PSOJ, VM to Develop Hope Road Business Hub

Natalie Bennett, CEO of VM Pensions Management, and Metry Seaga, President of The PSOJ, sign a joint venture agreement for the development of 39HR, the new PSOJ Headquarters. Looking on (from left) are Rezworth Burchenson, Senior Vice President and CEO, VM Wealth Management Limited and Sacha Vaccianna-Riley, Executive Director of the PSOJ. (Photo contributed)

The Private Sector Organisation of Jamaica, PSOJ, will be developing its headquarters at Hope Road in Kingston, in a project that will transform the complex into a commercial hub.

The project will be done in collaboration with the Victoria Mutual, VM, Group. The partners announced the project as a joint venture between PSOJ and VM Group.

The announcement did not provide information about the particulars regarding how costs would be shared or how the project would be financed.

The design of the complex is complete, but regulatory approvals for the development are pending.

The one-storey building that has housed PSOJ for 40 years will be transformed into an edifice with four upper levels, plus basement-level parking.

It will incorporate 32-thousand square feet of rentable space.

PSOJ President Metry Seaga said the organisation would relocate during construction, but is yet to determine where its temporary home will be.

The timeline for construction is also still to be determined.