Matemeku 104, the black-owned company founded by businessman Moss Mashishi, has acquired the 28% stake in Calulo Investments

New listed property company says it is currently talking to government with a view to acquiring one or two of its properties on the market

New listed property company Calulo Property Fund is currently talking to the government with a view to acquiring certain government properties

Calulo Property Fund Limited is now to be launched as South Africa's first fully integrated, black empowered property fund

Listed property funds are loathe to pay high asking prices for quality properties selling at low yields because of the dilutionary effect it would have on their earnings.

THE managers of new listed property company Calulo Property Fund say they are confident they will be well positioned to attract significant government and parastatal business because of their strong empowerment credentials.