Lighthouse Capital completes transition year
As much as 80% of the property fund’s investments are now in directly held property
Lighthouse Capital, formerly known as Greenbay Properties, returned €600m (R9.8bn) of capital to shareholders in the year to September, as it divested from most of its infrastructure fund and concessions investments. The group has established itself as a fund that focuses on owning properties directly.
At the end of its financial year to September, about 80.6% of Lighthouse’s investments were directly held and the rest were in listed securities. ..