LISTED PROPERTY
New entrant Tenurey perks up advisory sector
Listed property advisory used to be dominated by a handful of service providers, but a new entrant to the market, Tenurey BSM, launched in October 2017 to service listed and unlisted real estate companies, has brought much-needed competition. Originally, the investment banks provided this kind of service, but this has changed over the past five years, with Java Capital firmly placing itself as a respected and reliable service provider, advising on numerous mergers and acquisitions, rights issues, listings and often acting as a sole bookrunner during capital raises. Former CEO of JSE-listed Annuity Properties and previous head of property advisory at Investec corporate finance, Panico Theocharides, along with Shaun Stewart (also previously at Investec corporate finance) and Panos Zagaretos (previously a senior manager of investments at the Public Investment Corporation’s property division), have combined their experience to bring specialist advisory and due-diligence skills to their ...
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