CIBC Caribbean supports Kingston Properties with US$21m facility
Kingston Properties Limited (KPREIT) has successfully refinanced its loan facilities in the Cayman Islands and upsized total borrowings to acquire a 20,000-square-foot, fully tenanted office building in the Aztec West Business Park in Bristol, United Kingdom. This acquisition marks the first entry into the UK market and aligns with the group’s strategic vision of expanding […]
Kingston Properties expands to UK with major office acquisition
Kingston Properties has successfully refinanced its loan facilities in the Cayman Islands and upsized total borrowings to acquire a 20,000-square-foot, fully tenanted office building in the Aztec West Business Park in Bristol, United Kingdom. The group says this milestone acquisition marks the first entry into the UK market and aligns with its strategic vision of […]
Kingston Properties makes big splash in UK with $800-million purchase
Kingston Properties Limited (KPREIT) has made its first purchase outside of the North American region as it purchased a fully tenanted 20,000-square foot property in the Aztec West Business Park, South Gloucestershire, England, for £4 million or US$5.08 million ($793.94 million). The property, which is north of Bristol, the United Kingdom’s fifth-largest city, was acquired […]
Kingston Properties enters UK real estate market
Kingston Properties Limited (KPREIT) has announced its acquisition of a 20,000-square-foot office building in Bristol, United Kingdom, marking its fourth business territory. “This marks the group’s first acquisition in the UK, and it is part of a strategy of greater geographic diversification,” said the company in a release. The acquisition price was not disclosed, but […]
KPREIT Completes Sale of Four More Commercial Units in Cayman
Kingston Properties (KPREIT) says its wrapped up the sale of four more commercial units at the Tropic Centre in the Cayman Islands. This brings the number of units sold to nine, of a total ten units. In a notice to the Jamaica Stock Exchange, the company says the final commercial unit is currently under contract, […]
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 […]
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 purchases Duke Street properties
Kingston Properties (KPREIT) said it has acquired two buildings located on Duke Street, Kingston. The real estate company now has number 6, as well as 8 to 10 Duke Street in its portfolio. The acquisition was done on a sale and leaseback arrangement with Victoria Mutual Building Society and its affiliate, VM Real Estate Holdings. […]
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 […]
EMI, real estate stocks emerge top JSE performers in last 5 years
‘Energy, Materials and Industrial’ (EMI) stocks as well as those in real estate have emerged as the top performers on the Jamaican stock market, based on indicators released by NCB Capital Markets, the undoubted capital market leader in Jamaica. EMI and real estate stocks were the standout champions in the local equities market, arising from […]
