Balwin Properties is looking to raise between R713 million and R1.6 billion ahead of its listing on the “Real estate holding and development” sector of the JSE main board on Thursday, 15 October 2015.

Balwin Properties Limited, South Africa’s largest homebuilder focusing on large scale sectional-title residential estates in high-growth, high-density metropolitan nodes in South Africa’s major cities, today announced its intention to list on the main board of the JSE Limited, subject to requisite approvals (the “Listing”).

The asset value of the SA Corporate Real Estate Fund would increase to more than R7,8 billion from the current R6,8 billion through the acquisition of a portfolio of 51 properties from Collins Property Group (Pty) Ltd and Buffet Investments ( Pty) Ltd, the fund said today

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