Kingston Properties Ltd – Sale of Property

Posted: January 27, 2015 at 12:00 am

Kingston Properties Limited has advised that it has sold its office & warehouse property located at 83 Hagley Park Road effective January 6, 2015 for approximately Two Hundred And Thirty Million Dollars ($230 million). Net proceeds of the sale are expected to be invested in other properties. Over the five years holding period, Total Return […]

 

KPREIT 2nd Qtr Results 2014 (Amended Notes)

Posted: September 4, 2014 at 12:00 am

  On Page 1 of the report (Group Statement of Comprehensive Income), the line “(Loss)/Profit, being comprehensive expense/(income) for the period/year” is now corrected to read $554 instead of $10,533 for the Unaudited Quarter ended June 30, 2013.

 

Kingston Properties Ltd – Completion of Sale and Purchase of Property

Posted: September 2, 2014 at 12:00 am

Kingston Properties Ltd has advised that they have successfully concluded the sale of 4 of its 19 residential condominium units for approximately US$980,000, realizing cumulative gains of 69.5% over the four year holding period. The Company, re-invested the net proceeds in a 19 unit residential apartment building in an area of Miami. The property was […]

 

Kingston Properties Ltd – Repurchase of 1% Company Shares

Posted: June 16, 2014 at 12:00 am

Kingston Properties Ltd wishes to advise the Stock Exchange, shareholders and the investing public at large that the Board of Directors of Kingston Properties has authorized a buy-back of up to one percent (1%) of the company’s shares in issue for up to one year following the expiry of 21 days from the date of […]

 

Kingston Properties Sale of residential condominium unit

Posted: May 12, 2014 at 12:00 am

Kingston Properties Ltd has advised that through its wholly owned subsidiary Kingston Properties Miami LLC, has successfully concluded the sale if one of its 19 residential condominium units for approximately US$200,000 (J$22 million), realizing a 34% total return over the holding period. This decision is part of a broader plan to sell a total of […]

 

KP REIT Annual General Meeting

Posted: April 17, 2014 at 12:00 am

The Annual General Meeting of Kingston Properties Limited will be held at the Knutsford Court Hotel, 16 Chelsea Avenue, Kingston 5, Jamaica on Tuesday, May 13, 2014 at 10:00 a.m.