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25
Sep 20
Windsor Estates gives up lands at Ogle; wants transparent process
  • September 25, 2020
  • NICIL Communications Unit
  • #NationalIndustrialandCommercialInvestmentsLimited #NavigantBuilders #WindsorEstates #WindsorEstatesHousingDevelopment nicil

By NewsRoom

The sod turning ceremony at the site of the construction for the Windsor Estates Housing Development

 

Windsor Estates, which was undertaking a project at Ogle, East Coast Demerara to build luxury residential properties and Class A office spaces, has announced that it is handing back the title and the land to the Government for it to be reissued in a more transparent manner.

Windsor Estates had planned the project under a company called Navigant Builders, which immediately after the elections announced that it was postponing plans to continue the development and cancelled all payments to NICIL, the government’s investment arm.

In June 2020, the company said NICIL vested the property in its name without its knowledge, even though it had indicated in writing to NICIL that it could not move ahead with the project until the elections crisis was resolved.

“In light of the cloud of uncertainty that surrounds the transfer of title, we hereby announce that we would like to rescind the Vesting Order and revert such title back to NICIL, thus to enable the Government of Guyana to reclaim all lands and re issue such properties in a more transparent manner,” the company stated in a press release which was also issued by NICIL.

The company said it intends to embark on a signature urban mixed-use development “in the near future and looks forward to working with NICIL and the Government of Guyana in this endeavor.”

 

Source: NewsRoom

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