Companies
Liberty Two Degrees leases space vacated by Stuttafords but faces pressure from Edcon
South African landlords have let most of the space vacated by the defunct department store, and Liberty and L2D are in talks with Edcon, which is ‘rationalizing’ its leases. ... Full story
Resilient share price slides, faces damning allegations
The share price of Resilient, the listed property group slid on the JSE on Wednesday after the company announced a statement on Tuesday.
Gemgrow goes on an acquisition spree
Showing its intent to grow its asset based, Gemgrow Properties, confirmed that it plans to do deals with large real estate investment trusts (Reits) that are facing structural problems and need to let go of their smaller assets.
A tough year for Liberty Two Degrees
Real estate investment trust (Reit) Liberty Two Degrees (L2D) on Monday declared a full-year distribution per unit of 59.22c, which fell short of its forecast of 65c.
Hyprop shrugs off tough times
Hyprop Investments has been a market darling for some years, regularly delivering double-digit distribution growth from its impressive portfolio of malls that include The Mall of Rosebank, Clearwater Mall, Canal Walk, Somerset Mall, The Glen and Hyde Park Corner.
Arrowhead facing criticism over its remuneration policy
Arrowhead Properties, which has forecast that its dividend will shrink in the year to September, is facing criticism over its remuneration policy.
Fund bets on super mall to Accelerate confidence
Accelerate Property Fund is banking on the relaunch of the Fourways Mall in 2018 to boost confidence in the company and its shares.
Liberty Two Degrees' resilience rides out the storm
Liberty Two Degrees (L2D), which owns some of SA’s premium shopping centres, says its iconic asset portfolio and strategy to actively manage its precincts will enable it to remain resilient during the tough South African economic climate.
Emira Property Fund spreads its wings into America
Emira Property Fund has become the first South African-based real estate investment trust (Reit) to invest directly in American property.
Spear targets dividend increase as Western Cape assets pay off
Property company Spear Reit has revised its dividend for the 2018 financial year to as much as 79c following a strong performance in the interim period.
Emira upbeat over conversion of office block to residential units
Emira Property Fund is confident that its first asset conversion of a property from office to residential will succeed and that this will prompt the company to complete more value-enhancing property conversions.
Grit keeps dividend payment rolling
Grit Real Estate, the only listed Africa-focused property fund, has declared its seventh consecutive dividend since its formation in 2014.
Stor-Age diversifies into UK market with R1.3 billion acquisition
Stor-Age Property REIT [JSE: SSS] has diversified its portfolio entering the UK self storage market — with an estimated R1.3 billion acquisition of the region’s sixth largest self storage operator, Storage King.
SA's Retail Sector is in trouble but Mall Owner managed to eke out growth
Although South Africa’s economic strife has dimmed prospects for a long-term revival in consumer spending, shopping centre owner, Hyprop Investments (JSE: HYP) is still managing to eke out growth.
Safari raises funds in share sale in bid to cut debt
Safari Investments has privately placed 119,552,633 shares at R7.60 each through a combination of a specific and general issue raising R908,600,0011 in new equity, as it looks to reduce its overall debt level and to double in size in the next three years.
