First Rock acquires Century 21 Jamaica franchise holder

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First Rock Group says it has acquired a majority stake in Deborah Cumming’s company, Heave Ho Properties Limited, the local franchise holder for real estate brokerage Century 21.

The acquisition of the business was done through First Rock Century Holdings Limited. But the terms of the transaction were not disclosed.

Cumming will remain as CEO of the brokerage, while Jordan Chin will chair the company. Ryan Reid, Michael Banbury, Rohan Grant and Sean Shelton have also joined the board.

Century 21 Heave Ho Properties has over 50 agents, working from its Kingston and Montego Bay offices. The business was founded by Cumming in 1998.

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Norman Reid

FirstRock Real Estate Investments Limited

Mr. Norman Reid is the Chairman of First Rock Real Estate Investments. He is a career Banker and has served the Financial Services Sector for over 40 years with his most recent post being Senior Assistant General Manager for Retail Banking at NCB. His expertise includes Risk Management, Leadership, Sales Management and Governance.

He serves as Chairman of the EXIM Bank, and is a Director of the Western Regional Health Authority and Sam Sharpe College. Norman holds a BA in Banking and Finance, a Diploma in Banking (ACIB) and a Diploma in Retail Banking from the BAI (BANK Administration Institute) USA. He is also a Fellow at the Institute of Banking and Financial services in the UK. Mr. Reid was also appointed as a mentor to the Emerging Leader Initiative administered by the Bank Administration Institute.