News Formal

No student housing listings likely in 2020 due to poor market

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Canada News News

Student accommodation provider Respublica says it won't list in 2020 and it's unlikely that any of its competitors will list then either

Student housing provider Respublica, in which SA’s second largest listed property group Redefine Properties has a 51% interest, has shelved its plan to float on the JSE after it failed to meet its 2020 bed target.

Three years ago, Respublica CEO and founder Craig McMurray said the company hoped to provide 20,000 beds to SA’s youth by the 2020 intake, after which it would consider a listing in the same year or the next. But market conditions have worsened so much that the company only has 9,300 beds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: Rand extends losses as risk sentiment wanesThe rand is likely to remain volatile as markets await the medium-term budget; the rescue plan for Eskom; and a credit-ratings review from Moody’s
Source: BDliveSA - 🏆 12. / 63 Read more »