Sygnus Real Estate Finance has officially broken ground on its 55-acre Lakespen Industrial Park, a major logistics and industrial project expected to boost economic growth and strengthen Jamaica's infrastructure in the wake of Hurricane Melissa.
The development covers a 55.4-acre area and will feature 1 million square feet of logistics and warehousing space.
Tuesday's ceremony followed the company's receipt of regulatory subdivision approval.
Prime Minister Dr. Andrew Holness hailed the project as important to national recovery and long-term growth.
Meanwhile, David Cummings, Vice President and Head of Real Estate and Project Finance at Sygnus Capital, said the company remains committed to providing flexible capital to unlock real estate value across the region.
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