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Bharrat Jagdeo acquires more Prime Real Estate in Georgetown
Former President, Bharrat Jagdeo, has acquired even more prime real estate, this time in the posh Queenstown, Georgetown neighbourhood.
The lot 299 Church Street property
According to the Official Gazette, dated December 7, 2013, he acquired the two properties from his friend Brian James. The leases will be passed after December 21, 2013.
Brian James is the local partner for Haier, the company that won the contract to supply computers for the One Laptop Per Family programme.
It is unclear how much was paid to James by Jagdeo to acquire the two properties.
Public record discloses that the transports for the “North halves of lot numbered 299
Church Street and 300 New Garden Street, Queenstown, in the City of Georgetown, in the County of Demerara, Republic of Guyana, with the buildings and erections thereon,” are to be passed on to Jagdeo.
The lot 300 New Garden Street property is the building that houses the Bharrat Jagdeo Foundation which he began building after leaving office.
The properties are located across the road from, and in the vicinity of the Georgetown Cricket Club, Bourda ground, which Jagdeo’s best friend Dr Ranjisinghi
The lot 300 New Garden Street property where the Bharrat Jagdeo Foundation is located
‘Bobby’ Ramroop recently sought to take control of.
The new properties acquired by Jagdeo, would be in addition to the mansion he built at Sparendaam on East Coast Demerara, an area commonly referred to as ‘Pradoville Two.’
How Jagdeo acquired that property was cause for concern when word broke.
During the ‘corruption debates’ which were broadcasted live on NCN, Chairman of the Alliance for Change (AFC), Nigel Hughes had lambasted the saga.
Hughes, who had virtually taken on members of the ruling administration by himself on the “corruption debate” had lashed out at the circumstances under which Jagdeo acquired his two-acre plot of land at Sparendaam.
According to reports, which were confirmed during last September’s debates, Jagdeo acquired his land at Pradoville Two at a “market value” of $5M per acre, a price that was justified by Attorney General, Anil Nandlall. But when compared with the price that the government is offering land to re-migrants at Providence, East Bank Demerara, Jagdeo and his associates have actually secured a sweetheart deal, Hughes said.
In 2010 Jagdeo sold a property he had built in ‘Pradoville One’ for $120M.
That property was sold to Ernest Ross, Guyana’s Honorary Consul to Trinidad and Tobago.
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Once passed, you could look at the transport and see the transfer price.