Four more successes for the investors of Sharemax Investments

Posted On Tuesday, 23 May 2006 02:00 Published by
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Sharemax Investments is one of the largest unlisted property investment companies in South Africa, and has been around since 1999.

Sharemax Investments is one of the largest unlisted property investment companies in South Africa, and has been around since 1999.

Sharemax only markets projects that have been registered by the Registrar of Companies. Only FSB approved and Sharemax accredited financial advisors and brokers are authorised to offer the two products, namely the Income Rendering Product and the Capital Growth Product, to their clients. 

The Financial Services Board (FSB) licensed Sharemax as an authorised financial services provider. Sharemax has already promoted more than R1.7 billion in projects on behalf of more than 17 000 investment clients, who placed their property investments in over 30 successful projects. 

Mr Willie Botha, managing director of Sharemax Investments, said that Sharemax’s main focus is to facilitate the individuals’ investment of as little as R10 000 in prime commercial property.  The same amount is required to invest in the Capital Growth Product’s projects, and so doing to share in the profit from a commercial development.

“Sharemax Investments acts as the promoter where well located, prime suburban shopping centres are registered and managed as a single company.  The individual therefore obtains a shareholding in a shopping centre that has a building as an underlying asset, and has no bond on the property.  You could say that Sharemax takes a wholesale building and turns it into a retail product, in which individuals can invest by means of shareholding”, said Willie Botha.

Thanks to the quality of the buildings in Sharemax’s portfolio, offers were recently received on certain of the buildings, and the directors presented these to the shareholders for consideration.  The prospective buyers also showed their faith by placing a non-refundable deposit of R0.5 million on trust at Weavind & Weavind attorneys.

The shareholders of the four buildings recently attended seperate special general meetings during which they decided to accept the offers received on the buildings, and to sell them.

Centurion Homefront, a building suited to wholesale distribution, was registered in the name of the shareholders on 13 December 2001, for an amount of R7 530 000. An offer to purchase of R9 800 000 was accepted.  The 117 shareholders earned a gross return of 82.02% by means of regular monthly income and the capital growth that will now be realised in a period of four years and four months. 

Centurion Highveld Park is a shopping centre with offices on the first level.  This building was registered in the name of the shareholders on 1 March 2002 for an amount of R29 100 000.  An offer to purchase of R39 800 000 was accepted.  The 350 shareholders earned a gross return of 83.56% by means of regular monthly income and the capital growth that will now be realised in a period of four years and two months. 

The Bluff is a shopping centre in Durban.  This building was registered in the name of the shareholders on 4 November 2003 for an amount of R74 500 000.  An offer to purchase of R113 000 000 was accepted.  The 681 shareholders earned a gross return of 78.44% by means of regular monthly income and the capital growth that will now be realised in a period of two years and five months. 

Glen Gables is shopping centre with offices in Lynnwood, Pretoria and was registered in the name of the shareholders on 7 March 2003 for an amount of R41 250 000.  An offer to purchase of R59 000 000 was accepted.  The 451 shareholders earned a gross return of 78.57% by means of regular monthly income and the capital growth that will now be realised in a period of three years and two months.

The source of these percentages is the financial statements of Centurion Homefront Holdings Ltd, Centurion Highveld Park Holdings Ltd, The Bluff Holdings Ltd and Glen Gables Holdings Ltd.

Willie Botha said that these exceptional performances for investors and shareholders were achieved within a relatively short time; altough investments in commercial property should rather be assessed over a longer term.  He added that Sharemax Investments continually strives to add value to shareholders in the projects that it promotes. 

END

Enquiries: Willie Botha
                 Managing Director of Sharemax Investments
                 Telephone: 082-555-0474 

 


Publisher: Sharemax Investments
Source: Sharemax Investments

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