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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

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

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

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 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

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 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

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

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 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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