Kintyre Holdings is announcing the acquisition of a prime property in Stony Hill, St Andrew, for J$110 million, marking a strategic addition to its real estate portfolio.

The acquisition was made through its subsidiary, Parallel Real Estate Ventures Limited, which is the real estate development arm of Kintyre Holdings. The plan is to subdivide the property to create two luxury villa lots and three modern townhome lots. Each lot will be sold with pre-approved architectural plans and covenants, designed to establish a premium residential environment and offer buyers a turnkey investment or build-ready opportunity. 

In a statement to the Jamaica Stock Exchange, where its shares are traded, Kintyre Holdings notes that “while Parallel remains focused on full-scale developments such as The Chalet at Bengal Beach, this acquisition reflects a diversified investment strategy. By incorporating shorter monetisation timelines through land subdivision and premium lot sales, Parallel is balancing its project portfolio to achieve a mix of long-term capital appreciation and shorter cash conversion cycles.”

This approach allows the company to generate steady cash flow and profits while larger developments progress over their longer timelines. “Not every project we take on will be a full 3–5 year development build,” declared President & CEO of Kintyre Holding, Tyrone Wilson, who explained, “through Parallel, we’re creating a balanced portfolio that combines flagship developments with transactions that unlock value faster. By diversifying our project timelines and cash conversion cycles, we’re strengthening cash flow and accelerating returns, while still building long-term value through larger developments.” 

Parallel Real Estate Ventures has been contributing strongly to Kintyre Holdings’ overall performance since last year, driving both profit growth and increased shareholder equity. This acquisition reinforces Kintyre Holdings’ role as an investment holding company, with Parallel executing a strategic blend of development, subdivision, and asset monetisation initiatives to maximise value.