Tuesday, 06 November 2012 16:23

Government ‘must resolve lease issue’

DELTA Property Fund CEO Sandile Nomvete says the cloud hanging over state leases needs to be resolved as it makes it difficult for black empowered companies to get new leases.

Delta Property Fund, a R2,1 billion property group and predominantly government-tenanted BEE company is to list on the JSE. The listing, scheduled for early next month, will follow a Nedbank Capital-led capital-raising exercise of R980 million. 

Delta Property Fund has announced its intention to list on the JSE before the end of the year, bringing to the market a R2.1bn property portfolio.

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