The small-cap property company has in its portfolio 51 established properties across the country‚ including ownership of two prominent regional shopping centres.
Upon listing‚ the funds portfolio was valued at R5.9bn at a forward yield of 9.7%‚ versus the property sector's weighted average of 7.8%.
Non-executive chairman of the fund Tito Mboweni said the company looked forward to using this platform to invest in well-priced income-producing properties to optimise capital and income returns for shareholders.
During Accelerate's debut more than 600‚000 shares had exchanged hands with its share price at R4.94.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
SAMRA 2 days
