Johannesburg - 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.