DUBAI - Dubai's Emaar properties said Wednesday third-quarter net profit surged 21 percent to 701 million dirhams ($191 million/150 million euros) from 581 million dirhams a year earlier.
"The prime driver in our growth is the positive p...
Recently listed real estate investment trust Safari Investments (SAR) on Wednesday reported a 12% rise in headline earnings per share to 28c for the six months ended September 2014.
Net asset value per share for the period was 817c from ...
Fountainhead Property Trust CEO Len van Niekerk has resigned and Andrew Konig‚ currently an executive director of Fountainhead‚ has been appointed as the CEO with effect from November 30‚ the company said on Tuesday.
DAR ES SALAAM - Tanzania will launch construction of a major Chinese-funded sea port in 2015 to boost the trading capacity of the east African nation, a presidential statement read.
The planned Indian Ocean port at the small town of Baga...
PPC on Thursday confirmed the resignation of Richard Tomes‚ joint MD of the cement maker’s core South African business‚ and one of the business’s key sales and marketing personnel.
FOLLOWING a year of aggressive merger and acquisition activity and strong overall returns, analysts believe the time is ripe for more specialised funds to join the listed property sector.
Beleaguered cement maker PPC is in discussions with the joint MD of its South African business‚ Richard Tomes‚ who is considering resigning from the company‚ sources familiar with the matter said on Wedne...
LONDON - InterContinental Hotels Group on Tuesday booked rising quarterly revenues per room, buoyed by the United States, and expressed optimism over the annual outlook.
Global revenue per available room (RevPAR) -- a key industry measur...
Total income for SA’s tourist accommodation industry (which includes restaurant‚ bar sales and “other†income) rose by 8.3% year on year (y/y) in nominal terms (current prices) in August‚ Statistics SA’s tourist ac...
Buildings and material group Cashbuild (CBS) said on Monday total revenue rose by 10% for the first quarter of its 2015 financial year due to increased sales in its new stores.
The company opened 18 new stores since July 1 last year. The...
NEW DELHI - India's biggest property developer DLF, barred for three years from raising money on financial markets over allegations it sought to defraud investors, said it was appealing the ruling.
Texton Property Fund (TEX)‚ formerly Vunani Property Investment Fund‚ announced on Friday its intention to acquire various properties for R228.87m.
The proposed transactions involved the acquisition of the entire issued share...
IF you squint your eyes from the Steyn City clubhouse piazza, you might just imagine you’re in San Gimignano. Cast your gaze to the right, however, and your Tuscan reveries will vanish.
YOU could have cut the atmosphere with a chainsaw this week at Tsogo Sun’s annual general meeting as Theo Botha, shareholder activist and perennial thorn in the side of many JSE-listed giants, got under t...
The property listings boom continues with yet another new real estate counter set to make its debut on the JSE before year end — Pivotal Property Fund‚ which was assembled by developer Abland in 2005‚ pl...
Oasis Crescent Property Fund (OAS) interim distribution per unit increased by 13.8% to 50.2c in the six months ended September 2014 from 44.1c in the year-earlier period.
The net asset value per unit increased by 9.2% to R17.74 per unit ...
ANDTON has unmatched appeal as a corporate address. The area is eminent, prestigious and offers everything that makes it easier to conduct business, from hotels, gyms and conference centres to shopping, banking and restaurants. So says David Rice, CEO ...
THOUGH listed property had a rocky start to the year on the back of rising interest rates, the sector has recovered strongly in recent months, surprising on the upside with a 14% total return for the year to date (January-September).
Delta Property Fund (DLT) delivered double-digit growth in distributions for the six months to August‚ thanks to it gaining more government business and careful cost management.
Atlantic Leaf Properties (ALP) intended raising more funds over the next few months as it looks to build on its fledgling property portfolio‚ management said on Monday.
Industrial-focused property investment fund and developer Equites Property Fund (EQU) is on track to maintain strong distributions in 2015‚ CEO Andrea Taverna-Turisan said on Friday.
Delta Property (DLT) delivered diluted headline profit per linked unit for the six months ended August 2014 of 38.62c from 40.66c in the year-earlier period‚ the property fund said on Monday.
The plan by Growthpoint (GRT)‚ the JSE’s largest property group by market value‚ to acquire mid-cap Acucap Properties (ACP)‚ is on track‚ with the companies announcing on Thursday that ...
Fountainhead Property Trust (FPT) on Thursday reported slower profit growth for the 2014 financial year as tough trading conditions and the uncertain economic environment weighed on earnings.
