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JAM | Feb 19, 2023

First Rock executing another J$2-billion real estate development

/ Our Today

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9-storey, high-rise development in Kingston 5 

Concept art for the $2-billion development, Bonne Chance.

Durrant Pate/Contributor

First Rock Real Estate Investments Limited is undertaking another J$2-billion real estate development in the Corporate Area.

Fresh from its successful J$2-billion Hambani Estate development, located on the cul-de-sac of Bamboo Avenue in Liguanea, St Andrew, First Rock through its subsidiary, FCH Jamaica Developers Limited, is undertaking this latest J$2-billion development, which is aptly named ‘Bonne Chance’ which is a French term meaning ‘good luck’ in English.

‘Bonne Chance’ will be a nine-storey, high-rise development, which will boast 43 luxury studios to two-bedroom apartments and penthouses. First Rock has received full approvals for building out its real estate complex, which will also feature a garden terrace, swimming pool and jogging trail.

IN PROCESS OF EXITING HAMBANI

The project is being financed by a combination of debt financing and operating income. Ground for the project will be broken this Thursday and construction commence thereafter.

First Rock is now in the process of exiting the much successful Hambani Estate development, which comprises 12 stand-alone luxurious residences, four and five bedroom villas ranging from US$1.8 million – US$2 million.

The homes are designed in a forward thinking yet timeless manner.

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