The 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\u2019 investment on e\u00a0TecK\u2019s business parks. These investments enable a segment of e\u00a0TecK\u2019s 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 and e TecK\u2019s Real Estate Assets Division were responsible to effect. The regularisation process involved a multi-faceted approach to attain development approvals through key stakeholder engagements and management of surveying services.<\/p>\n
The approvals required were from the following stakeholders as follows:<\/strong><\/p>\n 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.<\/p>\n","protected":false},"excerpt":{"rendered":" The Macoya and Trincity Parks were developed in the 1980s without the respective regulatory approvals for the factory buildings on [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[44,12],"tags":[],"class_list":["post-1521","post","type-post","status-publish","format-standard","hentry","category-media-releases","category-park-notices"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n