Grenada’s NIS looking for to lift tens of millions, promoting properties
Grenada’s Nationwide Insurance coverage Scheme (NIS) says it expects to earn an estimated EC$18.8 million (One EC greenback=US$0.37 cents) from the sale of eight buildings 11 years after it had bought a number of authorities properties.
The then authorities had bought the properties due to its lack of ability to fulfill month-to-month recurring expenditures akin to salaries.
The most costly property on the market is the construction that when housed the St James Resort with an asking value of six million {dollars}.
One other increase on the market is the Drill Yard that previously housed a number of authorities ministries earlier than the development of the Ministerial Complicated. In January, a portion of the constructing located close to the Sendall Tunnel collapsed. NIS has a price ticket of EC$4.5 million for the constructing.
NIS can also be promoting a constructing that housed Radio Grenada in addition to the previous Parliamentary Election Workplace. The 2 buildings are priced at EC$400,000 and EC$950,000 respectively.
The NIS 2020 annual report reveals that every of the properties positioned available on the market had been valued at lower than its 2023 asking value.
CMC/