DUBLIN and CAPE TOWN, 8 December 2020: Reitway Global (Pty) Ltd (Reitway Global), a specialist global listed real estate investment manager and advisor has selected Prescient Fund Services (Ireland) Limited as the fund administrator to its Maltese fund range consisting of the Reitway Global Property Fund (MLT) SICAV p.l.c. and the Reitway Enhanced Global Property Fund (MLT) SICAV p.l.c.
The Reitway Global Property Fund invests in global real estate and property-related securities and seeks to generate high current income. However, investors may also benefit from the capital appreciation that comes with real estate assets. The Reitway Enhanced Global Property Fund provides geared exposure to a master portfolio of real estate investment trusts (REITs) and REIT-like equities. Both funds are regulated by the Malta Financial Services Authority as Professional Investor Funds.
“Expanding Reitway Global’s presence internationally is our priority and the new partnership with Prescient is another significant milestone in this process. The results of an extensive due diligence exercise on Prescient gives me confidence that both ourselves and our clients are in the hands of a professional, experienced reputable organisation. We look forward to a mutually beneficial and expanding partnership with Prescient,” said Greg Rawlins, CEO of Reitway Global.
“We are proud to have been selected by the Reitway Global team as they embark on the next phase of growth. We are also excited to be able to expand our service capabilities to include fund administration for Maltese regulated funds and we expect this client segment to grow,” said Rob Childs, Head of International at Prescient Fund Services.
About Reitway Global
Reitway Global is a company registered under the laws of South Africa, with registration number 2011/125542/07, and with registered/head office at The Pavilion Unit 6, Central Park, 4 Esplanade Street, Century City, Cape Town, South Africa. Reitway Global is a licensed as Financial Services Provider in terms of section 8 of the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002) by the Financial Services Board of South Africa under licence number FSP43747.
Prescient Fund Services (Ireland) Limited is a limited liability company incorporated under the laws of Ireland having its registered office at 49 Upper Mount Street, Dublin 2, Ireland and is authorised by the Central Bank of Ireland as a UCITS management company pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. 352 of 2011) as amended and as an AIFM pursuant to the European Union (Alternative Investment Fund Managers) Regulations 2013 (as amended). As of December 31, 2019, Prescient Fund Services had assets under administration or management of over US$30 billion globally, of which Prescient Fund Services (Ireland) Limited had over US$2.8 billion. Prescient Fund Services has over 120 employees globally.
Press release distributed by PressHalo on behalf of Prescient, on 8th December, 2020.