MORE job losses in construction are likely, with executives in the sector predicting it will continue to suffer the effects of slow economic growth and falling commodity prices during the next financial year.
Tower Property CEO Marc Edwards discusses the fund’s full-year results and prospects for its first offshore acquisition in Croatia‚ in this interview conducted on August 26.
BUSINESS DAY TV: Tower Property Fund has reported a 30% ris...
GROWTHPOINT Properties has shifted its focus to its own developments as it struggles to find reasonably priced new acquisition opportunities in the local property market.
The biggest South African listed real estate investment trust ha...
A GROWING consumer middle class, helped by rapid urbanisation and shifting demographic trends, is driving property demand and growth opportunities in the real estate industry across the continent.
Growthpoint Properties (GRT) on Wednesday reported a 7.5% rise in full-year distribution per share to 173.4c‚ which was at the top end of its forecast.
SA’s largest property fund said solid performance from the domestic portfolio‚ ...
Western Cape-based diversified Tower Property Fund (TWR) on Wednesday reported a 42% increase in distributable earnings for the year to May 2015 as its portfolio grew strongly and the fund made its first offshore acq...
AFTER a drawn-out process, black-owned real estate investment trust (Reit) Rebosis Property Fund has finally secured Ascension Properties as a subsidiary, enabling it to expand its office portfolio.
Rockcastle Global Real Estate’s (ROC) strategy to invest directly in eastern European property is gaining momentum‚ with the rand hedge having notched up five investments in Poland.
Iliad Africa (ILA) recorded headline earnings per share (HEPS) of 31.4c in the six months ended June 2015 from 30c in the previous comparable period‚ the building materials company said on Tuesday.
ACCELERATE Property Fund has acquired roughly half of the Portside office building, the tallest skyscraper in Cape Town, which houses banking group FirstRand’s regional head office in the central business district (CBD).
WHILE offshore-invested property funds such as Rockcastle Global Real Estate and New Europe Property Investments have performed well over the past year, particularly in terms of share price growth, Investec Australia Property Fund (IAPF) has had a rock...
CAPE TOWN — Sun International pulled out all the cost- cutting stops to offset tough trading conditions in its South African market but was tripped up by a poor start at its new casino in Panama and foreign exchange lo...
THE Western Cape provincial government’s property portfolio is worth R80.1bn, about R2bn more than the largest locally based listed property fund, Growthpoint. But too many Western Cape government buildings were underused and needed to be sold or ren...
TAKEOVER target Hospitality Property Fund’s total distribution per linked unit fell 7.7% in the year to June, with the company blaming weak economic growth, incorrect perceptions about Ebola and new visa rules on the performance.
GLOBAL Credit Ratings has upgraded Investec Property Fund’s long and short-term ratings because of the company’s consistent growth since listing about four and a half years ago.
Investec Property Fund’s biggest deal has been its ...
EMIRA Property Fund (EMI) grew distributions 9% in the year to June, thanks to effective rationalising of its portfolio resulting in vacancies falling to 4%.
FORTRESS Income Fund is no longer planning to spin off Capital Property Fund’s office portfolio into a separate listing. Instead the group, which made a firm offer last month to acquire all the listed shares of Capital in this year’s biggest transa...
WELLINGTON - New Zealand construction giant Fletcher Building on Wednesday said its full-year profit slumped 20 percent, dragged down by one off costs, although a pickup domestically and in the US boosted revenues.
IN WHAT could be the first step in its plan to list a property fund, leisure company Tsogo Sun is in talks to buy a significant stake in struggling real estate investment trust (Reit), Hospitality Property Fund.
A DECADE ago Durban’s Point precinct was dominated by dilapidated buildings that were home to vagrants and criminals. It has been transformed into a property market paradise, with upgraded roads and waterways leading to u...
CITY Lodge Hotels expects demand for its rooms to continue exceeding expectations in the year ahead after it increased occupancies in 2015 despite a sluggish economy in its home market compounded by labour unrest, power outages and a generally negative...
PARIS - Franco-Swiss cement giant LafargeHolcim said on Monday that it was selling some of its operations in India to Birla Corporation Limited for 750 million Swiss francs (692 million euros, $767 million).
Group Five has suffered a 49.7% slide in headline earnings per share to R2.05‚ affected by contract losses in its engineering and construction cluster.
The small-cap said on Monday there were significant losses incurred on an Eastern C...