By Marcelle Thomas
Even as Guyanese-American developer Chris Persaud of Tri-Star Investments forges ahead with development of its shorebase at Versailles, West Bank Demerara (WBD), the company has entered into a long-term lease agreement with the National Industrial and Commercial Investments Limited (NICIL) for nearly 100 acres of more land in other areas, distances away but also on the WBD.
The 50-year respective leases with NICIL are for portions of land in the Toevlugt/Patentia district and cover 9.76 acres, 61.80 acres, 15.44 acres and 17.49 acres.
It is unclear what the land will be used for. Stabroek News tried reaching out to representatives of Tri-Star last week, but was unsuccessful. Employees at the site of the Versailles development informed that they were not allowed to speak on behalf of the company. This newspaper also messaged Persaud but up to press time there was no response to questions asked.
