Listed company Kingston Properties is moving to reduce its debt following the sale of two housing units.
Kingston Properties moving to reduce debt
10:24 pm, Sun February 17, 2019
It has informed the Jamaica Stock Exchange that it completed the sale of a condo unit at the Midblock Condominium complex in Midtown, Miami.
In addition, a unit at the Loft Two Condominium complex has gone into contract and the sale is expected to close next month.
Over US$400- thousand from the transactions will be used to acquire other properties and reduce Kingston Properties' debt.
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