Kevin Richards, Managing Director, Kingston Properties, in one of the company's promotional features
Kingston Properties has announced that it will be selling one of its assets in a reshuffling of its portfolio.
The company says the aim is to free-up capital in order to invest in higher yielding securities or fund other development projects.
According to Gary Sinclair, Chairman of Kingston Properties, there is an impeding transaction that will lead to the sale of an asset.
He also says the move is part of a broader strategy to generate cash from sales to reinvest the capital in projects with higher rates of return.
Managing Director Kevin Richards stressed that the company remains flexible and is not afraid to sell some properties in order to generate higher rates of return on other assets.
Kingston Properties was established in 2008.
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