BVI News

Gov’t enters 6 more lease agreements, to spend $500K on relocation costs

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Government has entered into six additional lease agreements for rental accommodations for 14 ministries and departments who are relocating from the RT O’Neal Administrative Building to facilitate repairs to the facility.

This is according to a report from Cabinet’s November 7 meeting, which said a half-a-million dollars will be spent on moving costs.

The post-Cabinet report listed the entities leasing the office spaces to government as Manuel Reef Marina Limited, Skelton Baylot Limited/Skelton Properties Limited, Harvey and Delker Herbert, Lake Development Co Ltd, Rita Frett Georges, and Burhym Electrical Services Limited.

Lease agreements details

For the Manuel Reef Marina Limited lease agreement, government will be occupying office space on the second floor of the Manuel Reef Marina Building for two years. That space measures 2,394 square feet and is being leased at $30 per square foot. The post Cabinet statement did not specify whether this rate is monthly or yearly.

The agreement between Skelton Baylot Limited is for an office space measuring 4,900 square feet at the rate of $21 per square foot. Government will also be required to pay and an additional service fee of $50 per month. The $21 per square foot rate was also not specified as a monthly or yearly expense.

Meanwhile, Harvey and Delker Herbert will be leasing two offices each measuring 2,421 square feet for two years. They will be on the second and third floors of Building #1 of the RG Hodge Plaza and will be leased at a rate of $3,600 per month, per floor. 

More space rented at Cutlass Tower

The Lake Development Co Ltd agreement will see government acquiring office space on the second floor of the Cutlass Tower building for two years. That office measures 3,067 square feet and will be rented to government for $38 per square foot. Government will also be required to pay an additional monthly service fee of $4.25 per square foot.

The fifth lease agreement is with Rita Frett Georges who is offering an 11,696 square foot space at RFG Place for a duration of five years. The agreed lease rate is $35 per square foot.

The final lease agreement is for two offices within the Burhym Building for a two-year period. It includes the ground floor which measures 1,438 square feet and the first floor which comprises 3,259 square feet of space. The agreed rate for each space is $34 per square foot. 

Standby Landlords

In addition to the agreed leases, Cabinet also decided to consider two additional landlords in the event that more office space is needed.

These additional landlords are Raphael Stoutt who is renting his office space of 2,960 square feet at $30 per square foot, and Island Block Corporation Ltd who is offering a 3,000 square-foot space at $35 per square foot. 

More monies approved

According to the post-Cabinet report, government “agreed that the sum of $380,000 be approved for rent costs for 2019 and that the sum of $500,000 be approved for relocation costs.

Only last month, Cabinet approved more than $1.2 million for a five- and three-year lease agreement with Lake Development Co. Ltd to relocate the Office of the Premier to the Cutlass Tower building in Road Town

Premier Andrew Fahie made it clear that his government was not involved in selecting the location or negotiating the terms of the lease and said it was a necessary move to accommodate the repairs of the admin building.

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  1. Hmmmmm says:

    The sq ft rates are annually! Why would anyone agree to pay $100K a month for renting a space lol. The only one quoted as a monthly fee is the place that’s renting for the flat rate of $3,600 a month.

  2. vip heckler says:

    I still cant understand why the wings in the complex couldn’t be fixed one at a time?

    Like 15
    Dislike 1
  3. here we go... says:

    The FAHIE/VIP administration found a way to start paying off their friends and family..all legal of course. Let the big corruption party begin! Halleluja praise the Lord!

    Like 25
    Dislike 7
  4. Concern says:

    Has anyone considered that the relocation was a recommendation from the company doing the repair. Of course clean up is possible when people are in the building, but anyone who has dealt with mold before knows it strong chemicals that will be used, with fumes. If the space is completely empty, hopefully the work will be done faster, rather than working around people and after hours.

    Like 8
    Dislike 4
  5. SMH says:

    No matter what, people lying in the shadows to pounce on the Government.

    Like 8
    Dislike 5
    • Universal says:

      People are ready to pounce on govt everywhere. Here, it happens all the time because, in the big picture, govts here have been fomentors of cronyism and corruption. Ask yourself, how could the Territory have had a GNP of $ 1 billion+ per year for a couple of decades, and look what we have to show for it: badly maintained roads, poor electrical supply, a massive garbage and environmental problem, woeful educational system, plus every improvement project well over budget in $ and time. But don’t worry yourself: govt planning to fix all this by charging for visas to visit the Territory.

  6. Money Honey says:

    Mrs L**e … is having a bubble bath in Cash

    Like 2
    Dislike 1
  7. Right move says:

    Thank you Hon. Fahie for looking out for the health and safety of the Civil Servants and finally tackling the mold issues that has been plaguing the complex for years.

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