ON THE SPOT
Resilient on Eastern Europe, the mafia and market manipulation via social media
One of the biggest drawcards of the Resilient group’s listed property real estate investment trusts (Reits) has been almost uninterrupted double-digit distribution growth for the past few years. Once a virtue, that’s now prompting sceptics to ask how the companies are able to produce such high growth so consistently. Business Day caught up with Resilient CEO Des de Beer. I don’t think there is a concern, I really don’t. You can see the major institutions entering the market and buying recently; they like our transparency, they understand the model. If you look at our assets, [they’re] very different to everybody else’s and in very good condition. We’ve made some very good decisions, entering markets early which were very neglected — and we’ve done well out of them. I remember when we first went into Romania, people were saying: Romania, Mongolia — today they’re saying these are some of the sexiest markets in the world.
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