Pan Jamaica Looks at MoBay for Real Estate Projects

CEO of Pan Jamaica Group, Jeffrey Hall, says the firm is thinking of expanding its real estate presence to Montego Bay, St. James. The company is known for building large, busy spaces in Kingston. 

Speaking on Taking Stock with Kalilah Reynolds, Hall said the group is just beginning talks about how to move forward.

“We’re beginning a conversation about how should we approach Montego Bay … we bring some expertise to the shareholders that can create value for them,” he said.

He said Pan Jamaica already has experience with fast food/retails spaces. In Kingston, they already work with brands like KFC, Burger King, Island Grill, and Krispy Kreme.

Next, they are thinking about commercial offices. These would be used by banks, law firms, government offices, and other major companies. Hall said Pan Jamaica already has strong experience in this area and believes they could succeed.

The third idea is business hotels, but Hall says that part is still undecided.

Pan Jamaica Group had a strong financial year in 2024. The company’s revenue rose from J$29 billion to nearly J$40 billion. Net profit jumped by 82%, reaching J$4.58 billion. Earnings per share grew from J$1.69 to J$2.82.

They also reported a record profit of J$6.1 billion for the year, up 63% from the year before.

The good performance has continued into 2025. In the first three months of the year, Pan Jamaica earned J$2.1 billion in profit, up 81% from the same period in 2024.

“We are encouraged by the results … Our portfolio of businesses really delivered for shareholders,” Hall said.

With strong financial results and years of experience in real estate, Pan Jamaica Group says it is taking a serious look at Montego Bay.