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Atlantic Leaf Properties raises R175m

By SA Commercial Prop News 2014-04-07 17:05:00  
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Atlantic Leaf Properties‚ which will list on the JSE’s AltX on Friday‚ said last Friday it had raised R175m (approx. £10m) by issuing 10-million shares at R17.51 a share. Atlantic Leaf Properties‚ which will list on the JSE’s AltX on Friday‚ said last Friday it had raised R175m (approx. £10m) by issuing 10-million shares at R17.51 a share.

Atlantic Leaf Properties‚ which will list on the JSE’s AltX on Friday‚ said last Friday it had raised R175m (approx. £10m) by issuing 10-million shares at R17.51 a share.

The proceeds raised from the private placement bring the total capital raised for the listing to £15.293m.

The Mauritius-based and listed company said last month that its strategy was to invest in listed and unlisted real-estate companies‚ as well as in its own portfolio of fixed-property assets.


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