Two commercial properties in Lorentzville, Johannesburg, will soon be brought to market by Park Village Auctions. Located at 7 and 9 Viljoen Street respectively, the properties have great potential, says PVA’s Jaco du Toit.
Pretoria North is one of the oldest suburbs of Pretoria and has a well-developed commercial node, with a large number of businesses, amenities and government institutions all situated within close proximity of one another.
Western Cape-based company Grand Parade Investments’ (GPI) adjusted headline earnings per share (HEPS) were down 26% to 22.50c for the full year ended June 2014 from 30.46c in the year-earlier period‚ the company said on Thursday.
Basil Read H1 headline loss per share 145.74 cents v headline earnings of 43.69 cents
Basil Read (BSR) on Wednesday reported a headline loss per share of 145.74 cents for the six months ended 30 June 2014 from headline earnings of 43.69...
Murray & Roberts (MUR) has re-introduced dividend payments for the first time since 2010 as earnings in the construction group continue to recover after a rough patch after the 2010 Soccer World Cup infrastructure spend slump.
South Africa’s largest listed property group Growthpoint (GRT) exceeded its distribution guidance for the current financial year‚ helped by new acquisitions and a weaker rand.
Financial services group Vunani (VUN) made an R8.4m pretax loss in the half-year to June if the sale of its property asset management business is stripped from the total. But‚ if the property business‚ Vunani Propert...
It seems perennial underperformer South Africa Corporate Real Estate Fund (SAC) has finally turned the corner after completing internalisation of its management company.
THE expected handover of more than a million title deeds to owners of subsidised houses during the next five years could speed up the opening of the formal property market in areas like Soweto.
SA Corporate Real Estate Fund (SAC) has declared an interim distribution of 17.68c per unit‚ up 8.6% from the year-earlier period‚ the company announced on Tuesday.
Compared with the previous interim period distribution grew 7.3%.
THE Port Elizabeth High Court has dismissed an application brought by Irish businessman Ken Denton’s Ummi Properties for summary judgment against Brazilia Fusion Restaurant to evict the eatery as a result of ...
Hotel group Sun International (SUI) said on Monday that adjusted headline earnings per share (HEPS) fell 7.3% in the year ended June with headline earnings down 24% to R530m.
Revenue for the year was 5.4% ahead of last year at R10.8bn‚...
Texton Property Fund (TEX)‚ formerly Vunani Property Investment Fund‚ said on Monday it had increased its distribution per share by 10.6% to 85.47c in the year ended June from 77.25c in the year-earlier period.
REDEFINE Properties’ prolonged effort to take over Fountainhead Property Trust has collapsed after the company failed to win over enough shareholder support.
Fountainhead agreed in July, subject to unitholder support, to sell all of...
A number of trucks, construction machinery, vehicles and loose assets come under the hammer when SA Auction Group hosts an online auction of disposals and voluntary surrenders next week.
HOTEL-focused real estate investment trust Hospitality Property Fund’s shares declined 3.11% to R4.98 yesterday despite beating its forecast distribution growth for the year ended June.
Hospitality Property Fund (HPB‚ HPA) has delivered a 14.5% increase in its distribution per combined linked unit to 174.80c in the year to June‚ exceeding its own forecasts.
Rental income was up 19.6% to R426.2m‚ the property fund ...
Specialised Real Estate Investment Trust (Reit) Hospitality (HPA‚ HPB) posted distribution growth of 14.5% for the year to June‚ blasting growth expectations by 4%.
LISTED property share prices have rallied about 5% over the past two weeks, on better than expected results reported by real estate counters this month.
A number of property stocks such as Resilient Property Income Fund, Fortress Incom...
Sun International (SUI) on Monday teamed up with Thailand-listed leisure conglomerate Minor International (MINT) in a R661m deal that allows the South African gaming giant to markedly reduce its exposure to African hote...
Sun International (SUI) plans to sell a portion of its interests in its African assets to a foreign subsidiary of Thailand-listed Minor International Public Co (Mint) for R664m.
The gaming and leisure giant said on Monday the proposed de...
CITY Lodge Hotels has set aside R475m to build two new hotels in East Africa, and is looking for other opportunities to add hotels in capital cities across East and Southern Africa, the company said on Friday.
THE accident at the Baywest Mall construction site on the outskirts of Port Elizabeth, in which a worker was critically injured, has been attributed to strong winds.
In a statement released yesterday, Murray & Roberts Buildings ma...
Des de Beer and his team’s ability to make money for Resilient shareholders consistently, come rain or shine, is underscored by the stellar 20,9% uplift in income payouts achieved for the year to June.
PARLIAMENT recently passed a bill that will have a devastating effect on property rights and foreign investment if it is signed into law by President Jacob Zuma. In terms of the Private Security Industry Regulation Am...
Vunani Property Investment Fund (VPF) announced on Thursday that it had
acquired the office block‚ Edcon Place‚ located in the Johannesburg CBD for
R150.47m.
JSE-listed Emira Property Fund continued to gain momentum in the year to August, growing its distributions per share 7.5%, it reported in its financial results yesterday.
This was up from its half-year distribution growth of 6.5%.
