Safari Investments

Fairvest abandons its merger offer for Safari while Comprop ups its stakes

Fairvest Property Holdings today said it has abandoned its friendly merger with shopping mall owner Safari Investments (JSE: SAR), while Cape Town-based Comprop ups the stakes.

SA Corporate bidding war looms as Dipula cuts in on R9bn takeover

Dipula Income Fund (JSE: DIA), one of SA’s black-owned property group, has unveiled a takeover bid for SA Corporate Real Estate (JSE: SAC), saying it intended to acquire all the linked units in the company.

Comprop launches R1.8bn takeover bid for Safari Investments

Unlisted property group, Community Property (Comprop) has launched a R1.8-billion buy-out abid to acquire the entire issued share capital of JSE-listed mall owner Safari Investments (JSE: SAR).

Safari raises funds in share sale in bid to cut debt

Safari Investments has privately placed 119,552,633 shares at R7.60 each through a combination of a specific and general issue raising R908,600,0011 in new equity, as it looks to reduce its overall debt level and to double in size in the next three years.

Property pinch ‘to push consolidation’

Executives in the property sector have had a wild ride over the past year as South Africa’s economic woes continue to hit hard.

Safari Investments reports a 12% rise in HEPS

Safari Investments (SAR), which listed on the JSE in April this year, on Wednesday reported a 12% rise in headline earnings per share to 28c for the six months ended September 2014.

Equites Property Fund times its listing on JSE well

Western Cape-based property developer, Equites Property Fund listed on the local bourse on Wednesday, after completing the private placement of 65 million shares, raising about R650 million pool of capital investment.

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.

Safari Investments debuts on the JSE

Safari Investments RSA Limited (SAR), a township property developer, today listed on the main board of the JSE, under the Real Estate Holdings and Development sector.

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