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GOOD RETURNS FOR AENGUS PROPERTY.

Business Day (South Africa)

| May 12, 2008 | COPYRIGHT 2008 Johnnic Communications. (Hide copyright information)Copyright

GOOD RETURNS FOR AENGUS PROPERTY AT THE end of a year in which the performance of most asset classes has left investors reeling, owners of properties developed by Aengus Property Holdings and managed by Aengus Property Management are taking home solid and rising rental returns. Richard Rubin, CEO of Aengus Property Holdings, says investors in the suite of inner city apartments managed by the group have bagged net rental returns this year ranging from 10% to 14%.

While Rubin concedes some tenants may be feeling financial strain, overall demand for the rental properties in his portfolio is overwhelming. Aengus …

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