KPREIT APO gets green light by brokers
As Kingston Properties Limited (KPREIT) waits on subscriptions for its additional public offering (APO) to roll in, some brokers have published their research on the $7.50 price being offered relative to their valuations and expectations based on the underlying environment. The APO opened on Tuesday and is set to close on May 10. KPREIT is […]
Kingston Properties seeks $1.5 billion from APO
Real estate investment company, Kingston Properties Limited (KPREIT), is again tapping the equities market. This time to raise $1.5 billion with the option to upsize to $2.25 billion as it inches towards its strategic goal of having one million square feet of real estate under management and amassing $10 billion in equity by 2023. In […]
Kingston Properties Limited (KPREIT) Announces Corporate Restructuring
Kingston Properties Limited (KPREIT) has advised of a strategic reorganisation of the Group’s structure. With this restructuring, KPREIT transferred 100% of its shareholdings in Kingston Properties (St. Lucia) Limited on January 4, 2022, to its wholly owned subsidiary KPREIT (St Lucia) Limited which was incorporated in St Lucia on December 29, 2021. Additionally, Kingston Properties […]
Kingston Properties Limited (KPREIT) – Property Acquisition
KPREIT Acquires second property on Spanish Town Road This is to advise the Jamaica Stock Exchange, Kingston Properties Limited (KPREIT) shareholders and the general investing public that KPREIT, on December 17, 2021, 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 […]
REITs continue big rebound after COVID dip: RBC’s Blair
Canadian real estate investment trust (REIT) and real estate operating company (REOC) performances have made a dramatic comeback since the early dark days of the pandemic. RBC Capital Markets Real Estate Group managing director Carolyn Blair did a deep dive into the numbers during a Sept. 28 presentation as part of the virtual RealREIT conference. […]
Chinese real estate developer Kaisa halts trading in Hong Kong, as debt concerns escalate
Hong Kong listed shares of Chinese real estate developer Kaisa Group Holdings were halted on Friday, following news that it had missed a payment on a wealth management product earlier this week. It comes as investors continue to watch for developments in China’s property sector following the fallout from heavily indebted Evergrande. Kaisa said in an exchange […]
Kingston Properties Limited (KPREIT) Acquires New Property In Jamaica
This is to advise the Jamaica Stock Exchange, Kingston Properties Limited (KPREIT) shareholders and the general investing public that KPREIT, on October 11, 2021, completed the acquisition of an approximately 1.5-acre property in the Cross Roads area that will be developed to house small bay warehouse units. This continues KPREIT’s thrust to increase its holdings […]
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 […]
