Octodec’s residential assets to provide growth
Octodec investors should expect share price appreciation in the coming months, while the company maintains dividend payouts of 6%-7%
Octodec Investments is a R6bn market capitalisation fund that owns a substantial number of high-quality residential assets, many in Johannesburg and Pretoria’s inner cities, and Killarney Mall in Johannesburg. The group’s largest asset is The Fields, a retail asset with a value of R776.7m in Hatfield, Pretoria. It includes a hotel, shops, offices, flats and parking. Killarney Mall, the second-largest asset, is worth R641.0m. It has been an underperformer but may be positioned to improve. Rosebank, a suburb next to Killarney, is booming, and this should have positive knock-on effects for Killarney. Octodec also owns various high-quality residential units.
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