Listed property sector sells more than R6bn in assets since June 2022
Analysts say it is not distressed selling — it has been prompted by need to cut debt and recycle capital
27 August 2023 - 17:11
UPDATED 28 August 2023 - 09:13
SA’s listed property sector sold assets valued at more than R6bn between end-June 2022 and August 2023, with more than R11bn of assets either sold but not yet transferred, held for sale or under negotiations, according to the latest company results and announcements.
Analysts say selling to reduce loan to values (LTVs) — a key measure of the financial health of a property company — remains the main reason for selling for many real estate investment trusts (Reits)...
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