Trematon reports subdued activity in Western Cape property market

Trematon Investments, which is focused on the property and leisure markets in the Western Cape, expects the province’s real estate market to be subdued for as much as 18 months, as a number of new apartment buildings come on stream in the region.

The group reported on Monday that intrinsic net asset value per share rose 8% to R4.82 in the six months to end-February, representing a 38% discount to its share price. Independent analyst at Small Talk Daily Research, Anthony Clark, said Trematon’s portfolio may be less impressive than previously thought.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Nearly R3bn in investment raised for Cape Town, Western Cape in 2018/19This followed a successful fourth quarter in which more than R500 million in declared investments was secured.
Herkunft: TheCitizen_News - 🏆 6. / 75 Weiterlesen »