MAS Real Estate Inc is a commercial property investor, developer and operator that is inwardly listed on the main board of the JSE with a dual-primary listing on the Euro-MTF market of the Luxembourg Stock Exchange. Founded by Lukas Nakos and Malcolm Levy, MAS was listed in 2009 with less than €10m of net assets, and with an objective to capitalise on real estate investment opportunities in Western Europe following the financial crisis.Over the course of the next eight years, further capital was raised, supported to a large extent by the Sanlam group and other significant private investors. Listed fund Attacq is the largest shareholder in MAS, with a 30.6% stake. The company has assembled a high-quality portfolio of retail, office, industrial, logistics and hotel properties in the UK, Germany, Switzerland, and — more recently — in Poland, Romania, Slovenia and Bulgaria. While not a corporate real estate investment trust (Reit), MAS is committed to distributing all available income a...
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