SMALL hotel and time-share operator Gooderson underlined its directors’ confidence in its cash generating abilities by hiking its dividend 6.5% to 1.875c per share for the year to end-March.
Fortress Property Income Fund (FFB‚FFA) said on Thursday it had subscribed for additional shares in AltX-listed Rockcastle Global Estate for just more than R500m as part of its strategy to increase offshore indirect property exposure.
Listed and unlisted property contributed R191.4bn to the economy in 2012‚ according to a report released by the Property Sector Charter Council on Tuesday.
PARIS - Hotel group Accor on Tuesday announced the purchase of 97 hotels in Europe through its HotelInvest business for a total of 900 million euros ($1 billion).
The group is buying a first portfolio of 86 hotels, representing 11,286 ro...
TOKYO - Japan's biggest real estate developer said Tuesday it would raise about $3.2 billion in a new share sale, as the property market rebounds before the 2020 Tokyo Olympics.
Mitsui Fudosan said it plans to issue up to 110 million new...
Vukile Property Fund’s CEO Laurence Rapp said on Monday the company had rebased its portfolio and that it would match the listed property sector’s performance in the near future.
MALL businesses in the tourism sector have the option of accessing a new R50m loan facility through the Tourism Enterprise Partnership (TEP), a public-private partnership and nongovernmental organisation focused on enterprise development in tourism.
THE eThekwini municipality said yesterday it would forge ahead with the construction of the first phase of the multibillion-rand integrated rapid public transport network system despite complaints from some businesses and landowners.
ONE of the biggest quality investment property offerings this year was auctioned at the Aucor Property sale in Sandton on Tuesday, when sales valued at more than R100m were confirmed at the fall of the hammer.
CAPE TOWN — It is clear that gaming and hotel group Tsogo Sun Holdings — which has empowerment group Hosken Consolidated Investments (HCI) and beer giant SABMiller as major shareholders — is not content to just sit back and collect...
Redefine International plc said on Friday that Tsogo Sun had acquired a 25% interest in its subsidiary‚ Redefine BDL Hotel Group (RBDL)‚ for GBP8.1m.
Redefine International‚ which is listed in London and on the JSEâ€...
Stefanutti Stocks‚ a multi-disciplinary construction company operating throughout South Africa‚ sub-Saharan Africa and the Middle East‚ was back in the black for the year to February after a significant lo...
The proposed three-way merger between Rebosis Property Fund (REB)‚ Delta Property Fund (DLT) and Ascension Properties‚ which is expected to be finalised by October‚ will create the f...
ABOUT R12bn in property work — perhaps more — has been stalled by a transition to new property legislation, the South African Property Owners’ Association (Sapoa) has said.
Hotel and gaming group Tsogo Sun Holdings has delivered an 18% rise in adjusted headline earnings per share to 176.5c in the year to March‚ boosted by merger and acquisition activity undertaken as part of its growth strategy.
Open-cast mining contractor and building materials distributor Buildmax (BDM) has reported a 15% rise in headline earnings per share to 32.9c in the year to March.
Revenue was up 7% to R1.274bn‚ with earnings before interest‚...
Total income for South Africa’s tourist accommodation industry rose 2.6% year on year (y/y) in nominal terms (current prices) in March 2014‚ Statistics South Africa’s (Stats SA) tourist accommodation survey released on Monday showed...
NEW YORK - The Darden restaurant group said Friday it was selling its popular Red Lobster seafood chain in a deal that will allow it to reduce debt and boost shareholder payouts.
The move comes after activist investors had pressed the g...
GROWTHPOINT and Redefine are the two largest South African real estate investment trusts (REITs), with a diversified exposure to commercial properties in the retail, office, and industrial sectors. But for investors, which is a better bet?
Century City‚ the mixed-use precinct anchored by mega-mall Canal Walk near Milnerton in Cape Town‚ is undergoing a R4.3bn development boom‚ which will expand the live‚ work‚ stay‚ shop a...
Redefine International‚ a UK Real Estate Investment Trust with a primary listing on the London Stock Exchange and a secondary listing on the JSE‚ has acquired the remaining 10% of the issued share capital in Redefine International Fund Mana...
ALTX-listed Rockcastle Global Real Estate (ROC)‚ one of the Resilient group’s
(RES’s) rand-hedge property plays‚ said its African operations were on track‚ as
it released financial r...
Property group Rockcastle Global Real Estate (ROC) on Wednesday reported
nine-month headline earnings per share (HEPS) of 9.22 US cents to the end of
March from 28 US cents in the previous corresponding period.
