Indluplace posts higher income, sees ample opportunity for growth

JSE-listed residential real estate investment trust (Reit) Indluplace on Wednesday posted an increase in its distributable income for the half-year ended March 31, to R117-million, up from the prior year’s R110-million. The acquisition of Garden Views, a 64-unit complex in Randburg, in Gauteng, for R25-million in December, 2016 has contributed to this growth.  The company will continue to roll out its acquisition strategy in the second half of the year.