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Stenprop Limited, listed on the JSE’s Main Board and the Bermuda Stock Exchange, announced today that it reached agreement to acquire a portfolio of multi-let industrial (MLI) properties as well as the management business that has built up and managed that portfolio, C2 Capital Limited, for a combined consideration that values the two businesses at £130.5 million.
Stenprop Limited (“Stenprop”), a UK based property fund listed on the JSE’s Main Board and the Bermuda Stock Exchange, announces its interim results for the six months ended 30 September 2016.
The SA Listed Property Index (SAPY) recorded a negative total return (-0.50%) for the month ended 30 November 2015.
Ongoing portfolio development to underpin continued growth.
Investors must be circumspect when it comes to investing in new off shore property companies that are listing on the JSE.
According to Catalyst Fund Managers, the yield to maturity on the Long Term Government Bond Index weakened by 5bps to end the month at 8.44% (8.39% - 31st August 2015).
Stenprop is pleased to announce that formal approval has been granted by the JSE Limited for the migration of its listing from the JSE’s AltX to its Main Board.
Stenprop completes flagship London acquisition and expands presence in the Berlin retail market.
Gerald George Leissner serves as the Chief Executive Officer of Arrowhead Properties Limited.