The Port of Spain Infrastructure Company has taken possession of the MovieTowne compound in Port of Spain.

In a statement, the Company said it exercised its right of re-entry to take premises which was leased to Trinidad and Tobago Commercial Development Company Limited.

It adds that the re-entry exercise was undertaken as a consequence of breaches of the terms and conditions of the existing Deed of Lease between POSINCO and TCDC.

POSINCO says it has been in discussions with TCDC for several years regarding the said breaches in an effort to avoid today’s outcome, but laments that those discussions have not borne fruit.

It also stated that it tried to conduct the re-entry exercise peaceably and in a manner that would be the least disruptive to the tenants and other stakeholders of TCDC, adding that it will continue to treat the matter with sensitivity and in accordance with the Laws of T&T.