Unicomer to construct $25B commercial complex, logistics park on EBD

Unicomer Guyana Incorporated on Tuesday announced a $25 billion commercial investment on the East Bank of Demerara (EBD) to construct a massive commercial complex and logistics park.
This project is earmarked for completion in spring of 2025, informed Redstart Investments Guyana Inc – the real estate development and property management division of the Unicomer Group.

Both projects are expected to break ground in May 2023, subject to the necessary regulatory and governmental approvals. The commercial complex will house up to 30 retail spaces with some 400 parking spaces. The complex will be anchored by a Courts Mega Store and an Ashley Homestore, together occupying 50,000 square foot of retail space. These stores will be complemented 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 $15 billion logistics park will be constructed on 60 acres of land already acquired in Houston, EBD. It 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 250,000 square foot Logistics and Distribution Centre.
In sharing his excitement about this ground-breaking investment, Sub Regional Managing Director, Unicomer Guyana and the Dutch Caribbean, Vincent Gordon explained that the commercial project will be built in three phases: Phase One to include the erection of the Courts Mega Store and Ashley Signature Stores; Phase Two, the build-out of the commercial park; and Phase Three will deliver 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 multibillion-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 featuring these Redstart Investments Guyana Incorporated projects, and other new initiatives in its booth at the International Energy Conference and Exposition until February 17, 2023. The exhibit will be held at the Georgetown Marriott Hotel.
The Unicomer Group operates in 26 countries from its headquarters in El Salvador and has over 13,700 staff members. The company 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. (G12)