There’s hardly a fund manager who doesn’t have MAS Real Estate on their stock-pick list. The rand-hedge property play’s popularity has no doubt been driven by its stellar 30% dividend growth, reported this month for the year ending June, and the 91% growth in its income-generating asset base. The market likes the shift in focus from the UK and Germany to development opportunities in Central and Eastern European (CEE) countries. MAS’s CEE foray will be led by Prime Kapital, founded by Martin Slabbert and Victor Semionov, ex-directors of Romania-focused New Europe Property Investments, now known as Nepi Rockcastle.

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