Kingston Properties says it had US$86 million in assets under management as at the end of December last year, up from US$71 million during the previous year, an increase of US$15 million.
The company added that it plans to move that figure to US$100 million by the end of this year.
The company also stressed that, in order to achieve this objective, it will be building out a modern parking facility on its 7 East Street property in downtown Kingston.
Garfield Sinclair, Chairman of Kingston Properties, says this development makes sense because downtown Kingston desperately needs better parking facilities.
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