Tue | Jul 28, 2015

MegaMart opens in Mandeville today

Published:Wednesday | January 23, 2013

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.

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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