Redefine will acquire the entire issue capital of Annuity by way of a scheme of arrangement and its asset and property management companies.
10 Mar 2014 11:10
The Robor building, situated in Barbara Road, Elandsfontein, has been sold to Fountainhead Property Trust in a R570 million lease back deal.
6 Mar 2014 13:45
Construction work is steaming ahead at full swing at the Pavilion Shopping Centre in Durban following the festive season where the foot count of shoppers was phenomenally higher compared to previous years.
Issued by The Pavilion - The Incredible Journey 6 Mar 2014 13:30
Growthpoint Properties‚ the biggest JSE-listed real estate investment trust (Reit) that operates in South Africa‚ managed to grow its distributions 8% to 78.5c per share in the six months to December last year.
By Alistair Anderson 5 Mar 2014 10:18
During Finance Minister Pravin Gordhan's budget speech, he asked the commercial property sector, "Why aren't you honest in the deals you make with government?"
4 Mar 2014 15:29
Melrose Arch Investment Holdings (MAIH) has sold a 25% undivided share in the yield producing assets of the Melrose Arch Precinct to Liberty Group, a wholly-owned division of Liberty Holdings.
4 Mar 2014 10:43
Investec Property, which operates Investec Australia Property Fund (IAPF), has announced that the fund has purchased an A-grade commercial office building in the Garden City Office Park, located 15km south of Brisbane's CBD in one of Queensland's fastest growing precincts. This prime property was purchased for AUD 20.95 million at a yield of 8.25%.
28 Feb 2014 12:01
Shoprite Holdings has committed to a 10-year lease in The Green Precinct at Gosforth Business Park, one of Improvon's flagship developments in Gauteng. Grant Lewington, business development executive of Improvon, has confirmed that Shoprite's lease commenced in January 2014.
25 Feb 2014 10:33
Specialist shopping centre real estate investment trust (Reit) Hyprop Investments reported a distribution of 231c a unit, up by 9.5% increase for the six months to December.
24 Feb 2014 08:02
Construction work at the Pavilion Shopping Centre in Durban has completion of the master development plan scheduled for the end of March 2014.
21 Feb 2014 11:49
Black-controlled Rebosis Property Fund and Delta Property Fund have put their respective take-over bids for Ascension Properties on hold to avert a protracted bidding war for Ascension's lucrative R3.2bn portfolio of government-tenanted offices.
By Joan Muller 14 Feb 2014 10:33
The government is to embark on the second phase of its land audit, aimed at identifying who owns the 79% of privately owned land in SA. The audit will include their nationality and their demographic profile.
By Linda Ensor 13 Feb 2014 11:22
Property developer Safari Investments‚ which plans to list on the JSE next month‚ aims to come to market with assets valued at about R1.3bn.
By Alistair Anderson 12 Feb 2014 09:38
The surprise claims that empowerment fund Ascension Properties has signed agreements to sell its management company simultaneously to Rebosis Property Fund and Delta Property Fund‚ without either of the buyers knowing about the other has left property analysts stunned.
By Joan Muller 11 Feb 2014 06:41
