Pundits see ‘correction’ occurring in listed property
Performance of listed property tends to track performance of bonds, both of which are income-generating investmentsDelta aims to bed down acquisitions
Delta Property Fund CEO Sandile Nomvete says the portfolio value has more than doubled since November
Hyprop converts R648m in bank loans into bonds
Hyprop Investments announce a "favourable" restructuring of its debt facilities, with the conversion of R648m in conventional bank loans into debt capital market funding
Delta Property Fund meets distribution forecast
Black-managed listed fund achieves maiden distribution of 23.69c per linked unit, reports 96% occupancy rate and completes R1bn rights offer to fund further acquisitions
Redefine shifts focus from debt reduction to growth
Redefine Properties International says it can now look forward to growth after a period focused on debt restructuring
Property groups turn focus to cutting debt
Cheap funding means firms can work on the quality of their portfolios, writes Nick Hedley
Premium benefits from upgrades, higher-quality tenants
Premium Properties’ unit price rallies to close at R19.50 after the company reports distribution growth of 9% to 126.2c per linked unit for the year ended February
Coupon on Hyprop’s planned R1bn loans ‘debatable ’
The company will sell R450m of five-year notes in a private placement by the end of the week and issue R500m of similar debt next year
Rebosis CEO upbeat as interim distribution grows
Rebosis Property Fund reports 3.5% distribution growth for six months ended February
Investec Property Fund’s new buys add diversity
Investec Property Fund has acquired five properties for R318m, in line with its strategy to acquire good, sustainable and well-located properties
Prominent listed property manager dies
Mariette Warner was a leading figure who helped raise the profile of listed property among investors, says Absa Asset Management MD Busisa Jiya
Commercial property ‘offers attractive returns’
Local commercial property offers better value for potential investors than the money and capital markets, according to Business Partners executive director Gerrie van Biljon
Redefine makes profit selling part of stake in Australia’s Cromwell
London-listed Redefine International realises A$19m profit reducing stake in Cromwell to 16% from 22%, in line with policy of recycling capital
Tread lightly in housing market
Interest rates might be low now but will inevitably rise - and put strain on those with too much debt
Redefine hails JSE ruling against Growthpoint
The JSE has declined Growthpoint Properties’ request for a ruling that Redefine be precluded from voting on all resolutions relating to Growthpoint’s bid for Fountainhead’s R10bn portfolio
GoGlobal Properties to list on AltX next week
It expects its primary listing in Bermuda to provide access to ‘a global investor base of managed funds, high net worth individuals and other sources of capital’
GoGlobal Properties to list on AltX next week
It expects its primary listing in Bermuda to provide access to ‘a global investor base of managed funds, high net worth individuals and other sources of capital’
Capital to convert racecourse into logistics park
The property’s 5km proximity to the new Durban port is expected to ‘prove attractive to the likes of freight and logistics companies’
Listed property ‘has helped boost portfolio returns’
Sector offers opportunities to investors looking for steady income stream
- Property heavyweights look set to slug it out over retail prize
- Ingenuity to buy nine prime Cape Town properties
- Vividend payout up 10% with growth in portfolio
- Bryanston property development lures professionals
- Reit regime is incentive for property companies to list on JSE
- Dipula to pay R559m for retail properties
- Reit structure will bring clarity, increase interest
- Vukile, Encha conclude ‘significant’ R1.4bn BEE property deal
- Office space under pressure in year ahead
- Vividend eyes R483m Access Park acquisition
- New property investment structure welcomed
- ‘Efficient’ Vunani posts 24.4% rise in distributions
- Growthpoint ups Fountainhead bid as Redefine talks near end
- SA Corporate reports 4.6% distribution growth
- Rebosis: a heavyweight among black-run funds
- MAS intent on raising further capital for acquisitions
- Cities grapple with valuations mess
- Redefine, Fountainhead talks a conflict, says Growthpoint
- Emira Property Fund in commercial paper re-issue
- Klerksdorp residents angry over Growthpoint’s opposition to new mall
- Arrowhead plans to grow portfolio and earnings
- Vunani’s distributions increase in ‘toughest period in fund’s history’
- Drop in vacancies lifts Emira’s distribution
- Rebosis raises funds to boost balance sheet
- Mergers tipped to follow property listings surge
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