• Today
    July 02

  • 12:41 PM

Property demand

SHAWN CUMBERBATCH, shawncumberbatch@nationnews.com

Added 21 October 2019


ResLife chairman Tony Hoyos. (FILE)

CLICO has folded, but its prime South Coast real estate is now a hot ticket for local and foreign property investors.

Tony Hoyos, chairman of the failed insurer’s successor, Resolution Life Assurance Company (ResLife), yesterday confirmed that more than 24 domestic and overseas entities submitted offers to purchase Worthing Corporate Centre in Christ Church, where ResLife is located, adjacent properties occupied by Trimart Supermarket and Courtesy Garage, and four nearby residential/vacant lots.

This comes more than a month after the properties were advertised for sale. Hoyos said they were now “asking certain bidders for clarification” on what they intended to do with the real estate if their offers succeeded.

Given that the sales involved competitive bidding, with Cabinet ultimately deciding on the outcome following a recommendation from the ResLife board, the chairman did not disclose the exact offer prices, but said they were worth millions of dollars. (SC)

Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.


Dos and Donts

Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus


Should Barbados be reopening the borders to commercial airlines as announced by the Prime Minister?