Mergers and Acquisitions

Consolidation to sweep SA's listed Property Sector

With little room left for growth and the desire to attain size, liquidity and attract institutional investors, South African Real Estate Investment Trusts (REITs) are looking increasingly to merge with others that have similar portfolios.

Redefine Properties gets nod for Fountainhead acquisition

Redefine’s planned takeover of Fountainhead Property Trust advanced another major step on Friday when Fountainhead approved the deal to go through and sell its entire property portfolio.

Redefine, Annuity given Merger Green Light

Redefine Properties' purchase of R2.1 billion takeover of Annuity Properties, has been approved by the Competition Commission and unitholders today.

Arrowhead Properties buys stake in Dipula

In a further sign that the JSE listed property sector is undergoing a significant level of consolidation, Arrowhead Properties has taken out 34,5 million Dipula Income Fund B linked units from Investec Asset Management in a deal confirmed on Wednesday.

Redefine offers shares to acquire Annuity Properties

Redefine Properties (RDF) said on Friday that it had offered to acquire the entire issue capital of Annuity Properties (ANP) by way of a scheme of arrangement, and Annuity’s asset and property management companies.

Vukile acquires stake in Synergy from Liberty Group Limited

Vukile Property Fund Limited, today announced that it has acquired a 34% stake in Synergy Income Fund Limited from Liberty Group, boosting Vukile’s investment exposure to retail property and the Western Cape region.

Redefine Properties ups stake in Fountainhead Property Trust

SA's second-largest property fund listed on the JSE, Redefine Properties increased its stake ownership in Fountainhead Property Trust from 49.6% to 61.9% in return for Hyprop units, the company said on Monday.

Redefine-Fountainhead deal completion faces delay

Plans by South Africa's second largest property fund, Redefine Properties to put Fountainhead Property Trust's R11,1 billion portfolio under its control faces some delay in its endeavours.

Redefine to increase Fountainhead stake by offering Hyprop shares

South Africa’s second-biggest property company, Redefine Properties today announced plans to acquire an additional 250 million participatory units in Fountainhead Property Trust.

Sycom and Acucap may negotiate merger after approval

Sycom Property Fund may seek improved terms for its partnership with Acucap Properties, after Hyprop pulls out from Sycom entirely, and the merger would be subject to unit-holder’s approval.

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