Kingston Properties Limited offers rights issue for expansion
Kingston Properties Limited will seek to improve and expand its Caribbean and North American real estate holdings with the funds raised from the rights issue beginning November 18. The real estate company is chaired by Garry Sinclair and led by CEO Kevin Richards. “We have been geographically diversifying into growing economies, which continues to pay […]
Opportunity Zones and the future of retail top this week’s real estate events
Real estate leaders will congregate in Downtown Miami and Brickell for this week’s events on Opportunity Zones, retail and technology: ▪ The Opportunity Zones Roundtable, hosted by law firm Duane Morris and public accounting firm Cherry Bekaert, will take place Monday from 3 p.m. to 6:30 p.m. at 201 South Biscayne Blvd. The two panels — […]
Kingston Properties Aims For $2 Billion From Rights Issue
Kingston Properties Limited, KPREIT, which operates a listed real estate trust, expects to double its market capitalisation with a $2-billion rights issue. It would take the market capitalisation to $3.8 billion from the current $1.8 billion as at Monday. CEO Kevin Richards acknowledged that the figure represents the bullishness of the market and confidence in […]
Kingston Properties readies for $2- billion rights issue on November 8
Kingston Properties has announced November 8 as the date for its $2 billion renounceable Rights Issue. The real estate investment trust company is seeking to raise approximately $2 billion by offering to its existing ordinary shareholders the opportunity to participate in the rights issue at a rate of 1.106 new shares for every ordinary share […]
Caribbean real-estate company launches $75 million STO
Might real-estate investors and fans of tokenized, digital assets have found a match made in paradise? A Caribbean-based real-estate company is offering foreign investors an opportunity to buy up to $75 million worth of tokenized stakes in oceanfront properties in the Dominican Republic—with some big promises attached to each purchase. The company, La Estancia Holdings, today announced the extension of a security […]
Kingston Properties Limited (KPREIT) Passes Resolution to increase the Company’s Share Capital
Kingston Properties Limited (KPREIT) has advised that at a duly convened Extraordinary General Meeting of the shareholders of the Company, a resolution was passed to increase the authorised shares of the company from 500,000,000 ordinary shares to 1,000,000,000 ordinary shares. KPREIT further advised that the increase in share capital is part of the Company’s strategy to substantially increase its […]
KPREIT Rights Issue To Fund Property Buys
REAL ESTATE investment trust Kingston Properties Limited is going after new property purchases in Jamaica and Cayman Islands, while simultaneously disposing of up to another five condominiums in Florida that have been put up for sale. The new acquisitions will focus on commercial real estate, including an undisclosed number of offices, warehouse and industrial spaces to […]
KPREIT Draws Down Loan For New Acquisitions In Cayman And Jamaica
Kingston Properties Limited, real estate investment trust which trades on the market as KPREIT, is eyeing more commercial properties in Jamaica and the Cayman Islands, says CEO Kevin Richards said. Those acquisitions would be financed by loan proceeds drawn down by the company this month, as well as the disposal of residential property it owns […]
KPREIT pumps $576M in Jamaica, Cayman properties
Kingston Properties Limited (KPREIT) has spent a total of $576 million on its most recent acquisitions in Jamaica and the Cayman Islands. The properties, purchased in January, are already yielding results for the company based on an overall increase of 58.6 per cent or $37.4 million more in Group rental income for the six months […]
