EMIRA

Finweek English Edition - - INVESTMENT -

BUY San­lam says that it be­lieves the prop­erty group is sig­nif­i­cantly un­der­val­ued at the moment and is now the largest over­weight po­si­tion in the San­lam Prop­erty Fund. San­lam told clients: “It trades at an at­trac­tive yield gap to both the sec­tor av­er­age and the bet­ter known large-cap coun­ters in the listed prop­erty sec­tor. Given the high va­can­cies in its of­fice prop­er­ties, which com­prise 40% of the port­fo­lio, we be­lieve there’s good up­side if there’s any im­prove­ment in in­dus­try oc­cu­pancy lev­els.”

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