Audio: MPs Discuss Buying Compass Point
MPs are currently discussing a motion for Government to “approve the purchase of the Compass Point Building together with all land appurtenant thereto, situate at 9 Bermudiana Road, Pembroke” and you can listen to the live audio below.
The Government previously said the negotiated purchase price is $14.5 million for the building, which provides over 81,000 square feet of “structurally sound office space.”
Update 6.02pm: Minister Jache Adams spoke first providing some information, OBA MPs Campbell, King, Cannonier and Pearman spoke and signaled that OBA support the purchase however they do have some questions, PLP MP Famous spoke, said ‘everyone on this side’ supports it, and Minister Adams is now answering some of the questions.
Speaking in the House of Assembly last month, the Minister of Public Works and Environment Jache Adams “I rise this morning to inform this Honourable House of the Government’s intention to purchase the Compass Point Building, located on 9 Bermudiana Road, Pembroke, as part of a broader effort to modernise government operations, reduce long-term rental costs, improve public service delivery, and strengthen the Government’s long-term financial position.
“The Government continues to spend substantial sums each year on commercial rent without creating a lasting public asset in return. In the 2026/27 financial year alone, projected spending on commercial rent is expected to approach $11 million, excluding utilities and service charges.
“The Compass Point Building provides over 81,000 square feet of structurally sound office space, supported by reliable infrastructure, backup power capacity, and the ability to create synergies by accommodating multiple interconnected government departments under one roof.
“This is not simply about moving departments into a new building,” the Minister said.
“When departments that work closely together are located in one place, coordination improves, services become more streamlined, delays can be reduced, and members of the public are better able to access government services without navigating multiple locations.
“The negotiated purchase price for the Compass Point Building is $14.5 million.
“I recognise that this represents a significant investment, but the alternative is to continue spending millions of taxpayer dollars year after year on rent while maintaining a system that we already know is fragmented and inefficient.”
