More po­ten­tial ac­qui­si­tions sought

The Star Early Edition - - COMPANIES -

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

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