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Sirius Real Estate flat on listing

Sirius Real Estate flat on listing - Property | Moneyweb Germany-focused property fund debuts on AltX. JOHANNESBURG – Sirius Real Estate Ltd, a wholly Germany-focused property fund, traded in a tightly bound range on Friday morning, after listing on the JSE’s Alternative Exchange (AltX). By 12:28, just more than 1 million shares had traded, out of a total issued share capital of 632,257,832. Having listed at R6 a share, the day’s low was a moderate R5.95, before edging back up to R6. At that price, Sirius has a market capitalisation of approximately R3.8 billion. With a portfolio the company says is independently valued at R6.4 billion, Sirius is solely a specialist in German property, specifically 30 mixed-use business parks. The company is incorporated in the Channel Island of Guernsey.

Property Mogul - Issue 2 - now out - Property | Moneyweb

Property Mogul - Issue 2 - now out The first piece of investment advice I received was when I turned 18. My father told me that I must invest a third of my savings in property, another third in equity and the remaining third in cash. This investment philosophy was pretty ubiquitous in the 1980s and explains why so many South Africans still firmly believe that property investments, especially residential investments, should form the foundation of investment strategies. However, the market has changed significantly over the past 20 years. Apart from many regulatory changes, which had a negative impact on investment-focus residential properties, the listed property sector has consistently been one of the best performing sectors of the JSE.

Affordable housing construction lags

Affordable housing construction lags The lack of suitable affordable housing stock continues to bedevil the banking sector's ability to increase primary market end user finance, according to FNB chief executive Jacques Cilliers. “Unless we overcome supply side challenges for new builds, lenders, despite their willingness and ability to provide end user housing finance to new homeowners, will continue to be hamstrung by insufficient housing supply,” Cilliers told a banking summit on Friday. The theme of the summit was “A Partnership for Housing Delivery”.

Denny Crane

Denny Crane
It's not me ... yet. Denny Crane from the TV series Boston Legal. Click on picture if you're not sure who he is!