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  • Jan 9, 2014 1254 view(s)
    After Growthpoint and Redefine Properties, REDEFINE International stands third in the queue of the South African listed property to launch an American Depository Receipt (ADR) programme and gain access to American investors. Redefine International had already officially announced the ADR in the US on December 31,2013 and then finally broadcasted the scheme on Wednesday. Redefine Properties owns 34% of the Redefine International. The ADR programme functions over the overall US share market. An ADR provides varied security and this also...
  • Jan 1, 2014 1232 view(s)
    As the new year is started so, many sectors may undergo many changes, one of which includes the strengthening process of the South African listed property sector.If we look in the previous year, it was seen that many of the big listed funds were buying the smaller listed funds. Some of this includes Arrowhead which acquired 31% of the Vividend income Fund for R430m in December. While the Vukile Property Fund signed an agreement with the Synergy Income Fund at R338m and acquired 34% part of the fund. Upon this Ian Anderson, the chief officer...
  • Dec 26, 2013 1357 view(s)
    SER sells a part of its property situated at the corner of Bofors Circle and Losack Avenue, Epping Industria II, Capetown to Sactwu Properties. The deal is finalized at R52.2m and the transfer is expected to take place at the end of June 2014.The Sactwu Properties is basically a subsidiary owned by the Southern African Clothing and Textile Workers Union i.e. Satwu. The property can be considered as a mixture of industrial manufacturing complex that measures around 2,0234ha and has a GLA of 18,391 square metres, which is going to be...
  • Dec 24, 2013 194 view(s)
    Since past many days some locations in South Africa were considered as secret locally and are now becoming increasingly popular among overseas buyers. British buyers are going good in terms of holiday deals specially after they have decided to owe some locations. African bush and game reserves are adding a golden feather to this attractive property locations. If we consider the coastal town of Mossel Bay, the holiday homes in the Garden Route coastline are the most beautiful locations and hence the number of buyers are increasing....
  • Dec 20, 2013 204 view(s)
    Growthpoint Properties is one of the largest South African REIT and a JSE ALSI Top 40 Index company. Already owing 393 properties in South Africa, 44 properties in Australia through its investment in GOZ and a 50% interest in the properties at V&A Waterfront, Cape Town, the group one more time going to boom across South Africa as it has acquired one of the largest and the last remaining unused properties for industrial development in Bellville , Cape Town. Extended nearly around nearly 8 hectares, the site is mostly located next to the...
  • Dec 15, 2013 432 view(s)
    Arrowhead Properties on the way to increase its property assets and has reached an agreement with Sasol Pension Fund to acquire the Sasol Building situated in Rosebank.The acquisition will be done at R250 million from which R125 million will be paid on hand and issue of 9 259 260 Arrowhead A and B linked units respectively. The transaction is conditional on the competition commission approval, but the group expects it to be on 1 February 2014.CFO Imraan Suleman from Arrowhead Properties said that “This acquisition is extremely a key...
  • Dec 13, 2013 181 view(s)
    Overall, planning and construction was seen to be increasing by 3% to 4% compared to the same period last year. Flats and townhouses proved to be the best sellers this year. Smaller homes were the most demanding in the residential property sector in the initial 10 months of this year - said by ABSA, home loan division on Thursday.“In regards to the growth of the residential property sector flats and townhouses were best performing till October this year,” said Jacques du Toit, a property analyst in a statement.   Du...
  • Dec 13, 2013 169 view(s)
    After increasing their investments in Fountainhead, Redefine once again to increase it portfolio by acquiring the Weston Favell Shopping Centre at an amount of £84 million from Aviva located in Northampton, UK. The property comprises of around 307,763 square feet of retail accommodation for next two floors along with 1,150 free parking spaces.Redefine is already primarily listed on the London Stock Exchange and secondarily on the JSE. RPL has started trading as a real UK real estate investment trust on both of the platforms earlier in...
  • Dec 10, 2013 156 view(s)
    Arrowhead Properties increased its property assets by acquiring a property enterprise and its related stationary properties situated at the 55‚ 57 and 59 Glover Road‚ Honeypark Extension 20 in Honeydew on the West Rand‚ from Standard Bank at an amount of R150m and the group’s total residential assets would be around R550m after the Jika acquisition. The stationary properties include 333 residential units, all of them belongs to Monash SA in terms of a triple net lease. Monash in turn enlists the units to those...
  • Dec 6, 2013 159 view(s)
    Vukile Property Fund- a JSE listed real estate investment fund announced on Thursday that it has signed a contract amounting R338m  with Synergy Income Fund and will achieve its 34% of linked units. The party holds a varied portfolio of 81 property assets amounting R10.3bn having a market capitalisation of R8.1bn.The Synergy Income Fund is an internally managed property loan stock company. It has A and B unit structures where A-linked unitholders receive preferential distribution over B-linked unitholders. The retail assets of the Fund...
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