Freedom Property Fund takes to JSE boards
Freedom Property Fund CEO, Tyrone Govender said the market has responded very positively to news of company’s listing on JSE.
Freedom Property Fund marked its foray onto the JSE Stock Exchange on Thursday 6th of June 2014, listing under the “Real Estate – Real Estate Holdings and Development” sector.
The Johannesburg Stock Exchange is seeing healthy debut activity in its property sector.
The listing came shortly after the JSE entry of Visual International Holdings, Safari Investments and Atlantic Leaf Properties.
Freedom's diverse portfolio includes residential, commercial and industrial property assets of R1,56 billion.
It has a focus on residential property development held for lease and serving the low- to mid-band of the market – a market segment that CEO of Freedom Property Fund Tyrone Govender notes is becoming significantly more attractive.
Govender says: “The market has responded very positively to news of Freedom’s listing. Our strong weighting in the high-demand residential property development has attracted attention.”
Freedom has an existing pipeline of R5 billion of residential property development within the fund, and Govender expects these opportunities to grow in the future.
Freedom's assets comprise income-yielding properties and developments across the office, industrial and residential property sectors.
Its yielding properties include Steelpoort Industrial Park in Limpopo, Wespark Palms in the Free State and Stellenbosch Industrial in the Western Cape.
This is complemented by a secured pipeline of five commercial developments, nine residential rental property developments and two residential sale property developments, as well as a long-term development pipeline in decentralised areas throughout South Africa.
Freedom Property Fund’s JSE share code is “FDP”.
