Companies
New CEO for Redefine Properties, Marc Wainer takes up Chairmanship
South Africa's second largest REIT, Redefine Properties, which has a market capitalisation of R32bn, on Friday announced a major shakeup to its board of directors and executive management. ... Full story
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.
Accelerate Property Fund bowls their maiden over
Fourways Mall owner, Accelerate Property Fund, which made an entry on the JSE last year December, on Monday declared its maiden distribution of 13.77289 cents per linked unit.
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.
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.
Portfolio potential helps lift Dipula distributions
PROPERTY loan stock company, Dipula Income Fund yesterday reported distribution growth of 5% for A linked units and 8.5% for B linked units for its six-month period ended February 2014.
Vukile's interims signify 10th consecutive year of growth
Vukile Property Fund signalled its 10th consecutive year of growth, saying it had delivered on market guidance and established a decade-long track record of unbroken growth in distributions and positive performance for investors.
Redefine Properties shares rise 3.5% after results
Shares in Redefine Properties (RDF) were up 3.5% on Thursday in early trade following the group's announcement of 8% increase in distribution to shareholders for the six months which ended February 2014.
Redefine jacks up 13% after placing faith in fundamentals
AN upturn in revenue from its property assets, rand hedge gains and good results from international investments were some of the factors that helped Redefine Properties distributions surge 13% for the six months ended February 2014.
Rebosis reports 9% rise in distributions on ‘strong results’
Rebosis Property Fund, the first black-managed real estate fund to list on JSE, on Thursday reported its interim results with a 9% growth in distributions to 48.5 cents per linked unit for the six-month period ending February 2014.
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.
Tongaat Hulett shareholder pins hope on land development
Tongaat Hulett is best evaluated on a portfolio basis‚ with the valuation underpin of the extensive property portfolio and highly profitable starch business complementing the cyclical but recovering Southern African sugar operations.
Attacq posts sterling maiden half-year figures
Newly JSE-listed capital growth property group Attacq on Wednesday announced its financial results, with net asset value per share (NAVPS) showing an increase of 19.9% since JSE listing in October last year.
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.
