Prestige Holdings Limited of Trinidad investing $50 million into Barbados

Trinidadian company Prestige Holdings Limited, which has already invested more than US$50 million in Barbados over the past five years through Courtyard by Marriott, TGI Friday’s, The Pavilion in Hastings, and the just opened Payless ShoeSource, is set to start construction next month of its long planned megamall in St Thomas.

Christian Mouttet, CEO of Victor E. Mouttet Ltd (VEMCO), the parent company of Prestige Holdings Ltd, revealed that the tendering process was under way for construction of the first 40 000-square foot facility at Welches. He said building should start in June or July.