Wiese-backed Tradehold becomes a pure property play
Investment group has unbundled its financial services and energy business interests
Tradehold, the investment group supported by billionaire Christo Wiese, has restructured itself into a property company with an unusual mix of UK, South African and Namibian assets. Joint CEO Friedrich Esterhuyse said the company that has invested in more than R14bn worth of property can now pay dividends regularly and offer shareholders exposure to a defensive mix of UK commercial properties and a strong portfolio of industrial properties in SA and Namibia. Commenting on the company’s financial results for the six months to August, Esterhuyse said Tradehold is repositioned as a dedicated property business after unbundling its financial services and solar energy business interests to shareholders and listing these separately on the AltX as Mettle Investments. “We have transformed Tradehold from a complex structured company into something far simpler. This is now a company with primarily South African industrial assets which are performing very well and have locked long leases and UK...
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