Management

Our History

Grenreal Property Corporation Limited formerly St. George’s Cruise Terminal Limited was incorporated on August 27th, 2004 under the Grenada Companies Act 1994 and commenced operations on April 14, 2005. Grenreal was established to undertake the revitalization and operations of a shopping Centre with duty free facilities adjacent to the new Cruise Ship Port complex in St. George’s. In 2007 Grenreal, in accordance with Sect 219 (225) of the Company’s Act 1994, entered into an amalgamation agreement with Bruce Street Commercial Complex Limited, the owners of the Jan Bosch Building, a commercial center located adjacent to the port complex in St, George’s. Following the amalgamation Grenreal continued to operate under the same name and was listed on the Eastern Caribbean Securities Exchange on July 21, 2008.

Corporate Strategy

The strategy pursued by the Company is based on active real estate portfolio management. Since the Company does not undertake developments itself, it depends on the cooperation with developers such as Zublin Grenada Limited, and an active management of the properties in its portfolio.

The Company pursues to build up a diversified real estate portfolio. For example, the acquisition by merger of the Dr. Jan Bosch Building has been made in order to mitigate the risk of the dependency on the cruise industry.

The Company actively manages – with its own team of dedicated professionals – the real estate portfolio to ensure that a sustained added value is being provided. The real estate investments of the company are restricted to Grenada for the moment.

The listing of the shares of the Company at the Eastern Caribbean Securities Exchange is part of the growth-strategy and will provide the Company with access to the capital markets in order to raise additional funds for future investments.