Kingston Properties Limited (KPREIT) enters agreement to acquire commercial units in the Cayman Islands

Kingston Properties Limited (KPREIT) today entered into an agreement to acquire three (3) of four (4) 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 of approximately US$3.13 million. KPREIT has an option to acquire the fourth unit at the completion date.