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Thursday, 20 April 2017 10:45

MAS Real Estate expands into Bulgaria

MAS Real Estate Inc. (“MAS”), a commercial property investor, developer and operator listed on the JSE and Bourse de Luxembourg, today announced the acquisition of two shopping malls in Bulgaria, for €62million.

MAS Real Estate Inc (“MAS”), a commercial property investor, developer and operator listed on the main board of the Johannesburg Stock Exchange (“JSE”) and the Euro-MTF market of the Luxembourg Stock Exchange (“LuxSE”).

Proposed acquisition of investment property co-investment partnership and cautionary announcement.

JSE- and Luxembourg-listed MAS Real Estate, reports a strong results for the year to end-June 2016‚ marked by a 63% increase in rental income and a 34% increase.

MAS Real Estate Inc. (“MAS”), a commercial property investor, developer and operator listed on the JSE and Bourse de Luxembourg, today reported exceptional results for the year ended 30 June 2016, marked by a 63% increase in rental income and a 34% increase in final distribution to 4,50 euro cents per share.

Shareholders are advised that MAS, through its wholly-owned subsidiary, Incantada Capital S.à.r.l., has completed the acquisition of a logistics centre in Munich, Germany.

MAS, through its wholly-owned subsidiary, Instrumento Capital S.a.r.l., has concluded a sale and purchase agreement to acquire three freehold buildings (the “properties”) in Germany from KR Real Estate GmbH & Co. KG (the “acquisition”).

Property group MAS Real Estate’s restated basic and diluted earnings per share for the interim period to end December 2014 amounts to 6.74 euro cents.

MAS Real Estate reported an adjusted net asset value (“NAV”) per share of 114,5 euro cents as at 31 March 2015, representing a cumulative 10,3% increase for the 9 months since the end of the previous financial year being 30 June 2014.

A property developer with powerful South African backing claims that his new building, which is planned for Edinburgh in Scotland, will be a 'vibrant scheme'. 

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