Background

Montpelier Citrus Company Limited (MCCL) is owned by the Development Bank of Jamaica (DBJ), which acquired the property from the National Commercial Bank in 1999.

The MCCL property comprises three farms with acreage totaling approximately 1,203 hectares (2,972 acres) of land situated in the contiguous parishes of St. James and Hanover and a 28 acre commercial facility comprising factory and warehouse spacing.

In May 2010, approximately 524 acres of the 2,972 acres was sold to Ramble Enterprise Limited (a family-owned enterprise) via vendor’s mortgage.

  

Status
The DBJ has finalized the Sale Agreement with the Ministry of National Security (MNS) for the acquisition of 74 acres of Block A to accommodate a mobile reserve and Detention Centre and acquisition of 28.16 acres at Block F. Agreement execution expected in March 2018.

 

Montpelier Citrus Company Limited