Macoya and Trincity Parks were developed in the 1980s without the respective regulatory approvals for the factory buildings on these parks. As a result, the tenants operating at these nineteen buildings do not have leases. The lease is not only critical to the management of the tenancy but it is a source of financing for the tenants’ investment on e TecK’s business parks. These investments enable a segment of e TecK’s mandate to be fulfilled as it relates to the existing industrial parks.
These two developments were required to be regularised in order to effect the leases, the regularisation process involved a multi-faceted approach to attain development approvals through key stakeholder engagements and management of surveying services.
The approvals required were from the following stakeholders as follows:
- T&TEC
- WASA
- Fire Services
- Tunapuna / Piarco Regional Corporation
- Director of Surveys
As at December 2018 all of the above-listed approvals were conveyed to e TecK and we are now in a position to proceed with the nineteen respective leases. This represents a key milestone to the relationship between Landlord and Tenant and provides the opportunity for companies to invest and reinvest in the development of business on the legacy parks. This ensures a measure of sustainability to the businesses, the parks and the local economies.
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Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry (second from left) with Deputy Mayor of the Borough of Chaguanas Melissa Jadoonanan (left), Deputy Chairman of The Brydens Group Michael Conyers (second from right) and eTecK Vice President of Projects and Facilities Daniel Duncan at the Brydens Group’s Regional Distribution Centre Groundbreaking Ceremony, Factory Road Industrial Park, Chaguanas, on Friday, January 26, 2024.
