Kingston, Jamaica — 11 March 2026
Jamaican Teas Limited has announced that it will exit the real estate sector after more than a decade, signalling a strategic shift that reflects the pressures and complexities facing mid-sized property developers in Jamaica’s housing market.
The company confirmed that it will begin divesting its remaining property assets, including the final 12 units of its Belvedere apartment development. The decision forms part of a broader pivot toward strengthening the company’s manufacturing operations and expanding the activities of its investment subsidiary, QWI Investments Limited.
The Belvedere project, a 30-unit apartment development, has taken longer than anticipated to sell despite pricing that many would consider relatively accessible within Kingston’s current housing market. According to the company, the one-bedroom apartments, priced at approximately $30 million, have generated little profit.
During a recent investor briefing, the company’s chief executive…
