AFP has a portfolio of 67 properties
worth R12.3 billion. We believe that Fourways Mall development would improve
shareholders' value when completed. Fourways, Johannesburg, has a good transport
network and capacity to attract office
and retail accommodation tenants. South Africa accounts for 89.4% of gross
leaseable area and 91.7% of turnover of AFP.
The
European operation made revenue of R100.1 million at year end (March 31, 2018) which
translates to 8.6% of total revenue in the year under consideration.
Revenue
has been growing by 18.4% in the past three years. Investors enjoy tax benefits
as they are exempted from capital gains tax and they do not have to pay
securities transfer tax whenever they buy and sell their shares.
Read full report here.
No comments:
Post a Comment