Advtech seeks to grow asset base of properties unit
Private school owner Advtech could list its properties separately in the future under a real-estate investment trust
The properties division of JSE-listed private school owner Advtech intends to grow its asset base to R6bn by 2022. There is the possibility that Advtech could list its properties separately in the future under a real-estate investment trust (Reit). Many listed-property investors are hungry for more specialised Reits entering the JSE, said Old Mutual Investment Group’s Evan Robins. A student housing Reit is set to list in October, making it the first education-based Reit in SA. Advtech owns the majority of its sites and campuses, with a small number of sites on long-term leases or leased with an option to buy. The schools division includes seven brands, with 90 schools across SA, as well as Gaborone International School in Botswana. "Our expansion in the schools and tertiary sectors in SA and the rest of Africa will further consolidate our market position as the largest education provider in Africa. We have an exciting growth plan with secured land banks across the continent, which w...
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