First Rock realty firm now operational

First Rock Group has set up a realty firm which will buy, sell and lease premium real estate in Jamaica.

The directors of the new firm have shareholders in common with First Rock Capital Holdings, FRCH, the listed firm through which the group invests in real estate, but is not directly connected to it, according to First Rock Group CEO Ryan Reid.

FRCH’s subsidiaries include First Rock USA LLC, First Rock Capital Latam, Sociedad Anonima, First Rock Capital Cayman, and FCH Jamaica Developers Limited. All the subsidiaries are property investment companies, except FCH Jamaica Developers, which handles real estate development.

First Rock Realty Limited became operational in summer this year, said Reid. It joins more than 230 entities that are registered to conduct realty services in Jamaica, and is currently marketing the units in First Rock Capital’s luxury townhouse development called Hambani Estates.

FRCH holds total assets of US$41 million.

business@gleanerjm.com