Trini investor pumping Bds$20M into Barbados

(Barbados Nation) Just when Trinidadian company Neal & Massy is taking heat for its decision to close Almond Beach Village, another Trinidadian investor is about to pump Bds$20 million into the Barbados economy.

Prestige Holdings Limited, which has already invested more than Bds$100 million in Barbados over the past five years through Courtyard by Marriott, TGI Friday’s, The Pavilion in Hastings, and the just opened Payless ShoeSource, is set to start construction next month of its long planned megamall in St Thomas.

Christian Mouttet, CEO of Victor E. Mouttet Ltd (VEMCO), the parent company of Prestige Holdings Ltd, revealed that the tendering process was under way for construction of the first 40 000-square foot facility at Welches. He said building should start in June or July.

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