Sign in
Open an account
Back to Market News
Market News
Special Advisory: Kingston Properties Limited (KPREIT)

October 31, 2018

Kingston Properties Limited (KPREIT) has advised that the Company has completed the acquisition of a four-storey, 32,000 square feet commercial building located at 52-60 Grenada Crescent in New Kingston. The purchase now brings to a total of three properties held in Jamaica. The building is fully tenanted with a wide cross section of tenants ranging from law firms, government agencies and a BPO firm.

KPREIT further advised that the property was acquired at a price of $435 million and was financed both by a senior secured loan facility with CIBC First Caribbean Jamaica and the net proceeds of the sale of condos in the US.

More Stories from the Market
shutterstock_342262439
XFUND: Dividend Consideration
April 10, 2026   Sagicor Real Estate X Fund Limited (XFUND) has advised that at a meeting of its Board of Directors to be held on May 18, 2…
Learn More ➔
shutterstock_453968572
Special Advisory: Innovative Energy Group Limited (ENERGY)
April 10, 2026   Innovative Energy Group Limited (ENERGY) has advised that the resolutions passed at its Annual General Meeting held on Wed…
Learn More ➔
shutterstock_453968572
Special Advisory: Wisynco Group Limited (WISYNCO)
April 10, 2026   Wisynco Group Limited (WISYNCO) has advised that Mr. Sean Scott will be leaving the position of Deputy CEO to pursue a new…
Learn More ➔
shutterstock_193038047
PTL Reports Nine-Month Net Profit of $110.41 Million
April 10, 2026 Paramount Trading (Jamaica) Limited (PTL) Unaudited Financial Statements for the Nine Months Ended February 28, 2026 Paramou…
Learn More ➔
shutterstock_107279942
U.S. CPI increased by 0.9% in March 2026
April 10, 2026 The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI‑U) increased 0.9% on a seaso…
Learn More ➔
shutterstock_453968572
Overseas Headlines – April 10, 2026
April 10, 2026 United States: US CPI Surges 0.9% in Largest Monthly Jump Since 2022 on Gas   US inflation surged in March by the most in …
Learn More ➔
shutterstock_148562033
Trade In Shares: Supreme Ventures Limited (SVL)
April 9, 2026   Supreme Ventures Limited (SVL) has advised that on April 7, 2026, two connected parties purchased 4,700,000 and 12,258,207 …
Learn More ➔
shutterstock_453968572
Overseas Headlines – April 9, 2026
April 9, 2026 United States: US Consumer Spending Barely Rose, Inflation Lingered Pre-War   US consumer spending barely rose in February …
Learn More ➔