Kingston Properties buys second London property near Heathrow and Gatwick

 


Kingston Properties Limited (KPREIT) announced on April 1, 2025 that it has closed on the acquisition of its second property in the United Kingdom on March 31, 2025.

The property is Building 4 – Dorking Business Park, described as a fully tenanted 13,000 SF office building located in Dorking, "which is an affluent commuter town 27 miles south of London, and is known as the principal commercial centre in the Mole Valley District.

Management said that the the acquisition represents the continuation of KPREIT’s strategy of geographic diversification and capital deployment in resilient markets.

They outlined, "The property is well positioned within Dorking’s prime office park, immediately adjacent to Dorking West Railway Station, offering excellent connectivity to London and both Heathrow and Gatwick airports. The tenants in the building operate in diversified and resilient sectors, including healthcare, aviation logistics, as well as media and events management. These industries are essential to both the regional and national economy and are backed by strong demand fundamentals."

This acquisition, they stated, was funded by both debt and cash resources and now brings the geographic dispersion of KPREIT’s portfolio to: Cayman Islands (42 per cent), Jamaica (41 per cent), UK (12 per cent), and US (5 per cent).




Caribbean Money Daily

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