(3.1417 ha) 6.25 acres of land along the Southern Main Road adjacent to the Point Lisas Industrial Estate. The land is zoned for Industrial and Commercial use and has the advantage of multiple approved access points off of the Southern Main Road
The property is owned by a company called Trinidad Energy Investments Ltd (TEIL) which is a single asset company created solely for the ownership and development of this parcel of land. The land is vested in the Company by virtue of a Deed of Lease between Point Lisas Industrial Port Development Company Ltd. (PLIPDECO)
and (TEIL) initially for a term of 30 years commencing in April 2006 with an option to renew for one 30-year term.
The annual rent is USD$51.523 plus VAT, subject to review every 5 years. The rent has remained constant since
the start date of the Lease to present