Companies
Growing portfolio pays off for Rebosis Property Fund
The injection of a substantial property portfolio into Rebosis Property Fund last year is paying off with the fund announcing an 8.2%% increase in its distributions for the year ended August 2016. ... Full story
Graeme Stephens quits as Sun International CEO
Zimbabwe-born, Graeme Stephens, 53, will be leaving the gaming, hospitality and entertainment group, Sun International, at the end of April 2017.
Atlantic Leaf Properties switches primary listing to JSE
Atlantic Leaf Properties Limited (ALP), a Mauritian-based property company, says from today its company’s primary listing will move to the Main Board of the JSE.
Redefine Properties to capitalize on Student Accommodation
The popularity of the student housing market has grown steadily, attracting JSE-listed funds that have traditionally invested in office, retail, hotel and industrial properties.
Trematon concludes R614m acquisition deal with Redefine
JSE listed Trematon Capital Investments, on Monday advised that it had concluded an agreement with Redefine Properties to acquire seven office, retail, industrial and mixed use assets‚ for R614 million.
The Pivotal Fund reports positive interim results
The Pivotal Fund Limited on Monday reported positive results for the six months to August, with a 17.35% increase in net asset value per share to R23.00, excluding deferred tax (“NAVPS”) year-on-year.
Octodec Investments declares 6.5% distributions growth
Listed REIT, Octodec Investments Limited (JSE:OCT) which has properties situated in Gauteng only, today posted a 6,5% increase in distribution to 201.5 cents per share for the year ended August 2016.
Hyprop buys Skopje City Mall stake in a joint venture
Hyprop Investments (JSE:HYP) announced yesterday that it had acquired a 60% interest in Skopje City Mall Macedonia, purchased from Balfin Finance BV, Amsterdam in deal worth R1,3 billion (€92 million EUR ).
Equites Property Fund boosts returns on the back of industrial assets
A strong performance from its industrial warehouse portfolio and other buildings used by the logistics industry, boosted the interim dividend by 20% to 54.44c at JSE-listed Equites Property Fund.
Calgro M3 lifts revenue in ‘difficult year’
Affordable housing and private memorial parks developer, Calgro M3 Holdings this week said revenue moved up 25.7% to R720m in the interim period to August.
Gbcsa names first black woman to head its green movement
After years of working in the sustainability sector, Dorah Modise is making history as the first black woman to head the Green Building Council of SA (Gbcsa) — as the new Chief Executive Officer (CEO).
Spear Properties braves tough market to list
A new property investment vehicle focusing exclusively on the Western Cape, Spear Properties, is to debut on the listed property sector of the JSE securities exchange next month.
Rebosis Property Fund gets nod for R5 billion acquisition
Rebosis Property Fund announced that its decision to acquire two regional retail centres as well as the acquisition of Billion Group (Pty) Limited manco, valued at R5bn has been approved by the majority of the firm's shareholders.
Consortium to roll out multi-million rand housing projects
A consortium of developers, Calgro M3 and SA Corporate Real Estate Fund agreed to create a housing joint venture that may be listed in future.
Stor-Age Property REIT to acquire Competition
Stor-Age Property Reit announced last week that its had acquired a smaller competitor, Storage RSA Investments, as the JSE-listed group seeks to expand and consolidate its position in the self-storage industry.
