Delta Property Fund

Delta earnings slip as group seeks to reduce its reliance on SA

Government focused landlord, Delta Property Fund is looking to reduce its exposure within South Africa by diversifying property investments into other countries in southern Africa.

Redefine Properties responds to Transformation calls

Redefine Properties, SA's second-largest real estate investment trust, has sold its 22.8% stake in Delta Properties to a women-led empowerment consortium in a R1.45bn vendor-funded transaction.

Delta Property Fund to reduce its debt

Black-managed Delta Property Fund has raised R658m through disposal of non-core assets to be used for debt reduction, said CEO Sandile Nomvete.

Smaller property funds takeover frenzy

THERE could be consolidation at the lower end of the listed property sector according to market commentators.

SA’s listed property market Comes of Age

South Africa’s listed property sector made strides in becoming an accepted and even popular asset class in 2014, SA Commercial Prop News has learned.

Delta Property Fund distribution surges on tight management

Black-managed Delta Property Fund was upbeat about its interim results for the six months ended August 2014 and declared 23.1% increase in distribution to 40.01 cents per linked unit.

Black-Owned property group looks for new home on the JSE

SOUTH AFRICA's black-controlled Delta Property Fund plans to establish a new sub-Saharan Africa Real Estate Fund on the JSE in June, as it expects high dividend-paying strategies to become more appealing to investors.

Delta set to acquire two office buildings in a R488m deal

JSE-listed black-controlled Delta Property Fund will spend nearly half a billion rand for two office buildings in Durban: the Old Mutual Centre and The Marine from Old Mutual Life Assurance Company.

Listed Property Sector a hive of activity as Companies bid for more

Another sign that the JSE listed property sector is undergoing a significant level of consolidation, South Africa’s biggest real-estate giant, Growthpoint Properties, has made an offer for stakes in Acucap Properties and Sycom Property Fund in a R4.66bn deal.

Delta Property Fund to acquire Tembisa Mega Mart for R240m

Delta Property Fund had concluded an agreement to acquire Tembisa MegaMart, which is under construction, from Realty Dynamix 107 for R240 million in cash.

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