Burstone launches South Africa funds platform with Nedbank Property Partners, seeded with R5.4 billion assets
Bitget2026/09/25 14:00- Burstone launched a South African funds management platform with Nedbank Property Partners, seeded with 14 retail and industrial assets.
- Nedbank Property Partners will buy a 50% stake for about R 677 million, valuing the platform at R 5.155 billion.
- The assets had a book value of R 5.429 billion at March 31, 2026, implying a 5% discount and an 8.4% yield.
- Burstone keeps 50% ownership, retains fund and asset management mandates, targets recurring fees, and expects the deal to lift earnings.
- The transaction is expected to cut reported LTV to 17.5%-19.5% from 39.6%, with an effective date no later than Dec. 1, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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