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Aug 06, 2007:
For R10k you can buy shares in the new Rivonia Square shopping mall, with guaranteed returns.
Sharemax, which is known for some of the best shopping centres in the country, is now offering shares in the new Rivonia Square shopping mall.
Rivonia Square is situated on the corner of Rivonia Boulevard and 9th Avenue in Rivonia, Johannesburg, adjacent to Sandton. National tenant representation comprises more than 70% of the premises and includes ABSA Bank, First National Bank, Standard Bank, Planet Fitness, Black Steer, KFC, Primi Platinum, News Cafè, Ocean Basket, Truworths, Pick 'n Pay, Wimpy, Ackermans, Flight Centre, African Bank, London Pie, Cell C, Sheet Street, Contempo and the South African Post Office. Popular hotels are close by and a further 25 line shops complement the tenant mix. On the upper level there is approximately 6 750m² of office space, which is fully let with almost half of this space occupied by an international company with 80 offices worldwide.
Investment into Rivonia Square is from as little as R10,000 in multiples of R1,000 with no upper limit. It is reported that already nearly half of the share value has been sold.
"This offers a wonderful opportunity for smaller investors to get into a solid and stable type of investment," says Mike Spencer of Platinum Global.
There are two types of investment on offer: - Option A offers an initial 9.3% return, guaranteed for the first year, with an expected 4% per annum growth for the next 4 years. - Option B offers an initial guaranteed 7.5% net return for the first year followed by 4 years with a guaranteed 3% pa growth.
Option B is taken up by more cautious individuals who feel that they would prefer the comfort of a certain income, even though they sacrifice somewhat on the amount.
Sharemax has proved to be a sound investment over many years and has successfully brought over 35 buildings to the market in this time.