NaRRA to spend $115 million annually to lease new headquarters at Digicel Building
Originally published by The Gleaner Read the original
The National Reconstruction and Resilience Authority (NaRRA) is to spend approximately $115.2 million annually to lease its new headquarters at the Digicel Building in downtown Kingston, with operations at the facility scheduled to begin on November 1. NaRRA said in a press release on Monday that the five-year lease for the premises at 14 Ocean Boulevard was agreed at a rate of US$26 per square foot, for a total annual cost of US$725,972, or about $115.2 million at today’s exchange rate.