Arrowhead to list on JSE in December

Johannesburg Stock Exchange Board.

Property loan stock company Arrowhead Properties will list on the JSE's main board on December 9.

Arrowhead, a wholly-owned subsidiary of Redefine Properties until the repayment and the unbundling, said its main focus would be on paying growing income returns to its investors.

Arrowhead has acquired 89 properties from Redefine, spread across the retail, office and industrial sectors, and across SA.

The property fund said income returns would be achieved through escalating rentals in terms of leases with tenants, satisfactory renewal of leases with existing tenants, letting of vacant space within the portfolios, managing and reducing, where possible, costs associated with the portfolios and by acquiring revenue enhancing properties.

The JSE has granted Arrowhead a primary listing of 84,839,675 A-linked units and 84,839,675 B linked units.