KPREIT banks on Cayman real estate boom with Gum Tree deal
Kingston Properties Limited, KPREIT, is banking on a continuing property boom in the Cayman Islands. The real estate investment trust placed a US$3.13-million bet to that effect last Thursday, when it entered into an agreement with a developer to acquire three of four pre-construction units in a mixed-use industrial development in the Cayman Islands called […]
KPREIT Acquires Second Mixed-Use Industrial Property in The Cayman Islands
(Kingston, Jamaica) – Kingston Properties Limited (KPREIT) on Thursday (September 9, 2021) entered into an agreement with a developer to acquire three of four pre-construction units in a mixed-use industrial development in the Cayman Islands called Gum Tree 5. The units are slated for completion in October 2022 and are being acquired for a consideration […]
Kingston Properties Limited Provides $750,000 in Back-to-School Support to Corporate Area Schools
[Kingston, Jamaica] – With schools across the island set to reopen for virtual learning this week, three corporate area schools and their students are today expressing gratitude to real estate investment company, Kingston Properties Limited after the company made donations totalling over J$750,000 to assist with their preparations for the new school year. Chief Executive […]
Kingston Properties to shift investment portfolio to include ‘greenfield projects’
Despite the pandemic, 2020 was a good year for the company Jamaican real estate investment outfit Kingston Properties is shifting its investment portfolio to include ‘greenfield’ or ground-up projects. Kevin Richards, chief executive officer of Kingston Properties, who made the disclosure to shareholders attending the company’s annual general meeting yesterday (July 14), pointed out that […]
Kingston Properties Limited 13th Annual General Meeting
Kingston Properties Limited 13th Annual General Meeting held on July 14, 2021. Kingston Properties Limited is listed on the Jamaica Stock Exchange under the symbol KPREIT. Kingston Properties invests in, owns and manages real estate properties.
KPREIT enters joint venture to acquire Atlanta multi-family
Kingston Properties Limited (KPREIT), through its wholly owned subsidiary, Kingston Properties Miami LLC, today entered into a partnership agreement with Apex Development Group LLC (Apex) and Treevita Holdings LLC (Treevita) to form Polaris at Camp Creek Partners LLC (Polaris) for the acquisition of a 155-unit multi-family property located at 2800 Camp Creek Parkway in Atlanta, […]
Kingston Properties Limited (KPREIT) Declares Dividend
Kingston Properties Limited (KPREIT) has advised that at a meeting of their Board of Directors on June 30, 2021, a dividend was declared to shareholders on record as at July 23, 2021 in the amount of US$0.000664 per unit. The payment date is August 23, 2021. The ex-dividend date is July 22, 2021. Source: Jamaica […]
Victoria Mutual Investments Limited signs $700-million facility with Kingston Properties
Victoria Mutual Investments Limited (VMIL) has inked a $700-million deal with real estate investment company Kingston Properties Limited (KPREIT) in the form of a 13-month bridge loan to complete the expansion of its property portfolio. Dwight Jackson, assistant vice-president, corporate finance, Victoria Mutual Wealth Management Limited (VMWM), said this financing solution aligns well with the VMIL’s […]
KPREIT to substantially gain from investment in more industrial properties
The decision by real estate investment company Kingston Properties (KPREIT) to further invest in the growing logistics industry will yield long-term benefits for them, in the opinion of THE ANALYSTS from the latest episode of Taking Stock with Kalilah Reynolds. KPREIT recently announced that it signed a $700-million 13-month bridge loan with Victoria Mutual Investment […]
