JSE-listed Pembury Lifestyle Group will introduce six retirement villages, five in Gauteng and one in the Western Cape, into its portfolio.
“Combining these assets under one group is a unique opportunity for an investor to gain access to a portfolio of private schooling and retirement assets that form part of a single JSE-listed company in South Africa,” CEO Andrew McLachlan said in a statement.
The six retirement villages offer more than 400 units. Pembury plans to increase this to 700 units in the next 12 months.