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    MAS Real Estate to go to capital markets

    MAS Real Estate says it will go to market next month to raise capital to fund its plans for its accelerated growth in the UK and continental Europe.
    By Alistair Anderson
    28 Jan 2014
    MAS is to raise capital to fund its activities in Europe. Image: Anankkmi
    MAS is to raise capital to fund its activities in Europe. Image: Anankkmi Free Digital Photos

    The capital raising would precede the company's move from the AltX to the main board of the JSE which is set to happen later this year.

    MAS is a real estate investment company with a portfolio of commercial properties in Western Europe.

    Company chief executive, Lukas Nakos confirmed the move to the JSE main board when announcing the company's results for the 10 months from March to December last year.

    MAS changed its financial year-end from February to June‚ to align it with that of its major shareholder‚ Attacq Limited‚ previously Atterbury Investment Holdings.

    The company achieved a profit of €3.2m for the period up from a loss of €0.89m at the end of its previous financial year.

    An amount of €1.68m has been proposed for a potential dividend payment.

    Read more: Europe, money, capital, properties, MAS Real Estate, Lukas Nakos
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    Source: I-Net Bridge

    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
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