International News
Sun International gets approval for Dreams merger
Sun International receives approval from the relevant gambling regulators in Latin America for the merger of its Latin American portfolio with Chile-based Dreams. ... Full story
US ex-CEO jailed 15 years in UAE for 'fraud'
A Dubai court has sentenced an American-Lebanese businessman to 15 years in prison over fraud and misuse of power in a property deal, local media reported Monday.
Investec Australia Property Fund posts healthy results
Investec Australia Property Fund (IAPF) on Thursday increased its distributable income to unit holders, underpinned by returns derived in hard currency.
New Europe Property seals deal for Czech mall
New Europe Property Investments finalises its buyout of the Forum Ústí nad Labem shopping center in the Czech Republic for EUR83m, from existing cash resources.
Office Sector to Deliver Strong Performance in 2016
Investors should keep the office sector on their radars
Redefine, Tower and Hyprop boost offshore arms
Given the poor performance of the rand and inflation, It has become a growing trend that South African listed property companies are broadening their offshore footprint, particularly in Eastern European countries.
International Hotel Group, Capital & Regional two tickets to UK
Investors looking for exposure to UK real estate have two more options to choose from after the listing of Redefine International spin-off International Hotel Group and mall owner Capital & Regional.
Europe beckons as Texton moves beyond office niche
Texton Property Fund plans to dramatically increase its offshore property exposure as it diversifies away from being a pure office play.
Investec fund slowed by weakness of Australian dollar
Investec Australia Property Fund experiences a rocky time while offshore-invested property funds such as Rockcastle Global Real Estate and New Europe Property Investments perform well over the past year.
Discovery CEO Adrian Gore spends R103m on a New York pad
Adrian Gore, founder and chief executive of South Africa’s largest private medical aid scheme, snapped up a new condominium at Macklowe Properties’ 737 Park Avenue for R103 million ($11.45m).
Global shopping center development rises to 39 million square meters
A total of 39 million square meters of shopping center space is currently under construction across the world’s major cities, representing a three million m² increase from 2013.
Investment Corporation of Dubai buys stake in hotel operator Kerzner
The Investment Corporation of Dubai (ICD), a Dubai government conglomerate behind some of the emirate's industrial powerhouses says it has bought a "significant" stake in the Kerzner International Holdings, a hotel operator that runs the Atlantis hotel on the city's main palm-shaped island.
Investec Australia Property Fund acquires office building in Brisbane
Investec Australia Property Fund (IAPF) on Thursday said it had acquired an A-grade commercial office building in the Garden City Office Park, 15km south of Brisbane’s CBD for AUD $20.95 million (R201.5 million).
New Europe Property retains distribution growth up 15%
New Europe Property Investments (NEP) declared a distribution of 26.79 euro cents per share in 2013‚ an improvement of 15% over 2012’s 23.29 euro cents per share.
Capco gets green light for Covent Garden estate development
Capital & Counties Properties (Capco) which is listed in London and on the JSE, said yesterday it was granted approval on Tuesday to build 45 more apartments in the Covent Garden estate, as well as shops and restaurants.
