Agro-Invest is the administrator of over $3.8 billion dollars of state-owned properties. The Property Management process is a key component in assisting AIC to fulfill its mandate. The Property and Fixed Asset Department is a team with overall responsibility for lease administration and oversight as well as the day-to-day property management activities of AIC’s portfolio. These activities include rental negotiations, insurance negotiations and payments, property tax compliance and liaison with maintenance contractors to ensure proper upkeep of our properties. This team also ensured that our properties are leased at optimal rate and occupancy levels to meet the financial targets of the portfolio.
The assets under the department’s portfolio include lands, buildings, machineries, and equipment. AIC’s real properties are the Agricultural Marketing Corporation (AMC) Complex and its outstations in areas such as:
- Wait-a-Bit, Trelawny
- Christiana, Manchester
- Browns Town, St. Ann
- Darliston, Westmoreland
- Guys Hill, St. Catherine
- Agro-Parks and the Production Zones
Agricultural Marketing Corporation Complex (AMC)
The complex was designed to ensure that there is a cost-effective marketing infrastructure in place to enable producers and exporters of non-traditional agricultural produce to access and compete in the domestic and foreign markets. The facilities available include warehouse, chill room and office spaces.
AMC COMPLEX INFORMATION
SIZE – 104,084.70 sq. ft. (9,669.79 sq. m)
LEASED WAREHOUSE SPACE – 96,028.22 sq. ft
LEASED OFFICE SPACE SIZE – 11,391.68 sq. ft
LEASED OUT STATION SPACE – 76,844.36 sq. ft
TENANTS – 24
LAND LEASE INFORMATION
ACRES OF LAND LEASED – 7,778 acres
DOLLAR VALUE OF LAND LEASED – $8,149,460.00
NEW LAND ACQUIRED INFORMATION
NUMBER OF NEW PROPERTIES ACQUIRED – 16 (5040 acres)
LOCATION OF NEW PROPERTIES
