Growthpoint Properties and Acucap Properties announced that the Competition Commission had approved the acquisition of Acucap by Growthpoint without conditions.
The two property groups said in a joint statement the Competition Tribunal ...
It’s becoming increasingly difficult to find value in the listed property sector, with most counters starting to look frothy on the back of a 35% surge in the benchmark SAPY index over the past 12 months.
UK-based Intu Properties (ITU) has reported a 15% rise in underlying earnings to £162m in the year to December‚ boosted by the acquisition of two UK regional malls and a retail park.
The Capital and Counties Properties (CCO‚ Capco) board on Thursday said it has entered 2015 “with confidence†and a clear and focused objective to add value to its shareholders.
TSHWANE’s swift development is causing the boundaries of Pretoria and Johannesburg to become increasingly blurred with the two regions predicted to become one immense “supercityâ€, and the continent’s undisputed powerhouse with...
Property group Hospitality (HPB‚ HBA) said on Wednesday interim distributable earnings per combined linked unit to end December were down 7.4% to 82.45c.
The A-linked unit distribution of 73.33c (2014: 69.83c) showed a 5% increase...
WEALTHY holiday-makers can expect to shell out anything from R5000 to R10000 a night for two- and three-bedroom apartments during peak season at the luxurious Pearls of Umhlanga.
Movie mogul Anant Singh is directing the Pearls developm...
Rebosis Property Fund on Tuesday announced its firm intention to acquire the entire A and B linked unit capital of Ascension Properties that it did not already own.
Currently, Rebosis owns a 32% stake in Ascension. If the acquisition go...
Property group Hyprop (HYP) lifted its dividend by 13.7% in the interim period to end December and the total return to shareholders amounted to 25.9%‚ the group announced on Monday.
Basic and diluted headline earnings per share (HE...
BDTV: Italtile posts 19% revenue growth as it implements business optimisation plan
Italtile chief financial officer Brandon Wood speaks about benefiting from new optimisation plan and whether resilience in home improvements markets is l...
ROME - Cash-strapped authorities in Rome are to auction off four Mussolini-era public buildings to fund the completion of a long-delayed but eagerly-awaited new conference centre by acclaimed architect Massimiliano Fuksas.
Accelerate Property Fund (APF) has entered into an agreement to acquire Parktown Crescent Properties (PCP) and Wanooka Properties for R850m‚ the fund said on Monday.
Accelerate will acquire the entire issued ordinary share capital ...
Blue chip mall owner Resilient Property Income Fund has for many years been labelled as expensive. Yet the counter continues to test new highs. The stock has had a particularly strong run since mid-2014, with the share price up 65% for the 12 months to...
Low-key property firm Putprop — whose biggest tenant is the subsidised bus company Putco — will embark on a concerted diversification drive after a surprise announcement of a R100m rights issue this week.
Rockcastle Global Real Estate Company's (ROC) headline earnings per share (HEPS) for the six months ended December 2014 increased to 11.96 US cents per share from a loss of 1.65 US cents in the year-earlier period‚ the company said on Tuesday.
JSE-listed Fortress Income Fund (FFA‚ FFB) achieved combined distribution
growth of 19.64% to 92.96c‚ for the six months to December compared with the
same period in the previous year.
Rockcastle Global Real Estate (ROC) has concluded its first acquisition in Poland‚ a fast-growing attractive economy which it has selected as a major component of its direct property strategy.
Tower Property Fund CEO Mark Edwards discusses interim results and the necessity of diversification‚ which is good for company’s risk profile‚ in this interview conducted on February 6.
Stenprop (STP), a property company listed on the Bermuda Stock Exchange‚ with a recently achieved secondary listing on the JSE’s AltX, on Monday announced the sale of its multi-let office building Chiswe...
Despite concerns about a looming oversupply of office space and increased road congestion, commercial real estate investors and developers continue to pour billions into the Sandton CBD.
One of the biggest projects expected to break gr...
JOHANNESBURG’s Rosebank is stealing some shine from Sandton as a work, live, shop and play destination, with various property groups continuing to pump millions into new developments.