First Rock Group has exceeded expectations, hitting $10 billion in assets in just over three years of operation.

As at December 31, 2021, the company had total assets of US$45 million, representing a year-over-year increase of US$25 million. First Rock also experienced a decline in total expenses by 20 per cent to US$3.2 million.

The company’s chairman and CEO, Ryan Reid, said First Rock was pleased with its growth and would be continuing its effort to expand.

“We have achieved immense success over a short period of time. This is testament to our hardwork and dedication. We hope to continue down this path of development in the future,” he said.

The company said the achievement has positioned it to take advantage of the newly built St Thomas Highway, which will run from Harbour View, St Andrew and into Portland.

Through its subsidiary, First Rock Capital Holdings, the Group plans to develop luxury villas a short distance adjacent to the highway, thus giving much ease in terms of transportation access.

“The proposed development is slated to be the first of its kind for the parish of St Thomas and is in alignment with the Government’s overall development plans for the parish,” Reid shared.

 The development will be undertaken in partnership with a private company and is being touted as one of the many moves by investors to advance the highway project.