Progressive to centralise warehousing, offices at former Carreras complex
Progressive Grocers of Jamaica is to centralise its warehousing at the former Twickenham Park home of Carreras Limited, a complex it acquired last March from the cigarette trader.
The site also houses the head offices of the grocery group.
Progressive is now in the process of transforming the property that it bought for $395 million, and will relocate there in March.
Company representatives confirmed the acquisition and planned use of the site, but otherwise declined to comment.
Progressive Grocers of Jamaica is a consortium of supermarket owners that includes Sing Sung Chin, Albert Lym, Arnold Chin and Gladstone Loshusan, who own and operate their own businesses but purchase supplies as a group and also own some assets in common, such as Shopper's Fair grocery chain.
The Twickenham Park property, which sits at the entrance to Spanish Town, is the latest acquisition by the group, which also bought the Kingston-based Michi Super Centre in December 2014 and rebranded it as Super Shoppers Fair. Michi was formerly owned by Earl and Sharon Loshusan. The rebranding by Progressive essentially reverted the business to its former identity as a Shoppers Fair outlet that closed down in the 1980s.
Carreras once produced cigarettes at the Twickenham Park plant, but exited manufacturing in Jamaica a decade ago and now buys and distributes brands ultimately owned by its parent company, British American Tobacco Plc.
The cigarette trader relocated its corporate operations to New Kingston and distribution to Hagley Park Road to rid itself of the cost of maintaining the Twickenham complex.