The Rt. Hon. Hubert A. Ingraham, Prime Minister of The Bahamas, last week officially opened Bayside Executive Park, the $30 million, 69,000 square foot office park on West Bay Street. Featuring three buildings, the financial industry office complex is built on over six acres.

Bayside presently accommodates Oceanic Bank and Trust Limited, Pictet Bank & Trust Limited, Teekay Shipping Limited, BSI Overseas (Bahamas) Limited, and Credit Lyonnaise.

Bruce Bell, Managing Director of Oceanic Bank and Trust Limited pointed out, “…with all the events of the past eight months and the evolving changes in the international financial industry, the opening of Bayside Executive Park is a powerful testament to our belief in the future of The Bahamas as an important international financial center”. Along with Pictet Bank and Teekay Shipping, Oceanic is a partner in Bayside Holdings Ltd., developers of the complex.