January 2017 | Business View Caribbean

42 43 has been plagued for some time by problems of entirely external origin, but National Properties is confident that the issues of this very valuable physical asset will, in time, be resolved and the hotel would be soon on stream again with a vengeance. The old dilapidated Canouan Beach Hotel property on the island of Canouan was returned to the government to enable it to join the international developers there in a Public/Private Partnership venture to construct a world class marina, now nearing completion. This marina will feature some 110 berths, some of which will accommodate yachts up to 110 meters, and will give a massive boost to yacht- ing tourism in St. Vincent and the Grenadines. National Properties also owns properties National Properties Limited Harold Dougan national properties general manager that help maintain its operating budget. One such property is the medical school property at Ratho-Mill. “St. George’s University used to be in St. Vincent,” says Dougan. “Now they are fully in Grenada. When they left St. Vincent, the property that they were renting from the gov- ernment was vested in us. Since that time, we have gone ahead with a new arrangement with the Trinity School of Medicine. They are leas- ing from us and paying a fair rent. So, they are an ongoing customer.” The Campden Park In- dustrial Estate, on which most of St. Vincent and the Grenadines’ manufacturing sector, including the Hairoun Brewery, is located is also owned and managed by National Properties. Most of the businesses are tenants who pay rent.