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.

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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.

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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.

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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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JOHANNESBURG – Commercial property development company Heartwood Properties said yesterday that it had increased its portfolio value by 30percent and its net asset value by 29percent at the end of its first year as a listed company on the 4 Africa Exchange (4AX).

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Heartwood Properties, a 4AX listed commercial development company, has partnered with renowned landscape artist and sculptor, Strijdom van der Merwe, to transform the outdoor space of a popular office block, Willow Wood, in Fourways, Gauteng.

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Tenant shareholder model gives SMEs access to owning their own premises.

It’s the age old dilemma: should you plan to lease or own your business premises? There are advantages and disadvantages to both, with much depending on the life cycle and stage of each individual business. The appeal for many businesses to own their own premises is that it can be an appreciating asset and a sound financial investment in the long term. There’s also the appeal of not having to worry about massive rental increases and having the freedom to decide when to renovate.

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Heartwood Properties and SolarSaver have partnered in a drive to convert Fourways’ Willow Wood Office Park to solar. 

Heartwood Properties CEO, John Whall comments:
“We realise the potential of solar, and the great relief it will bring to our tenants who won’t have to rely on Eskom’s failing system or be at the mercy of its exorbitant pricing structure. Solar is also friendlier to the environment and as property developers we must reconsider the impact we have on nature.”

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