First Look

UDC offers Cotton Polyester Complex for sale

Urban Development Corporation | 2014-04-07 00:00:00

The Urban Development Corporation has invited investors to submit offers for the purchase of the Cotton Polyester Complex, located in Rodons Pen, Old Harbour, in line with the Corporation’s core mission of making development happen in the various sectors of society.

The 24.12 acre property may be used for manufacturing, industrial, information communication and technology activities, the establishment of an education centre or housing development.

This offer for sale is timely as the anticipated expansion of the Panama Canal by 2015 is expected to create the opportunity for the development of transhipment centres which facilitate activities complementary to a logistics hub such as manufacturing.

Potential investors are required to develop a financially viable project that produces long-term benefit to the community; complements the orderly development of Old Harbour; and which has minimal impact on the area’s ecology.

The Cotton Polyester Complex is located approximately one kilometre west of the Old Harbour Town Centre.
Investment proposals may be submitted from April 7, 2014 to May 8, 2014. Proposals will be opened on May 8, 2014.

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