Wed | Dec 1, 2021

Eppley buys two T&T properties

Published:Friday | May 7, 2021 | 12:29 AM

Eppley Caribbean Property Fund Limited has acquired two commercial properties in Trinidad & Tobago, its first investments in that country.

The buildings on Tragarete Road in Port of Spain and Valsayn Branch Road, Curepe, are used as offices and are fully tenanted, the company said in a release.

The cost of the purchases was not disclosed.

Eppley Caribbean is controlled by Jamaican investment firm Eppley Limited, which took over the Barbados-based property fund, formerly operated under the Fortress name, three years ago.

With the Trinidad purchases, Eppley’s General Manager, Justin Nam, said the company has “now acquired 10 properties totalling in excess of 500,000 square feet since Eppley assumed management of the fund”.

Eppley Caribbean is said to be considering other investments in the Cayman Islands and Guyana.

karena.bennett@gleanerjm.com