MAS Real Estate moves to JSE main board on Thursday

The listing of MAS Real Estate (MAS) will be moved on December 18 from the AltX to the property section of the JSE’s main board following the substantial expansion of its operations in 2014‚ the company said in a statement on Wednesday.

MAS CEO Lukas Nakos said the main board listing would increase the company’s visibility and should improve the liquidity of the traded shares.

MAS reports its results in euro and also pays dividends in euro. MAS was established in 2009 as an initiative of certain large South African property investors keen to diversify their holdings into overseas markets. Its main shareholder is JSE listed Attacq‚ while the Mertech group and Sanlam maintain substantial holdings‚ the company said.

By the end of the year MAS‚ also listed on the Euro MTF Market of the Luxembourg Stock Exchange‚ will have trebled the size of its portfolio of commercial and industrial properties in the UK‚ Switzerland and Germany from the equivalent of R900m to just under R3bn‚ Mr Nakos said.

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