More potential acquisitions sought

ROCKCASTLE Global Real Estate said yesterday it was in advanced discussions regarding potential acquisitions. The company, which has a primary listing on both the JSE and Stock Market of Mauritius, added that it continued to sell listed investments, including those strategically held, to be positioned to reinvest the proceeds in direct properties and developments. Rockcastle’s stated objectives are to invest in direct property in central and eastern Europe and listed real estate securities globally. It added that the company’s outlook, as communicated in its results announcement in November, was unchanged and there was no requirement for shareholders to exercise caution in trading in their Rockcastle shares. – Roy Cokayne