Texton halves dividend as overdue debt rises by more than a third
10 March 2020 - 08:37
Texton Property Fund has halved its interim dividend, reporting on Tuesday that arrears from clients has climbed by more than a third in an environment characterised by limited economic growth and oversupply of office space.
The group’s UK property interests were under pressure from continued uncertainty over Brexit during its half-year, the group said, while in SA several speculative property developments came to market in Gauteng even as tenants looked for bargains...
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