Burstone launches South Africa funds platform with Nedbank Property Partners, seeded with R5.4 billion assets

• Burstone launched a South African funds management platform with Nedbank Property Partners, seeded with 14 retail and industrial assets.
• Nedbank Property Partners will buy a 50% stake for about R 677 million, valuing the platform at R 5.155 billion.
• The assets had a book value of R 5.429 billion at March 31, 2026, implying a 5% discount and an 8.4% yield.
• Burstone keeps 50% ownership, retains fund and asset management mandates, targets recurring fees, and expects the deal to lift earnings.
• The transaction is expected to cut reported LTV to 17.5%-19.5% from 39.6%, with an effective date no later than Dec. 1, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Burstone Group Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S603832), on September 25, 2026, and is solely responsible for the information contained therein.