Tigere banks on scrip funding

Major real estate funds are active­ly targeting top-tier retail brands such as Electrosales and TM Pick n Pay as stable, long-term blue-chip anchor tenants for commercial hardware and retail properties.

TIGERE Real Estate Investment Trust (REIT) is betting on its scrip dividend option for unit holders to accelerate its expansion drive targeting a US$100 million net asset value by year-end. The offer gives unitholders the option of receiving their quarterly dividend in cash, additional REIT units or a combination of both after the fund declared…

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