THE PROPERTY HANDBOOK 2017
Greenbay Properties review
Greenbay is a hybrid company that strives to deliver capital and income growth by investing in direct property as well as in listed real estate and infrastructure securities
Greenbay Properties is an internally managed real estate and infrastructure investment company that has primary listings on both the Stock Exchange of Mauritius and the JSE. The company migrated in March 2017 from the AltX to the main board of the JSE and was included in the Sapy in June 2017.The company’s CEO is Stephen Delport, who has worked for the Resilient group of companies for some time. Greenbay is a hybrid company that strives to deliver capital and income growth by investing in direct property as well as in listed real estate and infrastructure securities. Greenbay is currently evaluating further direct property acquisitions and potential developments in Europe. For the interim period ended March 2017, Greenbay declared a dividend of 0.20p (£) and is expected to meet its guidance of 0.40p (£) for the 2017 financial year. The company has announced that it will change its reporting currency from pounds to the euro effective from April 2017.The company has had a meteoric ris...
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