Tower Property Fund set to boost Croatian investments

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.

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