Investec Property Fund leaders eye local prospects
Market has many opportunities, but group will stay prudent on capital allocation to unlock value for shareholders
23 March 2022 - 19:29
JSE-listed Investec Property Fund’s (IPF) joint CEOs Andrew Wooler and Darryl Mayers say the SA property sector’s recovery led to stabilisation of its business, driven by a drop in vacancies and an increase in leasing activity.
Overall, portfolio vacancy rates fell to below 6% from 11.4% at the beginning of the year, while about 92% of financial year 2022 expiring lease agreements were relet, despite the constrained operating environment...
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