South African Tycoon Steven Herring-led Heriot Reit, Raises Stake In Jse-listed Texton To 15.4 Million

Heriot REIT, a Gauteng-based property holding and investment giant led by South African real estate tycoon Steven Herring, has through its wholly owned subsidiary Thibault REIT Limited increased its stake in Texton Property Limited, bringing the market value of its shares in the JSE-listed firm above 15 million.The move, disclosed in a regulatory filing on Friday, Feb. 14, 2025 , reflects the strategic focus of Heriot REIT, a Real Estate Investment Trust REIT listed on the JSE, on properties with high investment yields and long-term growth prospects.

The latest increase raises Heriot REITs stake in Texton from 22.12 to 22.77 percent, now valued at R282.35 million 15.36 million. For the distinguished property holding company managing R5.67 billion 309.12 million in total assets, the decision underscores its strategy of backing businesses with solid financial footing and sustainable profitability.

By deepening its investment in Texton, Heriot REIT signals confidence in the companys direction. The move is consistent with its primary objective of exploring strategic growth opportunities and streamlining its asset base by acquiring high-yielding properties in its target markets.

In line with JSE Limited Listings Requirements, the property investment fund, Texton Property Limited confirmed receipt of formal notification of the increased stake. The necessary disclosures have been filed with the Takeover Regulation Panel.

The latest increase in ownership follows Heriots previous acquisitions, where its stake in Texton rose from 22.12 percent as of Dec. 23, 2024 to 22.77 percent as of Feb. 12, 2025. The company cited an administrative delay in submitting the formal notification.