New Europe Property Investments plc (NEPI‚ NEP) will seek to raise about EUR35m or about R486m through the issue of new shares‚ it said on Thursday.
The company wants to increase its cash reserves so it can take advantage of ...
Accelerate Property Fund‚ a newly formed retail-focused property fund‚ has announced it plans to list on the JSE. The company is expected to list on December 12 in the real estate holdings and development sector.
Alert Steel Holdings (AET) has restructured its acquisition of Build Kwik and will pay about R35m for the business instead of R58.138m as stated before.
Alert Steel said in a Sens announcement on Wednesday‚ that is would also purch...
CAPE TOWN — The expansion of the Cape Town International Convention Centre looks set to continue despite recommendations by the City of Cape Town in September that it cancel the controversial R700m architectur...
Listed property fund Emira Property Fund believes it has performed well since listing on the JSE a decade ago and that the sale of noncore properties will help it achieve strong returns next year.
Redefine Properties (RDF) on Tuesday raised R1.3bn through an accelerated bookbuild‚ with its offer of linked units at R9.60 — a 4% discount to Monday’s closing price of R10 — oversubscribed by 1.5 times.
It's been 10 years since SA REIT Emira Property Fund listed on the JSE on 28 November 2003. In that time, its asset base has grown almost six fold from R1.65 billion to R10,1 billion in June 2013 and its diverse portfolio of retail, office and industri...
SHANGHAI - Several Chinese property developers on Tuesday denied a state media report accusing them of failing to pay land taxes, saying it was a "misunderstanding".
State television reported in a weekly consumer programme on Sunday that...
Vukile Property (VKE) has reported a 5% rise in its distribution per linked unit to 54.81c for the six months ended September 2013 from 52.20c a year ago.
The group’s net profit available for distribution amounted to R343.8m for t...
On November 28, various Anglo Coal mining assets will be taken to auction, including a 3 298-ton dragline machine which, when new, is valued at over R1billion.
The last time such a second-hand dragline was sold in South Africa was ove...
An established avocado and banana farm, known as Farm Letaba Drift, comes under SA Auction Group’s hammer next week as a forced auction and on attorney instruction. The property is located in a fertile region with tropical and subtropical agricu...
PROPERTY developer and wellconnected millionaire, Jay Singh, started construction of the doomed 16000m² multi storey mall in the middle of Tongaat, KwaZulu-Natal, without permission .
Without approved building plans or an environme...
Hotels and gaming group Tsogo Sun Holdings (TSH) has reported a 20% rise in diluted adjusted headline earnings per share to 81.3c for the six months ended September 2013 from 68.0c a year ago.
GAUTENG Premier Nomvula Mokonyane yesterday sought to discourage municipal officials and stakeholders from politicising the R24bn Savanna City project through which more than 18,000 new properties will be developed in the Midvaal municipality’s ...
JOHANNESBURG shoppers certainly cannot complain about a lack of choice, with yet another new super-regional shopping centre, the 76,000m² Cradlestone Mall, opening its doors on the West Rand yesterday after a two-year construction period.
THE South African Property Owners Association (Sapoa) yesterday questioned the legality of increased municipal rates charged to its members, saying random rate increases were not based on logical reasoning and were highly irregular.
Now that Spain has promulgated legislation which will grant automatic Spanish residency to non-European Union citizens who invest €500 000 in property, Pam Golding Properties is marketing a broad selection of properties ranging from one bedroom a...
Aucor Property held its November auction at the Park Hyatt Hotel yesterday and following a successful October event which saw R90 million of property sales achieved on the floor on the day, the team at Aucor Property had another record setting event on...
Retail-focused Acucap Properties (ACP) and office-biased Sycom Property Fund (SYC)‚ whose portfolio is managed by Acucap‚ on Thursday announced distribution growth of 5.9% and 4.4% respectively for the si...
