Local economic outlook remains weak and SA is still feeling the effects of slow economic growth‚ says Accelerate Property Fund.
Accelerate Property Fund releases maiden results for the year ending March ahead of its prelisting forecast.
Accelerate Property Fund listed today on the main board of the Johannesburg Stock Exchange ("JSE"), in the "Real Estate – Real Estate Holdings and Development" sector.
JSE's R249bn listed property sector delivers a muted 7.3% total return for the first 11 months of this year, some way off the 17.92% achieved by the All Share index over the same time.
Accelerate Property Fund raises R1.9bn by placing 385-million shares at R4.88 each prior to its listing on the JSE next Thursday.
Accelerate Property Fund, a newly formed retail focused property Fund, is pleased to announce its intention to list on the Johannesburg Stock Exchange.

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