Accelerate Property Fund Seeks JSE Listing In December


News: Newly formed real estate investment trust Accelerate Property Fund plans to list on the Johannesburg Stock Exchange (JSE) on December 12 2013. The offer comprises a private placing by Accelerate through an offer for subscription of up to 480mn shares, subject to a minimum subscription of ZAR2.05bn (US$200.51mn) being achieved. Of this amount, ZAR1.81bn (177.03mn) has already been secured from irrevocable subscription commitments and a further ZAR300mn (US$29.34mn) has been underwritten.

This article is tagged to:
Sector: Real Estate
Geography: South Africa