9 November 2017 Collins acquisition more than doubles Tradehold’s size
Tradehold’s acquisition of the KZN-based Collins Group towards the end of its February 2017 financial year has more than doubled its balance sheet. By 31 August 2017 total assets had grown to £994 million – 161.7% higher than the £380 million at the end of the corresponding period in 2016.
6 September 2017 Tradehold’s UK financial services arm gets £40 million debt funding facility for growth
The UK financial services group Reward Finance, 70% owned by Tradehold, has obtained a £40 million (about R680 million) debt funding facility from the UK’s Foresight Group. The money will be used to benefit further from opportunities developing in the UK market.
24 May 2017 Tradehold reports rapid growth in size and profitability
Tradehold’s acquisition of the Collins Group’s almost R8bn South African property portfolio and the strong growth of its UK operations substantially increased the size and profitability of the business in the year to February 2017.
20 February 2017 Tradehold settles acquisition of Collins Group’s R7.8 bn South African portfolio
Listed property company Tradehold (JSE:TDH) has completed its acquisition of the Collins Group, with the purchase of the Collins Group’s South African property portfolio, as well as its property development and management business.