- Balwin Properties stock jumps 11.82 in two weeks, boosting Stephen Brookes stake by 2.46 million to over 23 million.
- Balwin's market cap surpasses 60 million as demand grows for affordable, eco-efficient apartments in South Africa.
- Year-to-date, Balwin shares up 13.36 on the JSE a 100,000 investment now worth 113,360.
South African real estate tycoon, Stephen Brookes, has seen his wealth rise by more than 2 million, thanks to a strong rally in the share price of Balwin Properties.
Brookes, the founder of Balwin Properties, holds 171,751,457 shares, or a 33.07-percent stake in the innovative property development. Over the past two weeks, his stake has increased by R44.66 million 2.46 million.
This follows earlier gains of 2.53 million between Oct. 3 and Nov. 1 , when his holdings rose from R357.24 million 20.21 million to R401.89 million 22.73 million.
Balwin stock climbs, Brookes stake now worth over 23 millionBalwin Properties, founded in 1996, known for its large-scale estates catering to South Africas low-to-middle-income population, prides itself on providing affordable and environmentally efficient apartments with innovative lifestyle offerings for residents.
Over the past 14 days, the companys stock price has risen 11.82 percent, from R2.2 0.12 on Nov. 6 to R2.46 0.13. This boost has lifted the Balwins market cap to over 60 million, delivering strong gains to shareholders, including Stephen Brookes.
