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