The Massy Group wants to dispose of one of its iconic pieces of real estate in Barbados, the Massy Dome in Warrens, and it is asking $40 million for the property.In the company’s 2022 annual report, the Trinidad and Tobago-headquartered Caribbean conglomerate said as part of its strategy going forward, it was relieving itself of underperforming assets and non-core operations.Chairman of Massy Robert Bermudez said in recently published consolidated financials, most of the underperformers had been relinquished, paving the way for the group to pursue new opportunities through acquisitions.With the aggressive divestment process well in train, Bermudez explained all that remained of the underperformers to be disposed of were some “non-core real estate assets in Barbados” as the group reduced its debt to equity to 25 per cent.
