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Channel: Money Talk Ja
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Derrimon Trading is making a major move by selling 12.36 acres of prime real estate in Drax Hall, St. Ann, for J$741.6 million—a price roughly 40% below its appraised market value of US$7.8 million (J$1.25 billion).
In this video, we break down why Derrimon is selling at such a heavy discount, the working capital shortage driving this decision, and how a new Real Estate Investment Trust (REIT) managed by Different Capital (Christopher Williams and Gary Matalon) plans to turn this land into a J$1.6 billion housing development.
Is this a smart liquidity move by Derrimon to reduce debt, or are shareholders getting a raw deal? Watch the full breakdown to learn what this means for investors and the Jamaican real estate market!
Do you think Derrimon is making the right call to sell for fast cash, or should they have held out for full market value? Let us know your thoughts in the comments below!
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Video length: 12:00