The Private Sector Organisation of Jamaica (PSOJ), in collaboration with the VM Group, is pleased to announce the signing of a joint venture agreement for the development of a new commercial space at 39 Hope Road, St Andrew. This landmark location has been the home of The PSOJ for over 40 years, serving as a prominent hub for the business community. This initiative represents a significant step towards realising the PSOJ’s long-held goal of transforming its headquarters into a modern and sustainable commercial hub.
The development will create an impressive 32,000 square feet of rentable space, spread across four upper levels, with basement and ground floor parking and lobby space. Additionally, the rooftop will feature an amenity area that can be utilised for various activities, offering a unique and versatile space for tenants.
The planned development has been thoughtfully designed by Synergy DESIGN STUDIO, with ongoing strategic input from Michael Neita of NeitaConsult Limited. The project is currently navigating the necessary approval processes with the Kingston and St. Andrew Municipal Corporation (KSAMC) and other regulatory bodies, ensuring adherence to legal requirements, sustainable development standards and industry best practices.
Metry Seaga, President of the PSOJ, commented: “We are taking concrete steps towards a project that has been part of the PSOJ’s strategic plans for years. Our objective is to create a facility that not only meets our operational requirements but also serves as a model of sustainability within the Jamaican business community.”
Seaga added: “Having this commercial hub will further support our efforts to drive economic activity and growth by providing a state-of-the-art facility that nurtures business development, expansion, and long-term sustainability.”
Natalie Bennett, CEO of VM Pensions Management, said the VM Group is proud of the partnership with the PSOJ, as the two organisations share an unrelenting commitment to supporting businesses in Jamaica, helping them to grow and thrive; and confidence in the local business community and in the rich potential of the Jamaican economy.
“We are particularly pleased about this joint venture because it most clearly highlights what many already knew – that VM Group is truly capable and, indeed, passionate about supporting various financial needs of people and businesses to achieve transformation,” she said.
The collaboration between the PSOJ and the VM Group highlights their mutual dedication to sustainable economic development. It represents a crucial advancement in transforming the PSOJ’s headquarters into a sustainable architectural landmark, complete with ample rentable space and amenities for tenants. This development is a mark of the organisation’s aspirations in serving members and contributing to national development.
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Natalie Bennett, CEO of VM Pensions Management, and Metry Seaga, President of The PSOJ, sign a joint venture agreement for the development of 39HR, the new PSOJ Headquarters. Looking on (from left) are Rezworth Burchenson, Senior Vice President and CEO, VM Wealth Management Limited and Sacha Vaccianna-Riley, Executive Director of the PSOJ.