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Dipula Income Fund CEO, Izak Peterson says a friendly merger with SA Corporate Real Estate will unlock significant value for both companies’ shareholders

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. ... Full story

Liberty Two Degrees (JSE:L2D), which owns Eastgate Shopping Centre, posted commendable results for the six months to June 2019

Positive interim results from Liberty Two Degrees despite weak economy

Retail-focused Liberty Two Degrees (JSE:L2D), posted commendable results for the six months to June 2019, despite weak consumer sentiment.

Safari Investments (JSE: SAR) which owns Mamelodi's Denlyn Shopping Centre in Pretoria, said it had received a R1.8 billion cash buy-out offer from Community Property (Comprop).

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).

Bronwyn Corbett, the woman behind the formation, has patiently developed Grit Real Estate into a company which owns US dollar-based income generating shopping centres and offices in Africa.

Grit Real Estate taking big strides in Africa

Grit Real Estate (JSE: GTR) is leading the charge of investing in the African property industry. It should double its asset base in the next two years and expand beyond owning investments in 7 African countries.

Roland van Wijnen, a former CEO of LafargeHolcim’s Philippines unit, worked in the Swiss buildings company’s South African and Eastern European divisions during his 17-year career.

PPC names former Lafarge veteran van Wijnen as CEO

PPC, SA’s largest cement maker, has named ex-LafargeHolcim veteran Roland van Wijnen as its new chief executive on Wednesday after a near seven-month search.

NEPI Rockcastle’s CEO Alex Morar said: “Listing as the largest property share on the A2X brings an additional [R73 billion] market capitalization to the A2X.

NEPI Rockcastle to list shares on South Africa's A2X

NEPI Rockcastle will still retain a listing on the Johannesburg Stock Exchange and Euronext Amsterdam listings.

Delta Property Fund, headed by Sandile Nomvete seeks to reduce its reliance on South Africa after the group on posted what it described as its toughest financial year.

Delta earnings slip as the group seeks to reduce its reliance on SA

The government focused landlord, Delta Property Fund is looking to reduce its exposure within South Africa by diversifying property investments into other countries in southern Africa.

Robin Lockhart-Ross, Chairman of the Special Ad Hoc Subcommittee at Fortress, said the company wanted the FSCA to adequately probe parties that had made accusations against Fortress.

PwC report clears Fortress on market manipulation allegations

A report released recently by advisory firm PwC, has found no conclusive evidence to confirm market manipulation allegations made against Fortress REIT Ltd (JSE: FFA and FFB).

Nepi Rockcastle's CEO Alex Morar said the company welcomed the decision.

No evidence of financial misconduct by Nepi Rockcastle

South Africa’s Financial Services Conduct Authority (FSCA) has closed its investigation into Nepi Rockcastle’s case, relating to possible false and misleading reporting.

IAPF CEO Graeme Katz said: “The ASX listing marks the next step in a journey that began five and a half years ago when IAPF listed on the JSE.

Investec Australia Property Fund lists on the ASX, raises R1.6bn

Investec Australia Property Fund [JSE:IAP] has listed on the Australian Securities Exchange (ASX) following its recent successful capital raising.

Emira Property Fund has bought stake in San Antonio Crossing – San Antonio Texas.

Emira Property Fund expands its U.S. retail arm

Emira Property Fund (JSE: EMI) has expanded its presence in the USA retail market through the acquisition of two shopping centres in Texas.

Dipula Income Fund CEO Izak Petersen says the company is assessing good acquisition opportunities that are appropriately priced and should execute on some in the near future.

Dipula revenue rises 23% after Acquisition run

Black-managed JSE-listed REIT, Dipula Income Fund on Wednesday posted solid results for the six months to February this year, attributing surges in revenue and net property income to a large acquisition drive.

Redefine Properties CEO Andrew Konig says business and consumer confidence are low and this places strain in certain areas, such as the office and retail markets.

Redefine Properties interim income grows 4%

Redefine Properties (JSE: RDF) which said last week that Sipho Pityana had replaced Marc Wainer as its chair, today reported that it had increased its interim distribution below inflation by 4 per cent to 49.2 cents

Investec Australia Property Fund CEO Graeme Katz says the proceeds from the capital raising will be used to repay debt and pay the costs associated with the offer.

Investec Australia Property Fund to raise R1bn prior to ASX listing

Investec Australia Property Fund (JSE:IAP), which seeks to list on the Australian Securities Exchange (ASX), plans to raise R1 billion by selling 76 million new units in its Australian fund.

John Rabie, famously known for developing one of SA’s most successful mixed use development, Century City in Cape Town, has expanded to Portugal in a joint venture.

Century City Developer ventures into Europe with R1.4bn project

John Rabie, famously known for developing one of SA’s most successful mixed use development, Century City in Cape Town, has expanded to Portugal in a joint venture.

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