Companies
Landlords chip in as Edcon Holdings secures R2.7 billion
Edcon Holdings which owns Edgars Stores, Jet and CNA, has secured R2.7 billion rand from lenders, landlords and the Public Investment Corp. as South Africa’s largest clothing retailer wraps up its latest restructuring plan. ... Full story
Liberty Two Degrees attains REIT status, bulks up asset base
Liberty Two Degrees (JSE:L2D), the owners of flagship Sandton City, Eastgate Shopping Centre and Melrose Arch, says it had converted to a Real Estate Investment Trust (Reit), and significantly "bulked up" its asset base.
Grit Real Estate thriving despite the odds
JSE's pan-African property fund and LSE-listed Grit Real Estate is keeping its head above water at a time when volatility is a byword for Africa’s property industry.
Emira’s distribution rises as diversification pays off
In spite of adverse local property fundamentals, Emira Property Fund, the only JSE-listed real estate company invested in the US, has turned in what it terms a 'robust' six months to December 2018.
After ugly year, EPP is the top performing listed property stock in 2018
While most property stocks suffered, EPP’s continued turnaround, under the leadership of CEO Hadley Dean, delivered the best performance among listed property companies on the JSE in 2018.
Texton’s shareholders vote down share repurchase from PIC
Shareholders of Texton Property Fund (JSE: TEX) have voted against the repurchase of shares in terms of the ‘Put Option’ related to Texton’s 2014 Broad-based black economic empowerment deal.
Resilient wants regulators to speed up investigations
To bring closure about market manipulation allegations, Resilient Reit (JSE: RES) has challenged Financial Sector Conduct Authority (FSCA) to speed up investigations.
Texton Property Fund pledges to address structural problems
Texton Property Fund (JSE: TEX) has pledged to attend to its struggling company’s affairs, but not all investors are impressed.
CBRE Group ties up with Excellerate after Break-up with Broll
Global commercial real estate services firm CBRE Group (NYSE:CBRE), entered into partnership with Excellerate Property Services within a week after it ended its four-year alliance with Broll Property Group.
Nepi Rockcastle sees R9bn wiped off its value after Viceroy report
Nepi Rockcastle (JSE: NRP) has seen its share prices dive-bomb following a report by Viceroy Research which alleged the company manipulating or inflating its net profit after tax numbers.
Offshore expansion benefits Vukile Property Fund
Vukile Property Fund (JSE: VKE) reported on Thursday that its total distributions for the half-year ended September had increased by 7.5% to 78.1 cents, buoyed by its Spanish investment portfolio.
Arrowhead Properties tumbles as times get tough
Arrowhead Properties (JSE: AWA), a diversified South African-focused property fund, on Wednesday reported a 15% decline in its full-year dividend to 74.1 cents per share — as tenants battle with rent.
Stenprop announces progress on transition to a Industrial Property owning Company
Stenprop (JSE: STP) recently announced that it has made further progress with its growth strategy of transitioning into a Industrial Property owning Company
Gemgrow Properties dividend up
Gemgrow Properties, which focuses on high-yield, high-growth properties, delivered 7% growth in its B-share dividend for the year to September, in line with guidance.
Stor-Age's dividend growth outstrips that of JSE property sector
Stor-Age Property, a real-estate investment trust (Reit) offering self-storage space in SA and the UK, raised its interim dividend by 9% to 51.3c.