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Tower Property Fund portfolio value increased 25%

Maiden annual distribution of 74.6 cents.
  • Maiden annual distribution of 74.6 cents exceeds pre-listing forecast
  • Distributable earnings of R96.8 million
  • Portfolio value increased by 25% to R2.06 billion*
  • Portfolio vacancies reduced by 19%**
  • Net asset value increased from R8.75 to R9.07*
  • Loan to value reduced to 37%
  • Fixed debt increased to 72%
  • Succesful greening programme at Cape Quarter
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