At least three new property listings are heading for the JSE, including a R1.4bn Western Cape-based portfolio owned by entrepreneur and former Redefine Properties director Mike Flax.The other two contenders are retail-focused Liberty Two Degrees and a UK-based property play by global asset manager Schroders.Flax is no stranger to the JSE. He listed his first Western Cape-based property portfolio, Spearhead Property Holdings, in January 2000.The company was sold to Redefine six years later in a deal worth more than R1bn.After spending five years at Redefine, Flax left in 2011 to return to his forte of development and trading.He has since assembled another Western Cape-based portfolio with partners Quintin Rossi and Abu Varachhia.The R1.4bn portfolio, comprising 25 office, industrial and mixed-use properties located in and around Cape Town, will be listed under the banner of Spear Properties on November 11.Flax, who is known for his shrewd entrepreneurial and deal-making skills, conce...
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