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JSE-listed Hospitality Property Fund said on Tuesday it had appointed Vincent Joyner as its new CEO.

Hospitality Property Fund appoints CEO

JSE-listed Hospitality Property Fund said on Tuesday it had appointed Vincent Joyner as its new CEO and a member of its board with immediate effect. ... Full story

MAS Real Estate restated H1 earnings per share 6.74 euro cents

Property group MAS Real Estate’s restated basic and diluted earnings per share for the interim period to end December 2014 amounts to 6.74 euro cents. ... Full story

Nedbank Corporate and Investment Banking funds R1.14 billion joint venture between the Collins Group and the Aveng Group.

Aveng-Collins’ R1.14 billion property deal backed by Nedbank

Nedbank Corporate and Investment Banking (NCIB), on Thursday said it had concluded an estimated R1.14 billion loan facility to finance a joint venture between Durban based commercial property developer, Collins Group and Aveng. ... Full story

Growthpoint CEO Norbert Sasse said at the company’s annual results presentation last week that dividend growth was likely to slow to between 5% and 6% next year, down from 7,5% for the 12 months to June.

Property companies feeling the pinch

It will become increasingly difficult for real estate stocks to deliver inflation-beating dividend growth, if sector heavyweight Growthpoint Properties’ rather bearish earnings outlook is anything to go by. ... Full story

Fairvest plans to acquire rental enterprises for R133m

Retail-oriented property fund Fairvest enters into an agreement with Born Free Investments 385 to acquire rental enterprises for R133m. ... Full story

Texton CEO Angelique de Rauville said yesterday that the deal had been successful and she had plans to buy more assets in major UK cities.

Wiese backs rights issue as Texton seeks UK growth

Retail magnate Christo Wiese has continued to back Texton Property Fund by underwriting a significant portion of a rights issue announced yesterday. ... Full story

Standard Bank's Head of Real Estate Finance, Gary Garrett said the Euromoney Real Estate survey awards are testament to our ability to tailor solutions for our clients that reflect our deep understanding of the markets in which we operate.

Standard Bank scoops major Euromoney Real Estate Survey Awards

Standard Bank Group, Africa’s largest bank by assets has been voted the Best Overall Bank in Africa in the 2015 Euromoney Real Estate Survey Awards. ... Full story

Hyprop increases FY dividend 15%

Property company Hyprop increases its full-year dividend to end June by 15% ... Full story

Cashbuild FY net profit jumps 33% to R363.37m

Cashbuild reports a 33% jump in full-year net profit to R363.37m as it reins in operating costs. ... Full story

“With a stronger balance sheet and improved liquidity, we are now well placed to strongly drive Aveng’s medium term strategy, thus positioning the group for future profitability,” says Aveng Group CEO Kobus Verster.

Aveng Group notches R1.1 billion from property sales

Construction group Aveng (AEG), on Thursday announced it had concluded the sale of the majority of its property assets to the Collins Property Group for R1.127 billion. ... Full story

Redefine's inclusion in the Top 40 was announced by the Johannesburg Stock Exchange last night and will take effect from September 21.

Redefine Properties makes the Top 40 Index

Property group Redefine Properties will for the first time be included in the FTSE/JSE Top 40 Index, making it one of the 40 largest listed companies in South Africa by market capitalisation. ... Full story

Canal Walk Shopping Centre owner, Hyprop Investments was upbeat about its full year results which ended June 2015 and declared a 15 per cent increase in total distributions to 543c a share.

Hyprop shines again with 15% distribution growth

Shopping centre heavyweight, Hyprop Investments was upbeat about its full year results which ended June 2015 and declared a 15 per cent increase in total distributions to 543c a share. ... Full story

Texton Property Fund Ceo, Angelique de Rauville says The group has plans to raise its overseas weighting to 50% of its property portfolio from 25% in the next year or so.

Europe beckons as Texton moves beyond office niche

Texton Property Fund plans to dramatically increase its offshore property exposure as it diversifies away from being a pure office play. ... Full story

SA Corporate lifts H1 distribution 11.2%

Property group SA Corporate Real Estate lifts its interim distribution to end June by 11.2% to 19.66c per unit‚ announces group. ... Full story

Rebosis CEO Sisa Ngebulana said yesterday the fund had successfully acquired the entire issue of Ascension “B” shares in terms of a scheme of arrangement.

Rebosis eyes expansion after acquiring Ascension stake

Black-owned real estate investment trust Rebosis Property Fund finally secures Ascension Properties as a subsidiary, enabling it to expand its office portfolio. ... Full story

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