South African property development group Heartwood Properties listing at the 4 Africa Exchange or 4AX.
You’ve got some available income to invest and your portfolio is lacking a commercial property investment. What exactly should you be looking for?
Many investors feel daunted by the large capital outlay required for a real estate investment and the onerous and time consuming responsibilities of being a landlord. A viable alternative to physical property ownership is to invest in a Real Estate Investment Trust (REIT) or a property fund. Johan Fourie, Head of the Exchange Advisory Division at Pallidus Capital shares insight into what exactly the options are right now.
The fourth and final phase of the popular Willow Wood Office Park, developed by Heartwood Properties, in Fourways in Gauteng, is currently under construction and due for completion in March next year.
Welcoming global multi-national company, Genesys, who provides a customer engagement solution that is both in the cloud and on premise based to more than 11 000 companies in over 100 countries who will take up nearly half of the new block.
The CEO of Heartwood Properties, the first property company to list on the new 4 Africa Exchange (4AX), says he expects more private property owners to join the bourse in 2018.
Heartwood listed on 4AX in March, with CEO John Whall saying he chose the exchange because it was inexpensive to list for the firm, which owns assets worth about R120m.
Investing in the right type of building in the right area is imperative with commercial property
Commercial property remains a viable and even lucrative investment that offers inflation-beating returns despite South Africa’s lacklustre economic growth and political instability. The past few years have seen a plethora of new commercial property developments, primarily in Joburg and Cape Town’s business districts but like any investment opportunity it’s important to understand the sector and the inherent risks, says John Whall, chief executive of Heartwood Properties.
“Bear in mind that an investment into any commercial property typically involves a large capital outlay and is a long-term investment.”
A joint venture between Gauteng property developers Brydens Group and Montagu Property Group, Heartwood Properties is the first property company to list on the new 4 Africa Exchange (4AX). Heartwood focuses primarily on properties in the warehousing and commercial sectors.
Cape Town, 3 August 2018, Heartwood Properties, born out of a successful joint venture between Gauteng property developers, Brydens Group and Montagu Property Group, is the first property company to list on the new 4 Africa Exchange (4AX).
Designed for smaller businesses, the 4AX, launched in 2017, offers shareholders the same required governance and controls as other exchanges but at a very competitive price to issuers. It’s ideally suited to a company like Heartwood who will continually need to raise new capital for limited investors as they grow.
Cape Town – Heartwood Properties – a joint venture between Gauteng property developers Brydens Group and Montagu Property Group – is the first property company to list on the new 4 Africa Exchange (4AX).
Designed for smaller businesses, the 4AX, launched in 2017. According to Heartwood, it is ideally suited for it as the company will continually need to raise new capital for limited investors as they grow.
SA’s alternative stock exchange, 4 Africa Exchange Proprietary Limited (4AX) introduced its the listing of its first issuer operating in the property sector, this week.
Heartwood Properties Limited (Heartwood Properties) was announced as the first listing in the property market by 4AX CEO, Fay Mukaddam.
Heartwood CEO John Whall said 4AX appealed to the company, owing to the exchange’s listing requirements, which, although strict, suit a small business better than the requirements of some of the larger exchanges.