After spending the best part of the past two years shuffling its gaming interests, empowerment investment company Grand Parade Investments (GPI) is finally playing a big hand in the casino sector.
Retail-focused property company Hyprop Investments (HYP) on Thursday reported a 7.6% rise in distributions for the six months ended June 2013 to 213c per unit‚ with a first time‚ albeit small‚ contribution from its A...
Retail-focused property loan stock company Hyprop Investments (HYP) on Thursday reported a 7.6% rise in total distributions to 213c per combined unit for the six months ended June.
WOMEN in senior positions in the South African real estate industry agree: while there might not be a single woman heading a listed property company, the past decade has seen tremendous progress and growth in terms of women’s representation at the to...
A STRONG argument can be made that unlike the resources sector, which has captured most of the headlines around black economic empowerment (BEE), in the listed property sector empowerment policies have worked.
JSE property heavyweight Growthpoint Properties (GRT) has confirmed that it has abandoned its fight to acquire Fountainhead Property Trust’s (FPT’s) portfolio‚ which is valued at more than R10bn.
PARIS - French hotel chain Accor on Tuesday appointed businessman Sebastien Bazin as chief executive in a management shakeup as the group is expected to embark on a new strategy to shed property and operate via franchises.
Tower Property Fund (TWR)‚ which is the JSE’s newest property counter having listed in July‚ has had “a good month” as a listed company‚ according to CEO Marc Edwards.
Synergy Income Fund (SGA‚ SGB) on Monday reported 5% distribution growth for its A linked units to 82.66c per unit‚ and 78% distribution growth for B linked units to 51.38c per unit for the year ended June.
Acquisition opportunities are returning to the listed property sector‚ as the expectations of sellers are being revised following the sector’s price rerating in May and June‚ Vunani Property Investment Fund CEO Rob K...
Octodec Investments (OCT) and Premium Properties (PMM) announced on Monday that their applications for Real Estate Investment Trust (REIT) status had been approved by the JSE.
Octodec will qualify as a REIT from the commencement of its n...
Ascension Properties (AIA‚ AIB) on Friday reported a “successful” maiden year as a listed property fund‚ having met its distributions forecast and substantially grown its portfolio in the year ended June.
The reshaping of Rosebank’s skyline is gathering pace as listed property funds‚ private investors and financial institutions continue to pour millions of rand into Gautrain-driven development opportunities.
Redefine International‚ the London-listed subsidiary of JSE-listed Redefine Properties International‚ said on Friday its acquisition of three German malls was expected to be completed on August 30‚ while it had also ...
THOSE seeking prime commercial space in the heart of Springs’ CBD should look no further than Park Village Auction’s upcoming auction at which a particularly wellmaintained, double-storey office building will go under the hammer.
Bidvest Bank announced (1 August 2013) that it has raised its ceiling on commercial property loans from R50 million to R200 million with immediate effect.
JSE-listed Hospitality Property Fund (HPA‚ HPB)‚ which invests in hotel and leisure properties‚ on Wednesday reported strong distribution growth for the year ended June‚ tracking the general recovery across the hos...
WELLINGTON - New Zealand's largest listed company Fletcher Building posted a 76 percent rise in annual net profit Wednesday as strong growth in the country's construction sector offset weakness in Australia.
JSE-listed Emira Property Fund reported a “substantial turnaround” for the year ended June‚ with 3.5% growth in distributions to 114.59c per participatory interest‚ following a distribution decline in the prior yea...
BERLIN - German real estate giant Deutsche Wohnen outlined on Tuesday a 1.75-billion-euro ($2.3-billion) takeover offer for rival company GSW, and GSW shares jumped.
GSW said in a separate statement that it was examining the offer and wo...
