https://www.engineeringnews.co.za

Equites raises R650m through share placement

11th June 2014

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

After earlier this week announcing that it would pursue a listing in the Industrial and Office real estate investment trust sector of the JSE, property investment fund manager Equites Property Fund said its private placement of shares to invited investors had been “heavily” oversubscribed, enabling the company to raise R650-million.

The South African group placed 65-million of its shares with invited investors under the private placement at an issue price of R10 a share. 

The allocated shares would be transferred to successful applicants on a ‘delivery-versus-payment’ basis on June 18.

The internally managed Western Cape-based fund, which was focused on industrial assets at the top-end of the industrial property sector, boasted a R1.2-billion portfolio of 17 industrial and office properties comprising 124 253 m² rental space.

Equites aimed to grow its portfolio to R4-billion within five years.

Edited by Tracy Hancock
Creamer Media Contributing Editor

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (10/05/2024)
Updated 2 hours 25 minutes ago By: Martin Creamer

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.989 2.053s - 150pq - 2rq
Subscribe Now