Five new stores open at Pearls Mall

Pearls Mall in Umhlanga, KZN has made five new additions to its shopping centre. The new additions include: authentic Japanese restaurant Daruma, Pearls Pharmacy, Camelot Spa, The Institute of Aesthetic Options day clinic, and Lou Harvey.

28 Nov 2017

Mall of Africa to use KaChing

The Mall of Africa has utilised KaChing to enable its customers to pay for parking. KaChing allows parking customers to use flexible payment options such as pre-pay, top up and credit card payment to securely pay for their parking. The system uses automatic number plate recognition cameras and...

1 Nov 2017

Pam Golding Property to market Zanzibar Amber Resort

The Pam Golding Property group has been appointed to market apartments and villas of Zanzibar Amber Resort. Zanzibar Amber Resort is intended to be a tropical community on the coast of East Africa that will include a vast array of options and facilities after its completion. Some of the...

28 Jul 2017

LexisNexis South Africa to acquire Korbitec

LexisNexis South Africa, part of RELX Group, has agreed to purchase Korbitec from the Naspers Group for an undisclosed amount. The transaction is subject to approval by the South African Competition Commission. Korbitec provides content-enabled workflow solutions for South African property...

25 Jun 2015

Arrowhead Properties chairman steps down

Property loan stock company Arrowhead Properties said on Thursday, 18 June, Taffy Adler had stepped down as chairman of its board. But Arrowhead said Adler would remain on the board as an independent non-executive director. Independent non-executive director Matthew Nell would replace Taffy Adler as...

22 Jun 2015

Sirius to acquire German property portfolio EUR58m

Sirius Real Estate said on Thursday it planned to acquire the mixed-use German property portfolio for EUR58m. The Germany-based group‚ which listed on the JSE's AltX last December‚ said it planned to fund the deal through the issue of new shares to raise EUR50m. The balance would be settled...

4 Jun 2015

Safari expects FY distribution to grow between 60% and 75%

Safari Investments, which focuses on township shopping malls, said on Wednesday it expected to boost its distribution per share for the year ended March 2015 to be between 32 cents and 35 cents, being an increase of between 60% and 75% from the previous corresponding period. For the period under...

3 Jun 2015

Emira Property CEO James Templeton resigns

Emira Property (EMI) on Monday advised that its CEO‚ James Templeton‚ has resigned with effect from August 31 2015‚ to pursue "personal interests" outside of the listed property sector. "The board acknowledges and thanks Templeton for his dedication and contribution as CEO since July 2004 and...

2 Jun 2015

Delta Property acquires property portfolio for R507m

Delta Property Fund (DLT) said on Tuesday it had acquired 15 property portfolio for R507m in a deal that will help diversify its geographic spread. The property fund said the agreement offered redevelopment and letting opportunities that could lead to further value extraction for its...

2 Jun 2015

Atlantic Leaf raises R567.5m in private placement

Atlantic Leaf Properties said on Tuesday it had successfully raised R567.5 million by way of a private placement of Atlantic Leaf shares to invited investors. Through the private placement, the company has placed 27.63 million new Atlantic Leaf shares with investors. "The proceeds raised from...

2 Jun 2015

Atlantic Leaf board approves new share issue, listing

Atlantic Leaf Properties revealed on Wednesday that its board had approved the issuing and listing of up to 100 million new shares, as the group seeks to bulk up its property portfolio. It said the price of new shares will not be less than the net asset value per Atlantic Leaf share at the time...

28 May 2015

Tsogo Sun FY adjusted HEPS slip 1% to R1.75

Tsogo Sun (TSH) on Thursday reported a 1% drop in full-year adjusted headline earning per share to R1.75‚ citing the effect of development projects on its performance. The gaming and hotels group said it had spent R5.9bn in the year to March as part of its growth strategy. This capital...

22 May 2015

Redefine International refinances German retail portfolio

Redefine International (RPL) said on Wednesday it had completed the first part of the refinancing relating to the EUR156.8 German retail property portfolio acquired in a joint venture with Redefine Properties. At the same time‚ Redefine International said it had reached a deal with Redefine...

6 May 2015

Octodec H1 distributions up 9.3% to 96.8c per share

Octodec Investments (OCT) on Monday reported a 9.3% rise in distributions to 96.8c per share in the six months to February from the year-earlier period. The company‚ which focuses mainly on Gauteng's inner-city markets‚ said net rental income from properties lifted to R443.67m from...

4 May 2015

Ingenuity expects H1 EPS between 215% and 235% up

Ingenuity Property Investments said on Wednesday it expected its first-half earnings per share to grow over 200%. For the six months ended February 2015, Ingenuity expects earnings per share of between 6.5 cents and 7.5 cents, which is an increase of between 215% and 235% over the prior...

22 Apr 2015

Rebosis Property reports H1 distribution growth of 8.2%

Rebosis Property Fund (REB) on Thursday reported first-half distribution growth of 8.2%. Rebosis declared an interim distribution of 52.46c for the period to end-February. The fund's portfolio primarily consists of early-stage‚ regionally dominant shopping centres and large‚ single-tenanted...

16 Apr 2015

Delta International Property Holdings acquires property in Maputo

Delta International Property Holdings (DLI) has acquired the Vodacom building and the Zimpeto Square shopping centre in Maputo‚ Mozambique‚ through a private share placement‚ the group announced on Wednesday. The private placement would entail about 26-million new ordinary shares to raise up to...

15 Apr 2015

New Frontier Properties H2 HEPS 1 US cent

New Frontier Properties' (NFP) basic loss per share amounted to 17 US cents and the basic headline earnings per share was 1 US cent in the six months ended 31 December 2014‚ the company said in a statement on Tuesday. New Frontier is incorporated in Mauritius and has its primary listing on the...

15 Apr 2015

Mauritius exchange approve new Delta shares

Pan-African property group Delta International Property said on Tuesday it was pleased to announce that the Stock Exchange of Mauritius had approved the placing, issue and listing of up to 29 million additional ordinary shares of Delta on the exchange. In a private placement, the price of new...

8 Apr 2015

Attacq H1 HEPS 15c per share from 12.6c loss

Property group Attacq (ATT) reported on Monday that headline earnings per share (HEPS) to end December rose to 15c from a loss of 12.6c in the year-earlier period. Profit for the period was R359.8m from R361m at end-December 2013. Headline earnings rose to R110.8m from a R66.2m loss previously....

17 Mar 2015

Last hurdle in Growthpoint-Acucap deal is cleared

Growthpoint Properties and Acucap Properties have cleared the last hurdle in a deal that will give Growthpoint control of Acucap. The R8.3bn deal would increase the size of Growthpoint's South African property portfolio to just more than R72bn. Acucap owns several regional shopping centres‚...

16 Mar 2015

76% of Putprop investors subscribe to rights issue

Listed property investment group Putprop said on Monday only 76% of shareholders subscribed to its rights issue. Putprop announced earlier last month that it planned to raise R100.039 million, by issuing 15.879 million share at 6.30 apiece. On Monday, the company said 11.99 million rights...

11 Mar 2015

Eskom has issued a load-shedding alert

Eskom has announced South Africans could be in for another bout of load shedding. It made the announcement this morning.

6 Mar 2015

Ascension boosts H1 A-linked and B-linked distribution

Office-focused property group Ascension Properties on Monday reported an increase in half-year distribution by 5% for A-linked holders and 8.9% for B-linked holders. For the six months to December 2014, Ascension boosted its distribution to 20.94750 cents per A-linked unit from 19.95 cents, in...

3 Mar 2015

Delta expects FY distribution to rise 15.01% and 16.93%

Delta Property Fund said on Monday it expected its full-year distribution to increase by between 15.01% and 16.93%. In a trading statement, the property group said its distribution per share for the year ended February 2015 will be between 15.01% and 16.93% higher than for the year ended February...

3 Mar 2015

Competition Commission approves Growthpoint-Acucap deal
Competition Commission approves Growthpoint-Acucap deal

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 had yet to give the deal its blessing. Early last week, Acucap...

2 Mar 2015

Intu FY underlying earnings up 15% to GBP162m

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 JSE-listed owner of some of the UK's largest malls said on Friday that the £855m deal contributed £27m to the...

27 Feb 2015

Hospitality H1 distributable earnings per combined linked unit down 7.4% to 82.45c

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‚ consistent with the forecast and the distribution policy. The...

26 Feb 2015

Property group Arrowhead plans to raise equity of R500m

Property group Arrowhead (AWA) announced on Wednesday it plans to raise equity of R500m. The equity raise would be implemented through an accelerated book-build process‚ which was now open. The company said it reserved the right to close it at any time. Applications were subject to a minimum...

19 Feb 2015

Emira H1 distributable income up 13% to R330m

Emira Property Fund (EMI) has delivered a 13% increase in distributable income to R330m in the six months to December from the year-earlier period. The fund said on Wednesday that acquisitions‚ contractual escalations on the bulk of the portfolio and stringent cost control contributed to...

18 Feb 2015

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