Kingston Properties, KPREIT, has made its first investment in the United Kingdom.
The company on Thursday announced the acquisition of a fully tenanted 20-thousand square-foot office building in Bristol.
The property, located in the Aztec West Business Park, is part of KPREIT's strategy to diversify geographically.
Bristol, the UK's fifth-largest city, is a hub for industries like aerospace, defence, engineering, and financial services.
KPREIT is optimistic about the UK market, forecasting economic growth in 2025 driven by government spending and interest rate cuts.
The suburban office sector, where the property is located, continues to show resilience amid a push for employees to return to office settings.
The acquisition was funded through debt and proceeds from the sale of units at the Tropic Centre in the Cayman Islands.
KPREIT's assets are now spread across the Cayman Islands, Jamaica, the US, and the UK.
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