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Kintyre Holdings Limited has announced the purchase of a prime property in Stony Hill, St Andrew, for J$110 million, marking a strategic expansion of its real estate portfolio.
The acquisition, made through its subsidiary Parallel Real Estate Ventures Limited, will see the land subdivided into two luxury villa lots and three modern townhome lots, each offered with pre-approved architectural plans and restrictive covenants to ensure a high-end residential community.
In its statement to the Jamaica Stock Exchange, Kintyre said the move aligns with a diversified investment strategy aimed at balancing long-term developments such as The Chalet at Bengal Beach with shorter monetisation cycles.
“By diversifying our project timelines and cash conversion cycles, we’re strengthening cash flow and accelerating returns,” said Tyrone Wilson, President and CEO of Kintyre Holdings.
Parallel Real Estate Ventures has been a key growth driver for the company, contributing to both profits and shareholder equity. The Stony Hill acquisition further cements Kintyre’s role as a leading investment holding company with a strategic focus on real estate development, subdivision, and asset monetisation.