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Kingston Properties moving to reduce debt

Listed company Kingston Properties is moving to reduce its debt following the sale of  two housing units.

 
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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