Grenreal Property Corporation Limited has been specifically set up to enable local and regional private, professional and institutional investors to benefit from the positive effects on real estate market of the successful development of the cruise tourism in Grenada in particular and the development of Grenada as a tourist destination in general.

The Company is the owner of two new, recently completed properties located on the reclaimed lands of the St. George’s New Cruise Port, the “Esplanade Mall” and the “Dr. Jan Bosch Building”.St. George's New Cruise Port

The two properties are rented to third parties and have very low vacancies. The combined value of the two buildings is approximately EC$ 80 million. The Company has the intention to increase its real estate portfolio by acquiring new properties. Presently, there are no immediate acquisitions planned.

The Company has an equity value of over EC$ 40 million and is presently owned by private as well as public entities. The Company wishes to extend its shareholder base and therefore has applied for a listing at the Eastern Caribbean Securities Exchange in St. Kitts and Nevis. The listing will offer the Company access to the capital market in order to raise additional funds for future investment opportunities. Furthermore it will also give the existing shareholders a market valuation and liquidity of their shares.

The Company was originally incorporated under the Companies Act 1994 under the name of “St. George’s Cruise Terminal Limited” on August 27, 2004. The original share capital was US$ 5 million issued in 5 million fully paid up ordinary shares. On June 3, 2005, the Company was renamed to “Grenreal Property Corporation Limited”.

Under an Amalgamation Agreement registered on September 15, 2007, the Company was recently merged with another real estate company, the Bruce Street Commercial Complex Limited (“Bruce Street”). Pursuant to the above mentioned Amalgamation Agreement, the amalgamated company kept the name Grenreal Property Corporation Limited.

The 5 million shares of the Company were fully converted in to 5 million shares of the amalgamated company. The 4.5 million shares of Bruce Street were converted into 2,662,598 of the amalgamated company, resulting in 7,662,598 fully paid, ordinary shares.