Listed Property sector gained 1.4% during the week ended 15 Feb
South Africa’s listed property sector gained 1.4% during the week ended 15 February 2013. Since the start of the year, both the listed property sector and the FTSE/JSE All Share Index have returned...
View ArticleDelta Property Fund in R1 billion capital raising through a rights offer
Delta, a black-managed and substantially black-owned property loan stock company confirms plans to take advantage of the strong equity markets and demand for its share with a R1 billion rights offer.
View ArticleArrowhead announces heavily oversubscribed book build
Property loan stock company Arrowhead Properties, today announced the successful completion of the accelerated book build announced this morning. The book was heavily oversubscribed.
View ArticleVukile’s R1.4 billion Acquisition Boosts BEE Structure
As part of their growth and broader Black Economic Empowerment strategies, JSE-Listed Vukile Property Fund enters a R1.4 billion agreement with Encha Properties (Encha).
View ArticleListed Property sector growth slowed by 1% in March
South Africa’s listed property sector declined by 1% during the week ending15 March 2013. This comes on the back of a 7% plus gain so far this year.
View ArticleTaking The Market In Hand
South Africa has not experienced interest rates at the current levels in nearly four decades. These are not just glib words that call for a celebratory glass of champagne because debt repayments have...
View ArticleInvestec Property Fund gets a R318 million boost to its assets
Investec Property Fund (IPF), today announced the acquisition of five properties for a total consideration of R318 million, as it continues to grow its portfolio vigorously.
View ArticleDipula Income Fund back on acquisition trail
The future looks less cloudy, despite the global economic uncertainty, JSE-listed property loan stock company Dipula Income Fund is stepping up expansion plans to acquire six more properties worth R559...
View ArticleHyprop buys Somerset Mall from Sycom for R2.3 billion
Retail-focused property investment group, Hyprop Investments, on March 28 announced the acquisition of Somerset Mall for a total consideration of R2,3 billion from Sycom Property Fund.
View ArticleJohannesburg Stock Exchange (JSE) reveals new Listing Requirements for SA REIT’s
Bringing it in line with international standards, the JSE published new Listing Requirements on 28 March 2013 that will facilitate the South African Real Estate Investment Trust structure.
View ArticlePressure on Non-Listed Commercial Property set to Increase
While returns on listed property are expected to slow in 2013, following stellar performance of 36% in total returns for the year in 2012, the pressure on non-listed commercial property is set to...
View ArticleIngenuity Property Investments goes on an Acquisition Spree
Showing its intent to grow its portfolio, JSE-listed Ingenuity Property Investments (ING), on Monday confirmed that it had exchanged contracts to acquire nine fully tenanted prime Cape Town properties...
View ArticleRebosis Property Fund still looks cheap
Buying opportunities among the JSE’s 30-odd property listings are diminishing as income chasers continue to push the sector into what many believe is overpriced territory.
View ArticleReit Legislation Uplifts SA's Listed Property Sector
South Africa’s listed property sector soared more than 3% last week, as investors poured into sector heavyweights like Redefine (+4.6%) and Growthpoint (+4.5%).
View ArticleNew Europe Property Investments to raise R500 million in equity issue
Romanian-focused property fund New Europe Property Investments (Nepi), plans to take advantage of the strong equity markets and to raise about R500 million through the issue of new shares.
View ArticleBattle for Fountainhead heats up as rivals show no signs of retreat
The battle for the R10.3 billion Fountainhead Property Trust’s retail portfolio intensifies as bidding rivals, Growthpoint Properties and Redefine Properties show no intentions of giving up.
View ArticleReal Estate Investors Score in First Quarter 2013
Global Equity General with a return of 16,43% was rated the best-performing unit trust subcategory for the quarter to 31 March 2013, while Global Real Estate was the best subcategory overall for the...
View ArticleVukile in talks to buy Wingspan property portfolio
JSE-Listed Vukile Property Fund (VKE), on April 26 announced that it was in talks to acquire Wingspan’s property portfolio comprising 5 regional shopping centres‚ either alone or together with a third...
View ArticleMay 1st marks the beginning of SA REIT Structure
From 1 May 2013, a new listed property investment structure will be introduced in South Africa: The SA REIT (pronounced “essay reet”).
View ArticleRedefine rallies 3.7% after 7% growth in distributions
Redefine Properties’ linked unit price rallied 3.7% to close at R11.20 on Thursday after the company reported 7% growth of 7% in distributions to 33.7c per linked unit for the six months to February.
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