property in rosebank

[sixpack]

heard on the radio that property in Rosebank was hot..and that Madison properties?? will be investing heavily in that area..the Don group owns a hotel or two there..hopefully their share price will feel the heat and rise to NAV..

[SIMBA]

There are many low rise appartment blocks between Jan smuts ave and the Ben Schoeman freeway.Most of them are inexcess of 40 years old and are a maintenance nightmare, dont buy unless you get a propery for nothing. The Donn propertys are in the same condition and are not a saleable asset except for their land. I have been punting Donn for years in the hope that one of the big hotel chains would purchase them for their property portfolio.