KPREIT Pauses Sale After Fire | Jamaica News

Kingston Properties has paused its sale of the Spanish Town Road property after a June fire damaged one of its buildings, delaying pending offers while they focus on renovations and insurance claims. CEO Kevin Richards says they’ll relist once claims are settled. Despite the setback, occupancy surged to 96% across their portfolio thanks to leasing up vacant spaces—including at Spanish Town Road—and conversions at Harbour Centre. No injuries occurred in the fire, and while insurance payouts remain pending, KPREIT is still targeting strategic sales to reinvest in higher-return assets, with a Rousseau Road development slated for completion by September. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/18cc42e1abde8e9a