News Search

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'. 

Page 1 of 2

Most Popular

Building wealth through multiple properties

Aug 01, 2017
Praven Subbramoney
Many individuals who already own more than one property mistakenly overlook key…

Investec Property unearths Komatsu’s next phase of its campus development

Jul 25, 2017
Komatsu 11
Earth-moving equipment giant, Komatsu, has partnered with Investec Property to…

Sun International unveils new Sun Meropa Hotel

Aug 02, 2017
Sun Meropa Hotel
Saturday, 29 July 2017 marked the start of an exciting new era for Sun Meropa with the…

Signatura launches R700million The Onyx on Cape Foreshore

Jul 25, 2017
ONYX Hero High Res Update
Modernist design landmark evolves into iconic residential-hotel development.

The vital link between property finance and effective healthcare in SA Nedbank Property Finance

Jul 28, 2017
DAnvo Jones
The 2016 World Alzheimer Report, released by Alzheimer Disease International highlighted…