KPREIT seeks extra-regional acquisitions
Real estate investment trust Kingston Properties Limited (KPREIT) is eyeing properties in strong economies and away from the hurricane belt as it continues the hunt for investment properties. CEO Kevin Richards wants KPREIT to hit US$100 million in assets under management (AUM) by 2025 and has expanded the search for distressed properties to markets outside […]
KPREIT accelerates UK property acquisitions amid expected interest rate cuts
Kingston Properties Limited (KPREIT) is swiftly moving to acquire at least one property in the United Kingdom before the end of the year, seizing opportunities as expectations grow for cooling interest rates in the country. The property management and development company has expressed its intention to acquire distressed UK properties for nearly two years but […]
Banks will all become tenants eventually, says KPREIT CEO
Pointing to the global trend of banks selling real estate that once housed their operations and then becoming tenants in the same buildings, CEO of Kingston Properties Ltd (KPREIT) Kevin Richards says it’s only a matter of time before all local players go that route. It’s called sale and leaseback and it’s now a major […]
Kingston Properties relaunches share buyback
Kingston Properties Limited (KPREIT) has relaunched its share buyback programme as other listed companies seek to repurchase their shares at a time when some stock prices are considered undervalued. KPREIT made the announcement on Monday that it would be seeking to repurchase up to 0.5 per cent of its issued ordinary shares for up to […]
Kingston Properties increases local assets with downtown Kingston acquisitions
Kingston Properties Limited (KPREIT), a property management and development company, has acquired two buildings at 6 Duke Street and 8-10 Duke Street in Kingston through a sale and leaseback arrangement with Victoria Mutual Building Society (VMBS) and its affiliate VM Real Estate Holdings Limited. The properties, totalling nearly 60,000 square feet, bolster KPREIT’s local market […]
KPREIT gears up for property purchase with new US$5-m loan
Kingston Properties Real Estate Investment Trust (KPREIT) appears to be one-step closer to executing on its long-discussed plans to acquire at least one property in the United Kingdom before the close of 2024, having secured US$5 million in new loan from First Caribbean International Bank. The property management and development company which made the disclosure […]
KPREIT marks 15th anniversary with house donation to Callaloo Mews mom
Thirty-eight-year-old mother of two, Marlene Rose, was a picture of pure joy as she received the keys to a new house courtesy of Kingston Properties Limited, through Food For The Poor (FFP) Jamaica. The donation, which was made on Monday (April 24) as part of Kingston Properties’ 15th-anniversary celebrations, saw Rose, her partner and two children abandoning […]
Kingston Properties Limited donates house to Callaloo Mews mother
Thirty-eight-year-old mother of two, Marlene Rose, was a picture of pure joy as she received the keys to a new house courtesy of Kingston Properties Limited, through Food For The Poor (FFP) Jamaica. The donation, which was made on Monday (April 24) as part of Kingston Properties’ 15th anniversary celebrations, saw Rose, her partner and […]
KPREIT pulls back from Dumfries Road expansion
Kingston Properties Limited is pulling back from a prime acquisition in the heart of the New Kingston business district. The real estate investor, also known as KPREIT, bought the 7 Dumfries Road property in early 2021 for just over US$1.25 million… Read full article here
KPREIT on the hunt for distressed properties
Real estate investment company Kingston Properties Limited, known as KPREIT, is on the hunt for distressed properties whose owners may be finding it difficult to sustain their investments under current economic conditions. CEO Kevin Richards says the expectation is that the relatively high interest rate regimes in play in North America and Jamaica will continue […]
