Real estate developer 138 Student Living Jamaica is again eyeing the University of Technology, Jamaica, to grow its business.
The developer of student housing currently operates only at the Mona campus of the University of the West Indies, where it manages more than 1,400 rooms under a three-decade concession agreement.
CEO Cranston Ewan said the possible expansion to UTech was one of several initiatives under consideration, but also noted that the negotiations with the university were not yet at a stage where the company could disclose any details.
138 Student Living recently floated new shares on the market for equity capital, but the APO was not fully subscribed, which meant the company had to reassess its strategy since it could not go as far as it wanted in reducing the company's debt load.
comments powered by Disqus
All feeds
