Loan stock firm Ambit gears for JSE listing
Property loan stock company Ambit Properties, a joint initiative of Absa Commercial Property Finance and Marriott Holdings, is set to be listed on the JSE Securities Exchange SA on February 4.
End of the hybrid hype?
Holding good listed stock is still preferable to cash analyst.
Absa's move may not be the last.
After a slump in interim income distribution, unit holders will be overjoyed to learn that management has taken "the first step in a process that will
see Paraprop establishing itself as a leading niche property loan stock". This message of hope, from MD Rodney Squire-Howe, could well beg the
question from your average cynic: What have they been doing up to now?Taking a chance on a capital structure that blew up in their faces is a fair
reply.
Sanlam in latest property fund bid.
Sanlam Property Asset Management said on Friday that it was acting as a promoter and negotiating with various vendors with a view to putting together a large listed property fund.
Absa, Marriott link up in listing venture.
ABSA Commercial Property Finance confirmed yesterday it would be listing a property fund in partnership with Marriott Property Services this year, while Old Mutual Properties is considering the option of listing a new fund.
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