Companies
Redefine executive director apologizes to JSE
Redefine Properties’ executive director Mike Ruttell apologized to the Johannesburg Stock Exchange (JSE) after publicly censured on Thursday. ... Full story
Calgro M3 builds a broad foundation in tough conditions
Calgro M3, a residential property and memorial parks developer, has weathered a subdued operating environment in the construction industry to report significant growth.
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.
RMB Holdings grabs stake in Mall of Africa developer‚ Atterbury
RMB Holdings Limited (RMH) diversifies its banking interests to the commercial property market by acquiring a 25.01% stake in Mall of Africa developer Atterbury.
Redefine Properties posts 6.9% distribution growth
Redefine Properties (JSE: RDF) has reported a 6.9% increase to 41.7 cents a share in the distribution for the six months to end February 2016.
Octodec’s interim distribution increases by 1.7%
Octodec Investments (JSE:OCT) which owns a portfolio predominantly in Pretoria and Joburg’s inner cities, today reported a dividend of 98,4 cents per share — an increase of 1,7% on that paid in the comparative six-month period.
Hospitality offers Tsogo Reit benefit
Gaming and leisure group Tsogo Sun is set to gain the income benefits of having a portion of its hotel assets in a real estate investment trust structure when it gains control of Hospitality Property Fund.
Accelerate moves into Austria and Slovakia
Accelerate Property Fund joins a host of SA funds investing in central and eastern Europe, announcing a R2.3bn property deal that includes retail assets in Austria and Slovakia.
Hospitality green light mooted over Tsogo share deal
Hospitality Property Fund’s shareholders are likely tomorrow to vote in favour of a new capital structure and a share deal that will see it become the hotel arm of gaming and leisure group Tsogo Sun.
Fairvest still coining it in lower LSM nodes
Recent results from listed property group Fairvest Property Holdings, confirms that focusing on retail assets in lower LSM nodes can yield a great deal of results.
Hyprop Investments interim income grows 13.4%
Hyprop Investments (HYP) which recently bought two shopping malls in Serbia and Montenegro, today reported a dividend of 297,8 cents per share — an 13,4% increase on that declared a year earlier.
Growthpoint's diverse assets soften South African blows
Growthpoint Properties grew its distribution per share 6% in the six months to December as the company managed some challenging trading conditions.
Mara Delta set to become Africa property powerhouse
Delta Africa is set to become Mara Delta next month, a R3bn pan-African listed property fund, having more than trebled in value since it listed in July 2014.
Hyprop acquires 60% interest in two southeastern European malls
Hyprop acquires a 60% interest in two southeastern European malls, in a bid to grow the company's footprint in emerging markets.
Shareholders unfazed with Hospitality Property Fund share swap deal
Two minority shareholders urge Hospitality Property Fund to sweeten the share swap deal that forms part of its turnaround strategy, saying its failure to do so could jeopardise the company’s future.
