Investec sets out to build another Growthpoint, Metboard - Property | Moneyweb
Investec sets out to build another Growthpoint, Metboard - Property Moneyweb
Many negatives confront the property sector but the impending listing of Investec (JSE:INL) Property Fund shows that institutions still have a good appetite for listed property stock.
Sam Leon, CEO of Investec Property Fund, is not too worried about macro matters. All he knows is that on a micro level he is happy with the R1.77bn portfolio he is bringing to the market. His vacancies are lower than 5% and he reports that the quality of the tenants is superior
“Compared to the other funds, it is reasonably small but it is a platform from which to grow.”
Many negatives confront the property sector but the impending listing of Investec (JSE:INL) Property Fund shows that institutions still have a good appetite for listed property stock.
Sam Leon, CEO of Investec Property Fund, is not too worried about macro matters. All he knows is that on a micro level he is happy with the R1.77bn portfolio he is bringing to the market. His vacancies are lower than 5% and he reports that the quality of the tenants is superior
“Compared to the other funds, it is reasonably small but it is a platform from which to grow.”
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