Grit sees investment opportunities worth R8.6bn

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The real estate income group is eyeing investments in the industrial, corporate accommodation and hospitality sectors

Grit CEO Bronwyn Corbett says the group is well-placed for growth. Picture: SUPPLIED

At the end of December 2018, the company’s property portfolio and other income-producing assets were valued at $796.4m. “We are well-placed with an excellent platform for growth and we look forward to capitalising on a significant and growing pipeline of investment opportunities that the company has currently identified,” said CEO Bronwyn Corbett.

Grit wants its loan-to-value ratio to reduce to between 35% and 40% over the medium term, from 43.4% at the end of December 2018.

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 MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

BUSINESS MAVERICK: Bullion’s current tear offers scant golden opportunity for South African producersBullion’s spot price is on the up, hitting six-year highs on the prospect of lower US interest rates and rising tensions between Washington and Tehran — a winning combination for gold bulls. South African producers of the precious metal should see rising profits as a result, but there is no golden opportunity for an industry in a serious state of decline. And the ultimate costs to the South African economy may be high, given that Donald Trump’s actions are helping to propel gold’s run.
Source: dailymaverick - 🏆 3. / 84 Read more »