Beris Grey, the investment banker with a keen eye for architectural innovation just raised an additional US$50 million in preference shares offer to close the calendar year.
Sygnus, the company he heads, saw its total assets grow 13 per cent to US$162 million over the year to September 2023. Though the preference shares will not increase capital, it will give the company funds to on-lend instead of using its cash, which is at US$2.6 million.
As the founder of Sygnus, Grey has not only distinguished himself as a key player in the financial sector but has also left an indelible mark on the urban landscape through his recent high-rise commercial development. In particular, One Belmont, the just-completed high-rise, brings modern design into the aged landscape surrounding Knutsford Boulevard and its surrounding areas. The real estate arm holds over J$15 billion in assets to date.
Sygnus also completed its built-to-suit industrial warehouse facility on Spanish Town Road. It made advancements in unlocking value from key strategic assets, including Mammee Bay in St Ann, 56 and Lakespen in St Catherine.
Grey’s formative years at FirstCaribbean and Scotia laid the groundwork for a career marked by strategic insights and an ability to navigate the complexities of the financial landscape.
