Transcend Property Fund collects bulk of April and May rent
But the group says it remains concerned about the ultimate effect of Covid-19 on SA
Specialised residential property fund Transcend said on Friday it had collected the vast majority of its rent for April and May, but remained cautious about the effect Covid-19 will have on the broader SA economy.
The company owned 23 buildings worth R2.77bn as of end-December, which it lets monthly. It said it had collected 92% of rent for April, and 95% of rent for May...