Unicomer (Guyana) Inc, the parent company of Courts, announced today a $25b commercial investment in Demerara, Guyana, earmarked for full completion in the Spring of 2025.
A statement said that Redstart Investments Guyana Inc., the real estate development and property management division of the Unicomer Group, unveiled its plans for a Commercial Complex on the East Bank Public Road, East Bank Demerara, and a Logistics Park in Houston, Guyana.
Both projects are expected to be inaugurated in May 2023, subject to the necessary regulatory and governmental approvals.
The statement said that the commercial complex, along the river bank, in a prime East Bank location, will house up to thirty retail spaces with some 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. These stores will be supported 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 statement said.
The $15b Logistics Park will be erected on 60 acres of land already acquired. 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. When completed, the Logistics Park will also contain Unicomer Guyana’s brand-new 250,000 sq. ft. Logistics and Distribution Center.
In sharing his joy about this ground-breaking investment, Vincent Gordon, Sub
Regional Managing Director, Unicomer Guyana and the Dutch Caribbean, said that the
commercial project will be built in three phases: Phase I to include the erection of the Courts
Mega Store and Ashley Signature Stores, Phase II the build-out of the Commercial Park and
Phase III will cover the hotel and final parking structure.
Gordon stated, “In November of this year, the Unicomer Group will celebrate …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. We are
providing a world-class facility and a stellar shopping experience for residents and visitors alike.
Truly it will take the employee and customer experience in Guyana to the next level”.
The Unicomer Group will be showcasing these Redstart Investments Guyana Inc. projects, and other
new initiatives in its booth at the International Energy Conference and Exposition from today though to Friday, February 17th from 8am to 5pm. The exhibit will be on display at the
Georgetown Marriott Hotel. For more information, please visit booth 193.
The statement noted that the Unicomer Group operates in 26 countries from its headquarters in El Salvador and has over 13,700 staff members. The company says it offers its customers the widest and most modern line of products and financial services across the countries of operations. The retail brands of the Unicomer Group include Courts, Courts Optical, Ashley Furniture HomeStore, RadioShack, Lucky Dollar and Servitech.
