Alon Kirkel

Gemgrow, Arrowhead shareholders approve R16 billion merger

Shareholders of Gemgrow Properties and Arrowhead Properties have approved the R16 billion merger of the two JSE-listed real estate investment trusts (Reits).

Gemgrow Properties dividend up

Gemgrow Properties, which focuses on high-yield, high-growth properties, delivered 7% growth in its B-share dividend for the year to September, in line with guidance.

Gemgrow goes on an acquisition spree

Showing its intent to grow its asset based, Gemgrow Properties, confirmed that it plans to do deals with large real estate investment trusts (Reits) that are facing structural problems and need to let go of their smaller assets.

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