Schroder Real Estate Investment Trust (SREIT) is the latest London-listed property company to consider taking a secondary listing of its shares on the main board of the Johannesburg Stock Exchange (JSE).
In a statement, SREIT said it was exploring the possibility of a secondary listing in South Africa 'because the company is aware of potential demand for its shares from South African -based investors.'
A listing, SREIT added, 'might improve the depth and spread of the company’s shareholder base, hereby improving the liquidity and tradability of its shares.'
SREIT reported £462 mln (now €548 mln) in property assets and joint ventures for the 12 months to end-March 2016. The company invests in office, retail and logistics assets.
Back in December 2015, Schroders raised about €148 mln in an initial placing in London and Johannesburg for a new European real estate investment trust (Schroder European REIT).
At the start of this month London REIT Hammerson also began trading via a secondary listing on JSE.
For more on European property companies listing in Johannesburg, see Editor's Choice: Trek to South Africa and UK and Polish listed property companies go on the hunt for South African capital
