Real estate listings set to rise
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As from Friday this week, the shares of Pinnacle Point Group, a real estate, leisure and lifestyle company from South Africa, will be listed on the Nigerian Stock Exchange.
Speaking during a courtesy call by the management of the company to the NSE on Tuesday, the Director-General, Prof Ndi Okereke-Onyuike, disclosed that the company would appear before the quotation committee of the NSE on Today in preparation for the listing on Friday.
She expressed optimism that the listing of the company would bring the required succour to the capital market, saying the company intended to float a project in collaboration with the Lagos State Government.
She noted that the project was targeted at high networth investors and would assist in addressing the issue of capital flight in the economy.
According to the DG, the project, which will be completed in five years, will boost activities in the tourism and hospitality sub-sector, attracting the much-needed foreign investment into the country.
The Chairman of the company, Mr. Lazarus Zim, said the listing was in readiness for the inauguration of its exclusive beach in Lagos.
“In its first phase alone, the resort will feature 300 luxurious
