Kingston Properties Limited (KPREIT) today closed on the acquisition of thirty-six (36) commercial units totalling 37,276 square feet in the Grand Harbour Commercial Centre (GHCC) along with an adjoining parking lot. GHCC is located in Prospect – one of the fastest growing communities in the Cayman Islands and is located at a key intersection connecting the western part of the island to the eastern region. The units are fully tenanted and occupied by a variety of tenants ranging from education facilities, restaurants, hospitality and medical service providers, a supermarket, and consultancies. The commercial centre sits on 6.9 acres of land and KPREIT will hold control over the majority of strata. This marks KPREIT’s fifth and largest investment in the Cayman Islands where per capita income stands at US$88,476 (2021) according to the World Bank.
2023 September 15
www.kpreit.com
