RJR Moves to Monetise North Street Property in Strategic Restructuring Push

• Radio Jamaica Limited (RJL), operating under the RJRGLEANER Communications Group brand, announced on May 12, 2026, that it has entered into a binding agreement with LP Azar Limited for the sale of its North Street property in downtown Kingston, including adjacent lots and parking areas.
• The divestment forms part of the media group’s broader restructuring and modernisation strategy as it seeks to streamline operations, improve efficiency, and sharpen focus on its core print, digital, and broadcast businesses.
• The proceeds from the transaction will support the continued consolidation of operations at the company’s Lyndhurst Road campus, reflecting an ongoing shift toward a leaner operational model amid the evolving media landscape. That said, the transaction remains subject to customary closing conditions and is expected to be completed within approximately 45 days.
• RJR’s ordinary share price closed trading at J$2.12 on May 13, 2026, reflecting a 2.6% decrease year-to-date.

(Sources: Jamaica Stock Exchange & NCBCM Research)