($25B GYD) commercial investment in Demerara, Guyana, earmarked for full completion in the Spring of 2025.
Redstart Investments Guyana Inc., the real estate development and property management division of the Unicomer Group, unveiled its plans for a Commercial Complex on the East Bank Public Road, East Bank, Demerara, and a Logistics Park in Houston, Guyana. Both projects are expected to break ground in May 2023, subject to the necessary regulatory and governmental approvals.
The Commercial Complex, along the River Bank, in a prime East Bank location, will house up to thirty (30) retail spaces with some four hundred (400) parking spaces. The complex will be anchored by a Courts Mega Store and an Ashley Homestore, together occupying fifty-thousand square-foot (50,000 sq. ft.) of retail space. These stores will be complemented by an array of retail stores, a gym, as well as restaurants and eateries from local and international brands. Discussions are also ongoing with top international hotel brands to be included in the complex.
The fifteen-billion-dollar ($15B GYD) Logistics Park will be constructed on sixty (60) acres of land already acquired. The introduction of the Logistics Park will streamline the retail giant’s supply chain management process and allow for similar arrangements to be extended to other companies in the region. When completed, the Logistics Park will also contain Unicomer Guyana’s brand-new two hundred and fifty thousand square foot (250,000 sq. ft.) Logistics and Distribution Center.
In sharing his excitement about this ground-breaking investment, Mr. Vincent Gordon, Sub Regional Managing Director, Unicomer Guyana and the Dutch Caribbean, explained that the commercial project will be built in three (3) phases: Phase I to include the erection of the Courts Mega Store and Ashley Signature Stores, Phase II the build-out of the Commercial Park and Phase III will deliver the hotel and final parking structure.
Mr. Gordon stated, “In November of this year, the Unicomer Group will celebrate thirty (30) years of Courts doing business in Guyana. This multi-billion-dollar investment demonstrates the company’s continued commitment to the economic development and growth of Guyana. We are providing a world-class facility and a stellar shopping experience for residents and visitors alike. Truly it will take the employee and customer experience in Guyana to the next level”.
The Unicomer Group will be featuring these Redstart Investments Guyana Inc. projects, and other new initiatives in its booth at the International Energy Conference and Exposition from Tuesday, February 14th though to Friday, February 17th from 8am to 5pm. The exhibit will be held at the Georgetown Marriot Hotel. For more information, please visit booth 193.
