4AX secures first issuer listing in the property sector


4 Africa Exchange has secured Heartwood Properties, its first issuer in the property sector.

4 Africa Exchange (4AX) this week introduced its first issuer operating in the property sector: Heartwood Properties Limited (Heartwood Properties), a property development company with a portfolio of commercial real estate assets focused primarily in the warehousing and office sectors. The shares listed on 4AX comprise 100,000,005 (one hundred million and five) ordinary no par value shares at a listing price of R0.59 per share.

John Whall, CEO of Heartwood Properties, says the company is optimistic about the opportunities and potential that its 4AX listing offers. He says:

“The listing of Heartwood Properties on 4AX will assist in bringing into fruition our goals, which includes raising capital for deployment in our developments; organically growing the company through new acquisitions, and continuing to enhance our existing real estate portfolio. At the same time, the listing of Heartwood Properties also provides potential investors, and our tenants, a unique opportunity to invest in a dynamic listed property equity.”

4AX CEO, Fay Mukaddam, says that strained economic growth experienced in South Africa in recent years has placed key development sectors and businesses operating in the country under immense pressure to be able to grow in tougher economic times. Although markets, investors, business leaders and society are cautiously optimistic of the vision and promise of the new leadership for the country, she says, there is a renewed buoyancy that can be seen in the markets.

Mukaddam says:

“Business and investor confidence is on the rise and there is definite budding new energy and excitement across all sectors in the country. With this, we are confident that the property investment appetite will grow. And today, we celebrate Heartwood Properties’ commitment to grow its investments, footprint and wealth opportunities across South Africa.”

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