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Harbour Centre in the Cayman Islands (File photo)

Kingston Properties enters agreement to acquire commercial units in Cayman Islands

Harbour Centre in the Cayman Islands (File photo)

Kingston Properties Limited (KPREIT) last Friday announced that it 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.