INDUSTRIAL PROPERTY
Atlantic Leaf rakes in asset growth
The group timed its entry into light industrial real estate well in a competitive market, says CE Paul Leaf-Wright
JSE-listed Atlantic Leaf Properties, the Mauritian-based real estate company that invests in light industrial nodes in the UK, says it has grown its assets under management, from £270m at the end of May 2016 to £303m at the end of May 2017. CEO Paul Leaf-Wright said the group had timed its entry into light industrial real estate well in a competitive market. "We entered the market at a clever time. The market was at a weak point and we saw the potential in light industrial properties," said Leaf-Wright on the sidelines of the release of the group’s financial results for the quarter to May. "These results reflect a solid performance for the quarter where the company achieved its forecast earnings target and is on track for the full-year forecast distribution of 9p. "Our focus remains firmly on the UK, which still presents numerous good opportunities for us to consider. Notwithstanding the elections and Brexit talks, we see occupier and investment demand. Income and capital growth con...
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