Compiled by Due Duligence
There was a prominent advertisement by TerraCaribbean in the Globe and Mail Report on Business today featuring this property:-
There is no guide price as the property is being sold via a bid process. All interested parties are invited to submit their bid on or before December 12, 2016
Given the thirst by Barbados to earn forex it will be interesting to learn if any foreign investors make a bid for the property. I guess the success or failure will test the effect of Barbados’ non-investment grade status on foreign investors unease to invest in Barbados as discussed by Roger Cave in the following recent article.
Barbados’ worsening debt situation, which has been the primary cause of several recent downgrades, has local investors uneasy, says Fund Manager Roger Cave.Cave, who is the investment manager for Fortress, warned that the situation was not only unsustainable, but that it puts the entire country at risk.
“We are now the fourth highest most indebted country in the world behind Japan, Lebanon, and Greece,” he told a gathering of investors and other players in the island’s financial sector at Fortress’ annual forum at the Frank Collymore Hall last night.