PIL is the 100% owner of REAL PROPERTIES Limited, which was formed as the vehicle for both residential and commercial real estate-related investments for PIL. The first of these investments has been completed with the development and sale of ‘ei8ht’ a residential property through PROVEN Kingsway Limited, a wholly owned subsidiary of REAL PROPERTIES Limited. The company is embarking on other residential developments and continues to monitor the local and regional real estate markets for new opportunities.