The net asset value per unit increased by 9.2% from R16.24 to R17.74 per unit.
it said the intrinsic value return of 13.8% a year since inception compared with inflation of 6.2%.
Looking ahead‚ the fund said it would continue to increase the income-earning potential of the existing properties in the direct property portfolio and increase its focus on evaluating acquisitions and developments that met the required quality criteria.
It said global investments would provide diversification benefits to investors and would remain a characteristic of the fund.
Source: BDPro via I-Net Bridge
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