Latest: Business

MegaMart opens in Mandeville today

Published: Wednesday January 23, 2013 | 4:37 pm Comments 0
MegaMart Portmore
MegaMart Portmore

MegaMart's shopping experience goes to central Jamaica with the soft opening of the Mandeville, Manchester store today.

A grand official opening ceremony will take place at a later date, according to a press release issued earlier.

The newly-constructed J$1.2 billion superstore, sited at Lot No.2, Bloomfield, Mandeville provides a convenient one-stop shopping experience.

It will offer a wide range of goods and services similar to the three other superstores in the chain, located in Portmore, St. Catherine; Montego Bay, St. James, and St. Andrew.

The store will offer a variety of goods including groceries, freshly baked products from an on-site bakery, liquor, household items, furniture, electronics, gym equipment, clothing and footwear, pet supplies as well as auto care products.

There is also a food court where patrons can relax and enjoy meals and snacks or make take-out purchases. A Digicel outlet is also sited in the store.

The store will be opened daily from 9:00 a.m. to 10:00 p.m. and everyone is welcomed to shop at the store since a customer does not have to be a member of the MegaMart Wholesale Club. However, only members can benefit from MegaCash to buy more goods, the release said.
1
MegaMart Mandeville, like the other stores in the chain, provides economic opportunities for its host community including 300 full-time jobs and spin-off employment for hundreds of local producers who are expected to supply an estimated J$500 million in local produce annually.

The establishment of MegaMart Mandeville has been made possible through Scotia Investments' Capital Markets unit, which used a build-own-lease structure to raise financing for the project.

A first for Jamaica, that structure was used to raise the entire sum required in equity financing to construct the property according to MegaMart's specification. MegaMart has a 20-year lease on the property and the option to renew the lease every five years.

MegaMart has developed a large and growing customer base since the establishment of its first store in Portmore in 1999.

business@gleanerjm.com

Share |

The comments on this page do not necessarily reflect the views of The Gleaner.
The Gleaner reserves the right not to publish comments that may be deemed libelous, derogatory or indecent. Please keep comments short and precise. A maximum of 8 sentences should be the target. Longer responses/comments should be sent to "Letters of the Editor" using the feedback form provided.
blog comments powered by Disqus

Related Stories

Videos

<

Top Jobs

View all Jobs