We are selling a 10% equity stake in a holding company with a property portfolio with a value of +/- R1 billion. The property portfolio contained in this company consists of com-mercial property , residential property , property that is being developed , etc.
The holding company currently owns 9 subsidiaries.
5 subsidiaries in commercial development.
2 subsidiaries in residential development
1 wholly-owned business (restaurant industry)
1 company in the renewable energy sector (controlling share)
This business has been active in the market for the past 31 years, providing property developments around South Africa . They have build up their own property portfolio of +/-R1 billion. One of the shareholders is now ready to retire and would like to sell his 10% share in this company. The price for the shares is below the asset value and this gives a buyer an opportunity to own a share in a large property portfolio and a successful property development business. The additional upside exists where some of the development land could be sold in the near future , giving the investor a large and quick return on investment.
BUSINESS HISTORY & FUTURE GROWTH:
ASSETS AND STOCK:
GENERAL COMPANY INFO: