Atlantic Leaf to adopt dual strategy approach - CNBC Africa

Atlantic Leaf to adopt dual strategy approach


by admin 0

Atlantic Leaf Properties will start listing on the JSE on 3 April 2014. PHOTO: Getty Images

The Mauritian-based property company, which is expected to start listing on the Johannesburg Stock Exchange (JSE) on 3 April 2014, is also looking to gain exposure to real estate through investments in listed and unlisted shares and securities of real estate companies.

(READ MORE: S.Africa poised to see specific property listings)

“Atlantic Leaf will adopt a dual strategy approach to its real estate investments. It is considered that Atlantic Leaf will present an attractive opportunity to South African investors. It is the view of the board of Atlantic Leaf that South African property investors now see comparatively attractive value in carefully selected opportunities in real estate markets outside South Africa,” the company said.

“Accordingly, Atlantic Leaf is seeking a listing on the AltX to broaden its investor base and source additional capital to fund growth aspirations.”

All of Atlantic Leaf Properties Limited’s issued shares were listed on the Stock Exchange of Mauritius (SEM) on 25 March 2014.

(READ MORE: Listed property accessible easiest through unit trusts)

The JSE has granted Atlantic Leaf a secondary listing of all of the company’s issued shares on the Alternative Exchange (AltX) of the JSE as a foreign inward listing.

“Atlantic Leaf has been established with the primary objective of investing in high quality, investment grade real estate assets and companies which deliver suitable returns for investors through both income and capital growth,” it said.

“The company will invest in listed and unlisted shares and securities of real estate companies, and in a portfolio of fixed property assets which it will own either directly or through subsidiaries.”

Atlantic Leaf’s investments are expected to comprise listed real estate securities in selected developed markets in Western Europe, including the United Kingdom, Germany and France.