Tradehold returns to profit and looks to sell off UK interests
23 May 2022 - 16:42
Christo Wiese-chaired Tradehold, a property investment group that has about half its assets in SA, says while it continues to benefit from a high-quality tenant base and strong collections, it is looking to sell off its UK interests for £102.5m (R2bn) to simplify its structure.
The group said on Monday, along with its results to end-February, it has plans to sell subsidiary Moorgarth Property to an entity that counts five Tradehold directors as shareholders, including Wiese, in a related-party transaction. The group said it considered its structure unnecessarily complex...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.