[dropcap]O[/dropcap]ne of the Caribbean’s leading investment and insurance companies has begun making additional large scale investment moves which will result in a further solidifying of its financial footprint on the economic landscape of Saint Lucia.
Officials of Guyana and Trinidad Mutual Group of Companies (GTM) earlier this month broke ground in Castries, Saint Lucia on the construction of a new state-of-the-art multi-million dollar divisional headquarters.
The decision to construct the sub-regional office for the Eastern Caribbean came following an extensive and rigorous review process, resulting in the indisputable conclusion that Saint Lucia was the best place to grow and expand.
“Arguably this initiative represents the largest investment in Saint Lucia and, I reckon, the Eastern Caribbean to date,” noted GTM Saint Lucia Branch Manager Kirk Maraj.
The construction phase will run for twelve months and will employ scores of Saint Lucian workers at all levels. “We are not only changing the skyline of Choc Estate but, more importantly, deepening our roots in the Saint Lucian economy,” Maraj exclaimed ecstatically.
Being constructed in accordance with the ‘going green’ environmental standards, the modern reinforced concrete building, framed with a glassy envelope on a commanding corner lot, will be energy efficient.
Headquartered in Georgetown, Guyana in 1880, the GTM group of insurance companies established its first office in Saint Lucia in 1954. In 1998 the company acquired the first national life insurance portfolio. GTM operates in three locations in Saint Lucia namely Castries, Vieux Fort and Soufriere.
With a brand promise of ‘Sound, Solid, Reliable’ and boasting a tradition of superior insurance services, GTM prides itself on being progressively innovative with its prime focus being on its policyholders.
The Choc Estate Eastern Caribbean divisional headquarters is being constructed on 54,000 square feet of land. The project was awarded to a local contractor and was locally designed as well.
