South African businessman Des de Beer to receive $5.2 million from Lighthouse
Des de Beer will receive $5.2 million in interim dividends from Lighthouse after the real estate group declared a $32 million payout.
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Des de Beer will receive $5.2 million in interim dividends from Lighthouse after the real estate group declared a $32 million payout.
PIC raised its Resilient REIT stake by $40.6 million to 20.02 percent, underscoring confidence in Des de Beer’s retail property group.
Des de Beer increased his Lighthouse Properties stake by 1.61 percent, acquiring $13.7 million in shares throughout 2024.
Rand Merchant Bank, a division of FirstRand, assumed the role of debt sponsor, further bolstering confidence in Resilient’s financial endeavors.
Resilient REIT, led by South African tycoon, seals $185.3-million acquisition of Salera Centro Comercial in Spain.
This signifies an internal restructuring within the Des de Beer family’s investment portfolio, leaving his indirect beneficial interest in Lighthouse unchanged.
Des de Beer is the founder of numerous real estate investment companies in South Africa, Mauritius and Europe.
De Beer, a prominent property tycoon and influential business executive, stands among South Africa’s wealthiest individuals.
Under the leadership of de Beer, Resilient has emerged as a key player in the real estate sector.