A BISX-listed investment company says tenant interest in its flagship Carmichael Road real estate development is being “stifled a bit” by the Bank of the Bahamas International failing to open its planned branch there, telling Tribune Business it was unlikely to be fully leased until 2013.
Julian Brown, president and chief executive of Benchmark (Bahamas), said the company was hoping its Carmichael Road Commercial Centre would be 75 per cent leased by year-end 2011, describing the real estate project as “the only sweet song” in the group following the $1.65 million net loss incurred during the first nine months of 2011.
