Eppley Ltd Purchases 19% Stake in Caribbean’s Largest Real Estate Fund

Eppley Limited, a leading Caribbean investment company, says it has acquired a significant stake in the Eppley Caribbean Property Fund Limited SCC – Value Fund, ECPF.

The share purchases constitute approximately 18.7 per cent of ECPF’s outstanding shares.

Eppley Limited says the share purchases were conducted on the Jamaica Stock Exchange and the Barbados Stock Exchange on September 13.

ECPF is the largest listed real estate mutual fund in the Caribbean.

It owns 39 properties comprising 1.2 million square feet across Jamaica, Barbados, Trinidad and Tobago and St. Vincent and the Grenadines.

Eppley already manages and controls ECPF through its subsidiary, EFM, by owning 100 per cent of its common shares.

However, following the share purchases, Eppley says it will also become the largest shareholder of ECPF’s listed shares.