Factories Corporation of Jamaica has struck deals for 16 of the 58 properties that were earmarked for sale in 2018.
The transactions have a combined value of $325.7 million.
The corporation said an additional 21 properties are currently designated as immediately available for sale.
As of August 2, two additional sales valuing more than $60 million were pending. The prospective buyers, who were unidentified, want the properties for commercial and industrial purposes.
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