Globe Trade Centre hurt by declining property portfolio
Globe Trade Centre hurt by declining property portfolio By Sandile Mchunu Share Globe Trade Centre SA (GTC) said today it expects to report a net loss for the three months to end December due to the expected drop in valuation of the properties. The real estate development company came to that conclusion after holding preliminary discussions with the valuation experts that it commissioned to value the real estate portfolio of the group. The group said due to the uncertainty regarding future operating performance as a consequence of Covid-19 and the dampened economic and operating environment i...
Source: iol.co.za