Kingston Properties Limited (KPREIT) in a recent disclosure through the Jamaica Stock Exchange on Monday, August 28, 2023, announced the closure of a deal that saw them making a profit on the sale of a portfolio property at 7...
Real estate investment trusts (REITs) are companies that own, operate, or finance income-producing real estate. REITs are required to distribute at least 90% of their taxable income to shareholders in the form of dividends. This makes them a popular...
Sam Zell was a legendary real estate investor who built a multibillion-dollar fortune. He was known for his aggressive investing style and his willingness to take risks. Zell was born in Poland in 1941 and came to the United...
Norbrook Realty Limited is on the verge of investing approximately US$75 million in a group of real estate projects at various locations within Jamaica. These projects will be mainly luxury commercial and residential properties. A commercial tower will be...
First Rock Capital Holdings Ltd acquires a major stake in decades-old real estate brand Century 21 Heave-Ho Properties Ltd. Deborah Cumming who has been spearheading Century 21 has grown her business into an international brand that has gained the...
Johnston Development Group spearheaded by entrepreneur Jamila Johnston is taking charge of its first project. It is a $1.2 billion residential development in Kingston called Cardinal Residence. The project spans 1.5 acres, it will contain 36 studios, and 12...
FirstRock Real Estate Investments (FIRSTROCKJMD) has been experiencing a smooth process in its share buy-back initiative which it initiated last month.
During the period between September 28 to 29, they purchased $300,000 USD and $100,000 JMD worth of shares, under...
Sagicor Group Jamaica Ltd is winding down its operations in Sagicor Real Estate X Fund Ltd (XFUND) as they seek out more profitable ventures.
X Fund, which once controlled various lodgings, presently possesses a single hospitality property - The DoubleTree...
Barita made yet another major real estate purchase in St. Mary, this time they purchased Green Castle Estate which is another coastline property for $1.3 billion. This property comes with the famous Blue Hole attraction, which is popular in...
The JMMB Group Limited (JMMBGL) is hoping to profit from the development potential in the business housing market, focusing on the advancement of business, warehousing, and business process reevaluating (BPO) projects over the course of the following few years.
To...
