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JP Group sells $400m in assets in 2nd quarter

Jamaica-producers

THE Jamaica Producers Group (JP) keen on focusing on its core food and shipping activities sold more than $400 million worth of assets including its prominently branded office block at Oxford Road during the second quarter.

The company will continue to utilise that office space in a lease arrangement with the undisclosed purchaser.

JP now occupies less than one-third of the space at Oxford Road and will continue to occupy these offices under a lease arrangement with the purchaser, according to Charles Johnston in his chairman’s remarks prefacing the financials.

Published in the Observer
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