Greenbay Properties Limited. JSE: GRP

Background of Greenbay
Greenbay Properties is a global real estate investment company with primary interests in the retail sector and a primary objective of investing opportunistically in undervalued real estate assets.
Operating mainly in the United Kingdom and Europe, the company also identifies opportunities in the commercial, industrial, logistics, warehousing and office sectors. Greenbay shares hold a primary listing on the Stock Exchange of Mauritius, and a secondary listing on the AltX of the Johannesburg Stock Exchange (JSE) in South Africa.
The company was established as a Category One Global Business License Company in Mauritius to take advantage of the business-friendly environment and provide access to a global investor base of managed funds, high net worth individuals and other sources of capital.
The company seeks to buy properties that attract high quality tenants with a strong likelihood of renewing leases on expiry. Investments may be held through subsidiaries incorporated in appropriate jurisdictions, in order to maximise tax efficiencies and boost the returns forecast by the company. The live online stocks chart shows that Greenbay Properties share price has started to grow on the JSE.
Greenbay Shares Growth Driver
Greenbay has been formed with the belief that there is a significant market for dual-listed property companies, in order to offer investors the chance to buy in to international property assets. Greenbay made its first acquisition in 2016, with the purchase of the Planet Tus Shopping Centre in Slovenia at a price of €56 million.
The company is in the process of raising capital, and successfully raised around £680 000 through placing shares up for sale on the JSE in 2015. Over 3 billion shares are currently available for trade on the Maritius stock exchange and the JSE. The company intends using the proceeds for investments in global listed real estate and infrastructure securities, as well as for the possible acquisition of real estate in Central Europe.
The directors have said that the company has identified and is pursuing a number of investment opportunities, although it has not made clear what these actually are. The company reported a profit of EUR43 879 for the year ended 30 September 2015, which included EUR140 000 rental income.
Greenbay Group Investor Tip
Greenbay Properties share price surged on the JSE after the company announced the acquisition of the Planet Tus Shopping Centre – its first asset. The mall has more than 31 000 m2 of Gross Lettable Area and the highest footfall in the region, making it a potentially profitable acquisition.
Greenbay is run by an investment team with considerable experience in the property sector, which bodes well for investors. The strategy is to be a highly opportunistic fund, which makes Greenbay Properties shares a high risk and reward purchase. The company does however give investors a new rand hedge opportunity, and could attract those looking for a potentially high-yielding investment. Greenbay Properties is an up-and-comer which many investors will view as an attractive, low-cost buy with the potential for an exploding Greenbay Properties share price.
Greenbay Major Shareholders
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How to buy Greenbay Group Shares
Greenbay : How to buy Greenbay Group Shares Online
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