Poland-based real estate group Globe Trade Centre (GTC), which develops and manages properties in eastern Europe, has decided to pay regular dividends, thanks to a better than expected performance since listing in August 2016.
South African investors have wanted the group to pay dividends; having been concerned it held too much risk as a pure net asset value (NAV) play.
The company has seen strong NAV and net profit growth in its portfolio in recent months. It listed with the intention of attracting South African investors who wanted to invest in a currency hedge stock.
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