Kingston Properties Limited (KPREIT) has advised that on January 18, 2017, KPREIT completed the acquisition of a property located on Spanish Town Road in Kingston. The property is a warehouse and office complex that is leased to operators of manufacturing, distribution and logistics businesses.  KPREIT advised that the acquisition represents the third Jamaican property currently held in their portfolio and the second acquisition for 2017.

The Company stated that the property is located along a corridor slated for continued infrastructure development which they believe will greatly improve the property’s value in the medium term.