Another success for Sharemax Investments’ investors!

Posted On Tuesday, 14 February 2006 02:00 Published by
Rate this item
(0 votes)
Sharemax Investments heartily congratulates their clients who invested in the Groenkloof Plaza Shopping Centre, Pretoria on the excellent return on their investment!

Sharemax Investments heartily congratulates their clients who invested in the Groenkloof Plaza Shopping Centre, Pretoria on the excellent return on their investment!

Groenkloof Plaza was registered in the name of its shareholders on the 3rd of May 2003 for the amount of R35 850 000.  An offer of R46 500 000 was recently received for the sale of the building.  The directors of Groenkloof Plaza accepted this offer and the shareholders have already given their final approval.

The new purchasers’ deposit of R1 million is already in trust with the transfer attorneys.  This is once again proof that Sharemax Investments takes care of their property investors’ interests.

Apart from the monthly interest income of 10.05% p.a.* in the first year, 11.08% p.a.* in the second year and 11.52% p.a.* in the third year, the investors will also share in the capital growth of 29.7%.  This means that a total gross return on investments of 58.51% was achieved over a period of 2 years and 8 months.  This is a good performance over a relatively short period, even though property investments should rather be rated over a longer period of time.

There are offers on 19 other buildings in the Sharemax portfolio that are presently being considered, which may render an additional capital growth of more than R200 million to Sharemax’s investment clients.  This is further proof that Sharemax’s Income Rendering Product is a competitive investment alternative.

* Source: Groenkloof Plaza Holdings Financial Statements 2003 – 2006.

Contact Sharemax Head Office
(012) 460-9868 and speak to Andre Brand, Executive Director: Marketing


Publisher: Sharemax
Source: Sharemax

Most Popular

GMI Property Group adds a New Mall to its Stable: Bronkhorstspruit Mall

Jul 21, 2022
GMI Properties Group announces the development of the much-anticipated Bronkhorstspruit…

Equites Property Fund and Mabel conclude B-BBEE transaction

Jul 21, 2022
Andrea Taverna-Turisan
The JSE listed specialist logistics property fund, Equites, today officially announced…

The growing take-away and fast food, and food delivery, culture

Jul 20, 2022
Restaurant and Take-Aways data for May 2022
Restaurant and Take-Aways data for May 2022 points to “solid but slowing” growth in…

The rapidly rising cost of living is reflecting in residential rentals

Jul 21, 2022
TPN Graph-Rental Demand
Demand for residential rental properties saw some recovery in the first quarter of 2022…

Despite hike, interest rate remains below pre-Covid levels, says Dr Andrew Golding

Jul 21, 2022
Dr Andrew Golding
With the inflation outlook deteriorating since the previous Monetary Policy Committee…

Please publish modules in offcanvas position.