Vividend was listed on the JSE main board on November 18 2010 within the Real Estate Holding and Development sector as a Property Loan Stock company. The company’s primary objective is to identify value and value enhancing opportunities in retail, commercial and industrial asset classes within the R30-R100m range. The company’s primary goal is to create a diverse and stable portfolio of assets capable of generating escalating free cash flows.
The properties under Periscopic’s management will include 4 retail centres: Montclair Mall in Durban, Beaufort Mall in Beaufort West, Rynfield Centre in Rynfield, Benoni and Clearwater Crossing in Radio Kop.
The commercial properties include the Oswald Pirow Building in Roggebaai Cape Town and two stand-alone Absa branches in Blackheath and Rosebank.
Mark Souris, Managing Director of Periscopic Property Management, says “Vividend has a variety of properties in their stable that require different strategies when it comes to effective management. Periscopic is pleased to have this opportunity to show how our flexible approach will enable our client to enhance the yield from their properties,”
Publisher: eProp
Source: PPM
