OFFSHORE diversification among domestic property stocks continues apace, with sector heavyweight Redefine Properties being the latest among a bevy of South African real estate companies to announce foreign deals in recent m...
THE shopping centre business of UK-based Intu Properties was in the best shape it had been in for the past three years, Intu CE David Fischel said on Friday after the release of a solid set of results for the year.
A RETAIL centre in Carolina attracted the most interest on Wednesday at The High Street Auction Co’s first property auction of the year, and a retail and residential building in Boksburg was knocked down for R35m, the highest price fetched at th...
CAPITAL and Counties (Capco), the UK-based owner of London’s Earls Court and Covent Garden, has lost momentum, with its share price having weakened considerably after initial strong growth last year.
SA and UK-listed Capital and Counties’ (CCO‚ Capco) diluted net asset value grew to 361p per share at the end of 2015 from 311p at the end of 2014‚ the company said on Wednesday.
BDTV: Gaming company shrugs off almost nonexistent sales growth
Sun International CEO Graeme Stephens speaks about half-year results‚ which show a fall in earnings due to tough conditions in SA‚ in this interview conducted on...
SYDNEY - Shopping centre giant Westfield on Wednesday recorded a US$2.3 billion net profit supported by healthy income growth for its US and British assets, as it flagged an August opening for its fully leased World Trade Center development.
REDEFINE Properties will develop industrial assets in Brackenfell, having gained ownership of one of the few tracts of land available for commercial use in the northern suburbs of Cape Town.
Hospitality Property Fund's (HPA) distribution for the six months to December 21 2015 rose 13.8% per combined share to 93.87c per share from 82.45c per share in the comparable period in 2014‚ the group said on Tuesday.
LONDON - InterContinental Hotels Group on Tuesday announced a surge in annual net profits after offloading establishments in Paris and Hong Kong, while a solid underlying performance resulted in large dividend payouts.
OME fund managers are allocating new money to offshorefocused listed property investments only this year because they expect the potential returns of local vehicles to disappoint.
With domestic real estate’s total return tipped ...
Resilient Reit is putting on ice its plans to build 10 shopping centres in Nigeria, placing it among a growing number of SA companies whose African bets haven’t quite panned out.
Delta Africa (DLA) is set to become Mara Delta next month‚ a R3bn pan-African listed property fund‚ having more than trebled in value since it listed in July 2014.
THE Competition Commission yesterday announced the appointment of a panel for the grocery retail sector market inquiry which is due to tackle the exclusivity of lease agreements at shopping malls — a battle being fought largely among big retail ...
Emira Property Fund (EMI) declared a dividend of 70.34c per share for the six months to December 31 2015‚ up 8.8% from 64.65c in the year-earlier period‚ the fund said on Wednesday.
Wilson Bayly Holmes-Ovcon (WBO) expects its headline earnings per share from continuing operations to increase by between 20% and 25% to between 626c and 652c in the six months ended December 31 from 521.7c in the year-earlier period‚ the buildin...
New Europe Property Investments (Nepi‚ NEP)‚ the JSE-listed owner of shopping centres in Romania‚ achieved a 62% return last year‚ ranking it second-best in the listed property sector.
FORTRESS Income Fund more than doubled its B-share dividend to shareholders in the six months to December, a period in which it also completed the biggest merger in South African listed property history.
Fortress Income Fund (FFA‚ FFB)‚ the best performing property fund of 2015‚ grew its B-unit dividend 101.2% in the six months to December‚ in a watershed period which saw it complete the takeo...
TAINAN - The developer of a 16-storey Taiwan apartment complex that collapsed during a quake was taken in for questioning on Tuesday as rescuers deployed heavy machinery to find 100 people still feared trapped in the rubble.
