The Lagoon townhouse complex in the Cayman Islands, a joint venture development between Proven REIT Limited and Infinity Capital Partners, is slated for completion and delivery of units in early 2023, a spoke person for Infinity Capital Partners advised ICIsider.com.
The complex comprises 13 residential units comprising nine two-bedroom and four three bedrooms townhouses in Georgetown, the capital of the country are all sold.
The units were priced at CI$520,000 for the two-bedroom units and $675,000 for the three-bedroom units. That amounts to US$624,000 and US$810,000. Converted to Jamaica dollar, put prices at JS$960,000 and J$1.247 million. The unit sizes range up to around 1,600 square feet for the three-bedroom units and slightly less for the two-bedroom units.
The Lagoon townhouses Cayman
Cayman could be lucrative for Grace
Grace Kennedy Money Services will be expanding operations into the Cayman Islands through GraceKennedy Money Services (Cayman) Limited (GKMS Cayman), a member of the GraceKennedy Group and authorized agent of Western Union, CEO Don Wehby announced recently.
With this new market, Grace Kennedy through its money services subsidiaries now represents Western Union in ten countries across the Caribbean, the other nine being . Jamaica, Trinidad and Tobago, Guyana, St. Vincent and the Grenadines, St. Kitts and Nevis, Antigua and Barbuda, Anguilla and Montserrat and the British Virgin Islands. The market should be quite lucrative for the Grace Kennedy group, as it is the fourth largest country from remittances into Jamaica with US$124 million entering the island from the tiny group of island, according to Bank of Jamaica data, but the market could be a challenging the going forward with concern about money laundering within the region.
Scotiabank will be partnering with Grace Kennedy and Western Union to deliver money transfer services to the residents of the Cayman Islands.
GKMS Cayman will initially have a total of four locations in Grand Cayman and one in Cayman Brac, all opening Monday to Saturday. “There is a vibrant community in the Cayman Islands and we look forward to not only welcoming our new customers into the GKMS family, but working with all stakeholders and contributing to the development of their communities,” Allen added.