Companies
Emira takes up residence in Epsom Downs Office Park
Emira Property Fund will relocate its Johannesburg offices into one of its own key commercial property assets, Epsom Downs Office Park in Bryanston. ... Full story
Vukile sees distribution growth and 'bulks up' asset base
Vukile Property Fund on Thursday reported that it had achieved its full year distribution growth by 5.4% to 131.59 cents per linked unit in the 2013 financial year, and had significantly "bulked up" its asset base by 26% to R7.7 billion.
Vunani Property Investment Fund receives REIT status
JSE-listed property company, Vunani Property Investment Fund ( VPIF) today announced that it had received Real Estate Investment Trust (“Reit”) status approval by the JSE Limited.
Sycom and Acucap may negotiate merger after approval
Sycom Property Fund may seek improved terms for its partnership with Acucap Properties, after Hyprop pulls out from Sycom entirely, and the merger would be subject to unit-holder’s approval.
Len van Niekerk appointed new CEO of Fountainhead Property Trust
Redefine Properties (RDF) has named a rated listed property analyst, Len van Niekerk to replace acting CEO‚ Alex Phakathi as Fountainhead's new chief executive officer, Fountainhead announced on Tuesday.
Redefine exempted from JSE’s ruling over Fountainhead bidding war
Redefine Properties on Friday said that the JSE had confirmed in writing that it had not found breaches of its listing requirements in relation to the battle for Fountainhead Property Trust’s portfolio.
IAS honours Redefine Properties’ quality communication and reporting
JSE-listed Redefine Properties Limited, scooped top honours for Reporting and Communication Award in the ‘companies with market capitalisation between R5 and R30 billion’ category of the prestigious IAS Awards.
Growthpoint Properties drops offer for Fountainhead assets
JSE-listed Growthpoint Properties today announced it is withdrawing an all-share spirited bid offer to acquire Fountainhead first tabled in October, but said it would refer the JSE’s ruling on the matter to the Financial services Board.
Redefine aims to pull out from Hyprop as the union poses direct competition
Retail-focused Hyprop announced yesterday that Mr Wainer, a Hyprop nonexecutive director, would retire after Hyprop’s annual general meeting on June 27, along with independent nonexecutive director Jabulane Mabuza.
Redefine ups its stake in Australian listed Cromwell Property Group
Redefine Properties seized the opportunity to increase its direct holding in Australian listed Cromwell Property Group this week by taking up Aus$65.6 million of Cromwell’s capital raise, which will partly fund Cromwell’s successful acquisition of a portfolio of government properties.
Dipula Income Fund property portfolio grows apace
Dipula Income Fund (DIA‚ DIB) on Tuesday announced that after implementation of all acquired assets since listing at JSE, the fund’s portfolio will comprise 183 retail, industrial and office properties valued at approximately R4.3 billion.
Tongaat Hulett happy with the property division performance
Tongaat Hulett is buzzing with excitement from the revenue generated from the property development division, operating profit from land conversion and development grew strongly to R350m from R215m in 2012.
Vukile Property Fund maintains growth path
JSE-listed Vukile Property Fund today reported a 26.7% increase in the profit available for distribution for the full year to 31 March 2013 to R556.4 million.
Redefine Properties reports strong half-year distribution growth
Redefine Properties today announced half year distribution growth of 7% in its interim distribution of 33,7 cents per linked unit for its investors for the six-month period ended 28 February 2013.
JSE declines Growthpoint Properties' request in favour of Redefine
The JSE had declined Growthpoint Properties’ request for a ruling that Redefine be precluded from voting on all resolutions relating to Growthpoint’s bid for Fountainhead’s R10bn portfolio‚ Redefine said on Monday.
