Newly listed on the AltX, Pembury Lifestyle Group’s (PLG) growth momentum gains further traction with the addition of the well-known Pembury Bryanston retirement lodge into their property portfolio. Shareholders have been advised that negotiations regarding the potential acquisition of additional retirement assets are on-going.
PLG has grown aggressively since the listing on the 31st March 2017. A recently concluded deal with the Black Manager’s Forum Investment company (BMFI) has primed the group for even more expansion. BMFI have taken significant c 15% stake and capitalised it with a further R55 million rand.
“We have delivered on our promise of opening three new school campuses this year in addition to another two campuses and six retirement lodges,” said CEO Andrew McLachlan, “and we’re excited by our explorations into retirement opportunities in KZN and the Cape Province which may bear fruit early next year.”
PLG group uniquely offers investors exposure to the education, retirement and property sectors.