Go West, young property fund
TheSPECtacle HAS its roots in a small (not exactly picturesque) Eastern Cape town, so we’re not prone to disparaging remarks about dorpies. Still, recently listed property group acquisition strategy – especially paying R39m for a shopping centre in Beaufort West – does raise an eyebrow. Surely Vividend could have pocketed the whole town for that price?
If there’s any justice in this world TheSPECtacle will pay for that churlish remark by having to note (and record) a high yielding performance from the much-maligned Beaufort West shopping centre in years to come.