Pretoria - Ambit Properties, a joint initiative of Absa Commercial Property Finance and Marriott Holdings due to be listed on the JSE Securities Exchange next month, has a short- to medium-term objective of growing the value of its portfolio to more than R1 billion.

Firm's goal is to diversify outside SA

We have been promised a spate of property listings this year, and the first is upon us - and it's also the first new listing of the year of any kind

Pretoria - Ambit Properties, a joint initiative of Absa Commercial Property Finance and Marriott Holdings due to be listed next month on the JSE Securities Exchange, has acquired a portfolio of 34 local properties at a cost of R508.35 million.