On track for share payment
MAURITIUS-based property investment company, Atlantic Leaf Property (ALP), said on Friday it was on track to deliver its forecast full year distribution of 8.5 pence (R1.40) per share for the nine-months period ended November 30, 2016. ALP said it had £308 million (R5.05 billion) in assets under management, which was up 42 percent since February 2016. Paul Leaf-Wright, the chief executive of ALP, said this was as a result of the recent listing from the AltX to the JSE on November 7, the sale of the Wombourne assets and the acquisition of the DHL Runcorn property. “The results are pleasing in that we are on track to achieve our forecast earnings for the 2017 year end,” Leaf-Wright said. He said the company had property assets of £283m from £155m across 47 properties in the period ended November 30, 2016.