Former Emira CEO Geoff Jennett takes seat on Heartwood Properties board

Heartwood Properties is entering a new phase of growth and market visibility, announcing both a senior board appointment and a forthcoming secondary listing on A2X Markets.

Heartwood Properties is entering a new phase of growth and market visibility, announcing both a senior board appointment and a forthcoming secondary listing on A2X Markets.

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Heartwood Properties, a commercial property development and investment company listed on the Cape Town Stock Exchange (CTSE), has reported a solid operational and financial performance for the year ended 28th February 2025.

CEO Marc Ashton speaks to John Whall, the CEO of Heartwood Properties.
Watch the interview here:
https://www.youtube.com/watch?v=J5sTdwgg5MI

Our CEO John Whall was interviewed by Decusatio Investor Communication’s CEO Marc Ashton, as part of their series “Meet The Management”.

Heartwood Properties, a leading property development company who are listed on the Cape Town Stock Exchange and specialise in commercial and warehouse buildings, today announced its audited financial results for the year ending February 2022 and declares its first dividend of R2 million payout to shareholders.

South Africa’s listed property sector is said to be showing signs of making a comeback. Despite having faced major challenges in 2020, 4AX (4 Africa Exchange) listed Heartwood Properties Limited recorded a net asset growth per share of 25% for the year ending February 2021. Since first listing on the stock exchange in March 2018, it is grown its net assets by a total of 93%.
With commercial property under the most pressure in this sector these figures are a welcoming relief for Heartwood Properties. “We’ve had to endure a lot this past year. We offered rental relief of R2.5m in the form of rental reductions but are now back on track with tenants all paying rent as per their lease agreements. Vacancies are at 3% of our lettable area. The fact that we know all our tenants well and have a hands-on approach to the management of our portfolio has assisted us immensely in navigating the past year.” Said John Whall, CEO of Heartwood Properties.

Heartwood Properties has become the first Cape Town Stock Exchange (previously called the 4 Africa Exchange) listed real estate company to invest outside SA, with a deal to build offices in Glasgow, Scotland.

Julian Scher, Chairman of Heartwood Properties and property lawyer at Strauss Scher Attorneys, was interviewed by Bruce Whitfield on The Money Show. To listen to this informative interview, follow this link: https://omny.fm/shows/the-money-show/rental-patment-problems-caused-by-covid-19 #covid19 #rentalproperty #propertylaw #TheMoneyShow

Peter Gent, ex-RMB Chief Operating Officer, has been appointed as an independent, non-executive director to the board of directors of commercial property development company, Heartwood Properties, who are listed on the 4AX (4 Africa Exchange).
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