The parent company for COURTS and Ashley Furniture store in Guyana, UNICOMER, is taking on a major investment project along the East Bank Demerara corridor that will see the construction of a corporate complex and a logistics park.
In an announcement today, UNICOMER said the investment will total G$25 billion and will be part of Redstart Investments company.
Both projects are expected to break ground in May 2023 with a timeframe of two years for completion.
According to the company, the Commercial Complex, along the River Bank 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.
Those 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 which has already been 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.
According to UNICOMER, 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.
Sub Regional Managing Director for Unicomer Guyana and the Dutch Caribbean Mr. Vincent Gordon, explained that the commercial project will be built in three (3) phases, with Phase I to include the erection of the Courts Mega Store and Ashley Signature Stores, Phase II will see 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”, he said.
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