Balwin explores further annuity income opportunities
Balwin Properties, the listed home builder, has engaged with strategic partners to explore the unlocking of annuity opportunities, including renewable solar energy and fibre infrastructure within the company’s estates.
The company in May this year reported that it had launched an initiative to secure annuity income, with this plan including the establishment of a residential rental real estate investment trust that it would list on the JSE.
Steve Brookes, the chief executive of Balwin, said yesterday they were developing a rent-to-buy product, where it would secure lease agreements for these apartments before selling them to a strategic partner.
Read the full story on: IOL.
Comments