Real Estate Investor Magazine South Africa June 2016 | Page 49

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OFFSHORE

MARC EDWARDS

Fund Manager
Tower Property Fund recently announced its
largest acquisition to date – a Euro 66 million
deal that sees the fund expanding its offshore
presence through the purchase of four retail
centres in Croatia. The acquisition results in
retail properties making up 50% of the fund’s
total portfolio which the company has been
working towards for some time.
CEO Marc Edwards said the acquisition was “an
excellent move for Tower”.
www.reimag.co.za

BRONWYN CORBETT

Investment Officer
Delta Africa announced solid interim quarterly
results for the nine months ended 31 March
2016. Commented Chief Executive, Bronwyn
Corbett: “Despite a challenging operating
environment, our relentless efforts are
increasingly gaining traction and we declared
a profit of US$22.1 million for the reporting
period, compared to a US$4.9 million loss in the
comparative nine month period”.

KEILLEN NDLOVU

Listed Property Specialist
Stanlib’s head of listed property funds, Keillen
Ndlovu on Monday said that he is encouraging
investors to diversify their money by looking
at offshore property investments. Offshore
property stocks have had a strong run over the
past year and continue to stake their dominance
in SA’s listed property sector.

JUNE 2016 SA Real Estate Investor

47