Endeavour Holdings Limited has announced its plan to purchase Massy Properties. In a posting listed on the Trinidad and Tobago Stock Exchange EHL confirmed it had entered a sale and purchase agreement with Massy Holdings Ltd for 100% of the issued and outstanding shares of Massy Properties.
The agreement was brokered on May 31, 2022. EHL said the acquisition is scheduled to be completed on June 30, 2022, subject to the satisfaction of all conditions precedent, including obtaining all applicable regulatory requirements.
Massy Properties is a property holding company that currently owns the properties known as Uptown Mall and CHIC Building, amongst others. EHL said the acquisition presented a unique opportunity to expand its property portfolio to include additional revenue generating commercial buildings in prime locations.