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$15m for old Concacaf site
The Port-of-Spain building that once housed the official Office of the president for Concacaf (the Confederation of North, Central American and Caribbean Association Football) is currently up for sale at a cost of $15 million.
The building is owned by former Concacaf president Jack Warner, who acquired the property in 1997 for $875,000.
During his time as Concacaf boss Warner received a monthly payment of US$25,000 from the body for rent of the confederation’s Trinidad office located in his building at 113 Edward Street.
The T&T Football Association was also paying rent for the other side of the same building, which stretched across to Dundonald Street. The TTFA was said to be paying about $40,000 a month in rent.
Speaking to the Sunday Guardian, Warner said the property has been put up for sale because he is currently in the process of building apartments and will be using the proceeds of the sale to invest in that project.
“I am selling the property because I am building some apartments. The property has been down there for the past two years and nothing is happening to it, so I am selling it to reinvest,” Warner said.
Apart from once being the official office for the head of the governing body for football in the region, the building also once was the headquarters for the Independent Liberal Party (ILP) which Warner founded in 2013. It is currently painted in the party’s trademark green.
In December 2013, the ILP closed the doors of its office on Mulchan Seuchan Road in Chaguanas and moved to the building at 113 Edward Street, Port-of-Spain. Warner eventually resigned as the party’s political leader following the 2015 general election defeat and the party is now based at Caroni Savannah Road, Chaguanas.
On Thursday, Jaydees Real Estate announced in an advertisement that the “iconic building” was up for sale. The purchase of the building was described as a “Great Business Opportunity”.
“This property that spans Dundonald, Oxford and Edward Streets in Port-of-Spain is now on the market. It features a twenty (20) car, parking facility, multiple offices, an eighteen (18) luxury seat conference room, several kitchens and kitchenettes, central air conditioning, back-up generators and many other features for a revenue earning investment,” the advertisement stated.
According to the information of Jaydee’s Facebook page, the company deals with “residential and commercial property in any area of Trinidad and Tobago but has a main focus on the East West corridor and Central Trinidad.”