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Sycom Property Fund (the Fund) is a closed end property unit trust (PUT) established in 1986. It is governed by the Collective Investment Schemes Control Act, 2002 and is listed on the JSE Securities Exchange South Africa (JSE). The Fund's earnings are distributed in full, free of tax and unit holders consequently pay tax according to their individual tax status. The fund consists of investments in 14 properties with relatively equal weighting in both the retail and commercial office sectors. The retail exposure comprises investments in regional shopping centres, while the office component consists of large, well located, A-grade office buildings with predominantly large corporate tenants. |
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The Woodlands
Construction has commenced on 9500m² office developments at The Woodlands Office Park. The development comprises two office buildings of 6200m² and 3300m² respectively on a double basement. E & PC has been secured as a tenant for the 6200m² building with a 10 year lease. The completion date of the project is March 2008.
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