Tower Property Fund is planning to bulk up its investments in Croatia as it hedges against weak economic conditions in SA, CEO Marc Edwards said on Tuesday.
“We are a bit weary about conditions in SA so it is helpful to have exposure to an offshore market,” he said.
Tower owns five Croatian properties, which represent 28% of its total assets by value.
The Croatian assets were ring-fenced through the establishment of TPF International during the reporting period. The new unit is based in Mauritius.