Anybody heard much about this Abalengani Property Group?
They're listing their property assets on the JSE in a reverse listing into the Kaydav shell. They're talking about dual listing of Preference and Ordinary shares with the pref shares offering an after tax return of around 15% and you get ordinary shares thrown into the deal.
Getting mixed feedback from the industry - any comments?
Showing posts with label Commercial property. Show all posts
Showing posts with label Commercial property. Show all posts
Sunday, February 1, 2009
Sunday, January 11, 2009
Ouch!
I went to go and get Chinese last night and pulled into our favourite takeaway place near Cresta.
The shopping centre I went in had 7 (thats right 7!) shops that had been boarded up and were listed as TO LET out of 25.
A key anchor tenant who had a double story restaurant was one of the most noticeable tenants missing.
Says a lot for the state of the commercial property market in SA... Going to be interesting to see what effect this has on SA commercial property rentals. Anyone noticed whether rental rates are coming off yet??
The shopping centre I went in had 7 (thats right 7!) shops that had been boarded up and were listed as TO LET out of 25.
A key anchor tenant who had a double story restaurant was one of the most noticeable tenants missing.
Says a lot for the state of the commercial property market in SA... Going to be interesting to see what effect this has on SA commercial property rentals. Anyone noticed whether rental rates are coming off yet??
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