Jamaica REIT Plans IPO

Jamaica REIT Plans IPO


Carlton Savannah REIT, a Jamaican real estate investment trust, will launch an IPO on the Jamaica Stock Exchange Monday, according to Jason Saunders, executive wealth advisor at NCB Capital Markets, lead manager on the deal. The issuer expects to raise around $17.3m through the offering and seeks to purchase 16 apartments at the Carlton Savannah, a boutique hotel and apartment complex in Port of Spain, Trinidad and Tobago, and pay shareholders with rental income. Carlton Savannah seeks to sell a

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