BURSTONE GROUP LTD

BURSTONE GROUP LTD Organogram

Burstone Group Ltd is a real estate investment trust that comprises a direct property portfolio of 72 properties in South Africa as of 31 March 2024. The portfolio had a total gross lettable area of 971,331 square metres valued at R14.2bn.\r\n\r\nIn addition, the fund has the following investments: \r\n• Izandla (35%) valued at R0.3bn\r\n• Pan-European Logistics (83.15%) valued at R8.0bn consisting of 32 properties in 7 jurisdictions.\r\n\r\nThe company\'s asset management and property administration activities are undertaken by Investec Property (Pty) Ltd, in terms of an asset management and property management agreement. Investec Property (Pty) Ltd has in turn outsourced all the property management and property administration business to property management companies.