GoGlobal‚ which has a primary listing on the Bermuda Stock Exchange‚ will issue 250‚000 shares at an issue price payable in rand which is equivalent to £1 per share determined at the prevailing sterling/rand exchange rate on April 23.

A total of 500‚000 GoGlobal shares will be listed.

The company said it had a primary objective of investing in real estate companies and assets that are high-yielding with the prospect of generating an income return for shareholders coupled with potential capital appreciation.

Go Global has a track record of success in the real estate market specialising in commercial real estate, master planned communities, and hospitality services.