Real estate investment trust (Reit) Heriot on Monday listed in the real estate sectoron the JSE’s AltX.
CEO Steven Herring said the listing creates a platform from which the company can grow its portfolio and shareholder base.
“After 20 years in the property market, I am looking forward to Heriot’s next chapter as a listed entity and to the wave of opportunities the listed space may bring us. We are ready to become a more corporate company but, at the same time, Heriot will always retain its entrepreneurial spirit,” he noted.
He added that the company also anticipates that listing will enable it to attain better funding rates and wider access to the capital market.
“We will continue to focus on Heriot’s key strengths to grow the company and unlock value for our shareholders. In particular, we have identified new sectors within the property market and we expect to grow our presence in these sectors,” he stated.
