Kingston Properties Limited (KPREIT) Sale of property

Kingston Properties Limited (KPREIT) would like to notify the Jamaica Stock Exchange, its shareholders, and the wider investing public of the sale of its property at 7 Dumfries Road in Kingston, Jamaica effective August 25. The property was acquired in March 2021 for a consideration of US$1.2 million and has been sold for a consideration of approximately US$1.6 million net of transactions costs.