PROPERTY hybrid Tradehold, which boasts retail tycoon Christo Wiese as a major shareholder, made a big play for local property by acquiring the R6.2bn South African portfolio of the Collins Property Group.The deal adds another dimension to Tradehold, which is focused mainly on UK real estate, but also holds African property development interests, specialised financial services in the UK and SA, as well as solar power solutions.This is the second deal that Tradehold has struck with Collins. In March 2015, Tradehold acquired Collins’s UK and African portfolios for £28.2m.The new deal effectively means the Collins group now functions as a wholly owned subsidiary of Tradehold.Tradehold is not widely followed by institutional investors. The deal elevates Tradehold into one of the more significant mid-tier property listings on the JSE — although wider investor interest could by stymied by a lack of share liquidity.One of the market watchers canvassed about the deal noted that Wiese — via ...
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