Companies
Growthpoint Properties jumps into Europe acquiring stake in Globalworth
Growthpoint Properties, the largest South African listed REIT, has considered Romania following the group's decision to acquire 26.9% stake in Globalworth Real Estate Investment Limited as its first foray into Europe. ... Full story
Shareholders back Redefine-Pivotal acquisition worth R11.8 billion
Redefine Properties (JSE: RDF), the JSE-listed internationally diversified real estate investment trust, has won overwhelming shareholder support in its takeover of property developer and capital growth fund Pivotal (JSE: PIV).
Western Cape based property group, Spear Reit lists on JSE
Western Cape based property investment group, Spear Reit, on Friday listed on the JSE's Alternate Exchange (AltX).
Dipula Income Fund grow its distribution
Dipula Income Fund manages to grow its distribution per share 8% in the year to August, attributing it to organic growth and strong asset management.
Affordable housing developer reports substantial losses
Affordable housing developer, RBA Holdings that went into business rescue in February, fell into an after tax loss of R10m in the six months to end-June, from a profit of R1.8m in the matching period.
Growing portfolio pays off for Rebosis Property Fund
The injection of a substantial property portfolio into Rebosis Property Fund last year is paying off with the fund announcing an 8.2%% increase in its distributions for the year ended August 2016.
Graeme Stephens quits as Sun International CEO
Zimbabwe-born, Graeme Stephens, 53, will be leaving the gaming, hospitality and entertainment group, Sun International, at the end of April 2017.
Atlantic Leaf Properties switches primary listing to JSE
Atlantic Leaf Properties Limited (ALP), a Mauritian-based property company, says from today its company’s primary listing will move to the Main Board of the JSE.
Redefine Properties to capitalize on Student Accommodation
The popularity of the student housing market has grown steadily, attracting JSE-listed funds that have traditionally invested in office, retail, hotel and industrial properties.
Trematon concludes R614m acquisition deal with Redefine
JSE listed Trematon Capital Investments, on Monday advised that it had concluded an agreement with Redefine Properties to acquire seven office, retail, industrial and mixed use assets‚ for R614 million.
The Pivotal Fund reports positive interim results
The Pivotal Fund Limited on Monday reported positive results for the six months to August, with a 17.35% increase in net asset value per share to R23.00, excluding deferred tax (“NAVPS”) year-on-year.
Octodec Investments declares 6.5% distributions growth
Listed REIT, Octodec Investments Limited (JSE:OCT) which has properties situated in Gauteng only, today posted a 6,5% increase in distribution to 201.5 cents per share for the year ended August 2016.
Hyprop buys Skopje City Mall stake in a joint venture
Hyprop Investments (JSE:HYP) announced yesterday that it had acquired a 60% interest in Skopje City Mall Macedonia, purchased from Balfin Finance BV, Amsterdam in deal worth R1,3 billion (€92 million EUR ).
Equites Property Fund boosts returns on the back of industrial assets
A strong performance from its industrial warehouse portfolio and other buildings used by the logistics industry, boosted the interim dividend by 20% to 54.44c at JSE-listed Equites Property Fund.
Calgro M3 lifts revenue in ‘difficult year’
Affordable housing and private memorial parks developer, Calgro M3 Holdings this week said revenue moved up 25.7% to R720m in the interim period to August.
