Barita Investment has yet again made a purchase of prime beachfront property in St. Mary, Jamaica. The size of this landmark purchase is 1600 acres. Lately, the investment entity has been ramping up interest within the local real estate market.
Due to the nature of the purchase and the location, it seems like it is an area that is primed for some sort of tourism development that can complement the Ian Flemming International Airport.
Time will tell what will be done, but it’s pretty interesting. It also gives us an idea as to where investors are looking to capitalize on real estate opportunities.
What made this story even more interesting is the fact that earlier this year, they purchased the Reggae Beach property which is approximately 300 acres from successful businessman Michael Lee-Chin.
Overall these developments are interesting and show that there is still a lot of interest within the North Coast real estate market.
