Deal #3948

Jamaica
Created at
2013-07-26
Last update
2023-09-19
Last full update
2023-09-19

Land area

Size under contract (leased or purchased area)
  • [2011, current] 18000 ha
Size in operation (production)
  • [2011, current] 18000 ha
Comment on land area
In process of disinvestment by the jamaican government, the chinese company purchased three sugar mills and it leased 18000 hectares. In 2018, after several financial problems the company had to close Monymusk and Bernard Lodge and give up the lands in both areas, in order not to go under. After that they focused on Frome Estate.

Intention of investment

Intention of investment
  • [current] Food crops

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2011, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2011, current] In operation (production)