MAS Real Estate, with real estate assets in Europe, increased its annual dividend by 30% as a strong performance by its growing property portfolio boosted earnings. The group’s income-generating portfolio performed very well during the reporting period, with net rental income increasing 35% and operating income growing 90% year on year, CEO Morné Wilken said at the release of the company’s financial results for the year to end-June. About 60% of revenue was generated in Western Europe, where the group has a footprint in the UK, Switzerland and Germany. MAS also operates the PKM Developments joint venture with Eastern Europe-focused Prime Kapital, and had co-invested with the firm in a number of assets over the past year, Wilken said.
Prime is run by two highly respected East European real estate experts Martin Slabbert and Victor Semionov. They founded former Romanian mall owner New Europe Property Investments (Nepi). Nepi merged with Rockcastle Global Real Estate in 2017 to f...
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