Special Advisory: Kingston Properties Limited (KPREIT)

December 21, 2021

Kingston Properties Limited (KPREIT) has advised that on December 17, 2021, the Company completed the acquisition of an approximately 2.7-acre property on Spanish Town Road in Jamaica with approximately 23,000 S.F. of warehouse and office space to be leased. The property was acquired for a consideration of J$215 million.

KPREIT has also advised that on December 17, the Company disposed of the last unit held in the Loft II Condominiums in Miami, Florida. During the fourth quarter of 2021, a total of three (3) condo units at the Loft II were sold for a total consideration of US$888,000.

For further details, visit www.jamstockex.com


Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.