Published:Wednesday | June 11, 2025 | 12:06 AM
Jamaica Producers Group Limited, JPG, will be subdividing some of its lands in St Mary for villa construction, while another property will be utilised for a commercial complex. 6oc5i
The company will be preparing lots on a 60-acre that can be utilised for the development of 30 villas with beach access, at the northeastern end of the parish, JPG Managing Director Jeffrey Hall said.
He said Jamaica Producers is not developing the villas, only subdividing the property with the intention of marketing the land lots to investors.
“It will involve the subdivision of lots that are suitable for an eco-friendly, low-density development of villas. We are now in the design phase and in the review of the kind of licences required for a beachfront property. That will happen by the end of this year and then next year we’ll proceed with the subdivision,” Hall told the Financial Gleaner after the company’s annual general meeting last Friday.
The company is investing US$900,000 ($144 million) in the project, which will take about 18 months to complete, he said.
The mixed-use commercial complex – incorporating space for retail, food service and small offices – will be developed by Jamaica Producers on 10 acres in Agualta Vale, just outside the town of Annotto Bay.
“There is an emerging view of creating developments just outside the market towns. We have been seeing that happening on the north coast,” Hall said.
In 2023, Jamaica Producers Group went from being a food and logistics conglomerate to become an investment holding company after its operating assets were merged with Pan Jam. Its holdings now include property as well as a 34.6 per cent stake in the bigger Pan Jamaica Group, whose businesses span property and infrastructure, financial services, speciality foods, and global services. JPG is the single largest shareholder in Pan Jamaica, now a $143 billion company by assets.
“It’s a pretty significant asset. It holds cash, and that cash increased year-on-year by 10 per cent, so the total consolidated enterprise has $17.6 billion of cash available to invest,” Hall said of Pan Jamaica.
Regarding the subdivision, Hall said there would be limits on the usage of the villas to prevent any anti-social activities.
“There will be restrictions and covenants on the property that will limit the owners to building in ways that are environmentally sensitive, aesthetically appealing and low density,” he added. “We are currently working with architects to finalize the project and to present the subdivision.”
Jamaica Producers Group is the largest landowner in St Mary, with more than 3,400 acres, most of which is utilised for farming. More than 85 per cent of the St Mary lands are utilised for agriculture and and will remain so.
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