Visual's Listing Unlocks Investor Access To Listed Residential Property

Bringing its unique investment proposition to more South Africans, Visual International Holdings successfully listed on the JSE AltX today.

Visual is a property development, holdings and services company that develops complete, self-contained suburbs for the middle-income market. Visual’s mainly residential property investment is focused in the fastest growing property segment in South Africa.

Charles Robertson, CEO of Visual International Holdings comments: “Our JSE AltX listing is a major milestone for Visual. We are extremely proud to have achieved this objective and extend our sincere appreciation to the many people who have encouraged, advised and supported us along this incredible journey.”

Visual listed on the JSE AltX with a market capitalisation of R126,5 million and a net asset value of R70,7 million. It is focused on long-term value creation and its long-term EPS growth forecast is 19.00% per year.

Robertson explains that Visual’s listing places it in an excellent position to deliver stakeholder value now and in the future.

“We are beginning to see a growing awareness of the benefits of listed residential property among the investment fraternity,” says Robertson. “Residential property as a subsector of the publicly traded property asset class has not been well recognised in South Africa, and certainly nowhere near the levels it receives in the US and Europe. But, we believe this is starting to change and Visual is at the forefront of this shift.”

Having listed successfully, Robertson stresses that Visual is completely focused on taking its business and its developments forward. It will also continue its successful model of developing mixed-use suburbs and building quality housing for the middle market on suitable land near jobs and infrastructure in strategic high-growth nodes.

“The middle-income market is an essential driver for the future of South Africa and encompasses huge potential,” says Robertson. “Its demand for housing far outstrips the supply. Our focus will remain strongly with this market.”

He adds: “Property is a long-term business and because Visual has a long-term vision we pride ourselves on delivering quality properties that also offer good living and pleasant shopping, working and recreation. Our properties are developed around people and community.”

Visual owns more than 70,000sqm of developable bulk at its award-winning flagship Stellendale Village development in the Northern Suburbs of Cape Town. Stellendale is a 22 hectare mixed-use residential suburb just off the Stellenbosch Arterial in Kuils River, Cape Town.

Stellendale will ultimately provide some 1,500 homes to middle-income households when completed. Visual has already developed 440 homes here, with a further 63 under construction. It plans to unlock further phases of development here, including 1,000 residential opportunities, which will also feature an integrated retirement estate.

While creating quality housing that meets a substantial market demand, Visual will continue to strive to provide its stakeholders with a positive and sustainable investment experience.

 Robertson adds: “By unlocking Visual’s pipeline of development with our JSE AltX listing we are in a strong position to create long-term value for shareholders and all our stakeholders.”