Arrowhead Properties granted REIT status by JSE

Posted On Thursday, 11 July 2013 09:30 Published by eProp Commercial Property News
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Linked unitholders are advised that Arrowhead's application for Real Estate Investment Trust ("REIT") status has been approved by the JSE Limited.

Arrowhead Properties

Arrowhead has been granted REIT status with effect from the commencement of its next financial year, being 1 October 2013.

Arrowhead Properties is a listed property loan stock company holding a diverse portfolio of retail, industrial and commercial buildings in secondary locations throughout South Africa.

Benefits for REIT structures include no entry tax and no capital gains tax on the profit from the sale of property owned by the company. All distributions to shareholders or linked unit holders are tax deductible.

Last modified on Thursday, 17 April 2014 13:36

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