The Private Sector Organisation of Jamaica (PSOJ) in collaboration with the VM Group, have signed a joint venture agreement for the development of a new commercial space at 39 Hope Road, St Andrew. 

This landmark location has been the home of The PSOJ for over 40 years, serving as a prominent hub for the business community.

This initiative represents a significant step towards realising the PSOJ’s long-held goal of transforming its headquarters into a modern and sustainable commercial hub.

The development will create an impressive 32,000 square feet of rentable space, spread across four upper levels, with basement and ground floor parking and lobby space.

Additionally, the rooftop will feature an amenity area that can be utilised for various activities, offering a unique and versatile space for tenants. 

The planned development has been designed by Synergy DESIGN STUDIO, with ongoing strategic input from Michael Neita of NeitaConsult Limited.

The project is pending approval with the Kingston and St. Andrew Municipal Corporation (KSAMC) and other regulatory bodies, ensuring adherence to legal requirements, sustainable development standards and industry best practices.

Seaga added, “Having this commercial hub will further support our efforts to drive economic activity and growth by providing a state-of-the-art facility that nurtures business development, expansion, and long-term sustainability.”

VM pensions management CEO Natalie Bennett says the VM Group is proud of the partnership with the PSOJ, as the two organisations share an unrelenting commitment to supporting businesses in Jamaica, helping them to grow and thrive; and confidence in the local business community and the rich potential of the Jamaican economy.

“We are particularly pleased about this joint venture because it most clearly highlights what many already knew – that VM Group is truly capable and, indeed, passionate about supporting various financial needs of people and businesses to achieve transformation,” she continued.