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Home » WestProp to spin off Pomona City land bank
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WestProp to spin off Pomona City land bank

written by Almot Maqolo, Staff Writer 0 comments
WESTPROP Holdings plans to separate its Pomona City land bank into a new entity, Alpha Holdings Africa, as the property de­veloper seeks to sharpen capital allocation and strengthen its dividend-paying capacity.
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WESTPROP Holdings plans to separate its Pomona City land bank into a new entity, Alpha Holdings Africa, as the property de­veloper seeks to sharpen capital allocation and strengthen its dividend-paying capacity. The proposed Scheme of Reconstruc­tion will leave WestProp with income-gen­erating assets, while the land bank will be housed in the new company. The group…

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