02 August 2018
|Financial year end||June|
|Results announcement||6 March 2018|
|Payment date||3 April 2018|
Texton Property Fund Limited (TEX) is a property investment fund formed to invest directly in income producing properties that offer potential for capital appreciation.
The Fund was formed in 2006 and listed on the JSE in August 2011.
The overall objective of the Fund is to grow its asset base, by investing in well priced, income and quality enhancing investment properties, to optimise returns over time for shareholders – in short, to become ‘the investment of choice’.
The strategic focus is diversification in order to maximise the growth in value for stakeholders. Diversification serves to limit risk and enhance the consistency of returns, ensuring that investors are best able to meet their investment performance objectives.
The property portfolio is now made up of 54 properties with a total GLA of 407 803 m², valued at circa R5.508 billion.