Despite Brexit period, Atlantic Leaf Properties grows UK portfolio by 51%

Atlantic Leaf Properties has managed to grow its portfolio in the UK by a 51 per cent for the year to end February, despite the threat posed by Brexit during the period.

The share price closed unchanged at R16.85 on the JSE on Tuesday.

“The market in which the company operates has been strong and to date largely unaffected by the uncertainty caused by Brexit,” the group said yesterday.

Going forward, the company remains confident that there are good acquisition opportunities and it will continue to seek out transactions that meet the company’s overall objectives. Atlantic Leaf’s aim is to establish itself as a property investment company with a focus on the UK industrial market providing attractive and growing distributions to its shareholders.

The company’s portfolio consists of several quality assets, which have long-term, single-tenant leases with multinational or national occupiers in key regional nodes in the UK.

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