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Pembury to add retirement villages to its portfolio

3rd May 2017

By: Anine Kilian

Contributing Editor Online

     

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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.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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