STANLEY Motta Limited, a leading developer of commercial and BPO real estate, has announced Canopy Insurance as the first tenant to fully occupy and operationalise its newly completed Unit 1 building at 58 Half-Way-Tree Road in Kingston.

Unit 1, which is an 11-storey, multi-purpose commercial project, was constructed at an estimated cost of US$12 million or just a shade under $2 billion. Financing for the project was arranged through a consortium of loans provided by First Global Bank (FGB), in partnership with Sagicor Bank and VM Group.

The development marks a significant achievement in Stanley Motta’s mission to redefine Kingston’s commercial landscape, offering purpose-built spaces tailored to some of Jamaica’s most dynamic businesses. Alongside Canopy Insurance, other tenants in the tower will include Productive Business Solutions Limited and the Jamaica Social Investment Fund — each occupying two floors — as well as Eppley Limited and Bowl and Spoon Limited.

Canopy Insurance’s new headquarters spans the entire seventh floor and was designed by Synergy Design Studio. The space features cutting edge interior architecture focused on wellness, productivity, and brand identity.

The project represents a significant milestone in Stanley Motta’s continued expansion and in Jamaica’s growing reputation as a destination for high-value corporate services.

“Our vision was to create a workplace that is as dynamic and people-centric as the company it houses,” said Bruce Lopez, principal architect at Synergy Design Studio. “We incorporated thoughtful materials, natural light, spatial flow, and custom detailing to ensure every element enhances the experience for both the Canopy team and their clients.”

The office includes a state-of-the-art client consultation room; an expansive, open-plan work area; private executive offices; a wellness-focused lunchroom; a sick bay; and advanced IT infrastructure. The design reflects Canopy’s brand ethos and aims to deliver a premium experience for both staff and clients.

Canopy Insurance CEO Oliver Tomlinson expressed enthusiasm for the move, noting the company’s satisfaction with the space and its alignment with their vision.

“This space reflects the growth, ambition, and modern culture of Canopy. Stanley Motta and the Felton Property team have gone above and beyond to deliver a space that’s not only operationally efficient but inspiring,” he stated.

The Unit 1 development is part of Stanley Motta’s broader commitment to creating world-class commercial infrastructure that drives economic growth through job creation. It was also designed with environmental sustainability in mind, featuring enhanced insulation, a rainwater-harvesting system, and plans for a state-of-the-art building management system (BMS).

“We’re proud to support Canopy’s vision and are honoured by their vote of confidence in our facilities. Their move is a clear signal that 58 HWT remains the location of choice for forward-thinking businesses operating at the highest level,” chairman of Stanley Motta Limited Melanie Subratie said.

Located within one of the Caribbean’s premier business process outsourcing and technology hubs, the five-acre corporate property at 58 Half-Way-Tree Road consists of over 300,000 square feet of recently constructed commercial office space. These spaces are being leased under triple-net agreements denominated in US dollars.

Stanley Motta, now welcoming tenants, is looking to book substantial income from the development which seeks to strengthen its competitive advantage as it increases overall rental capacity and drives long-term revenue potential. In 2024 the company reported revenues of $564 million and a net profit of $1.1 billion. Total assets also rose by 18 per cent to total $11.5 billion.

“As Stanley Motta continues to attract leading local and international tenants the company remains focused on enhancing tenant experience, driving innovation in commercial real estate, and positioning Kingston as a hub for next-generation business services,” the company said in a statement.

— Kellaray Miles