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Arrowhead, the South African JSE listed REIT, released its interim results today in line with guidance, despite a tough local economic and political environment.

Gemgrow Properties, a specialist high yielding, high growth REIT listed on the JSE, today released its maiden interim results.

A doyen of SA’s listed property sector‚ CEO of Arrowhead Properties Gerald Leissner‚ dies.

Wednesday, 07 December 2016 12:56

Arrowhead Properties aims for 2017 acquisitions

Diversified property group Arrowhead Properties has ambitions to make sizable acquisitions in 2017.

Arrowhead, the South African JSE listed REIT, has declared a dividend of 82,55 cents per share for the year ended 30 September 2016.

Vukile Property Fund, Arrowhead Properties and Synergy Income Fund  today announced they have concluded agreements for a landmark transaction that will create a high-yield, high-growth fund within the existing entity of Synergy – to be renamed GemGrow Properties Limited.

Emira Property Fund, which could be taken over by Arrowhead Properties, may receive offers from other suitors.

The Board of Directors of Emira Property Fund has rejected Arrowhead’s unsolicited, non-binding, and highly conditional expression of interest to acquire all of Emira’s issued share capital on the basis that it has no benefit to Emira’s shareholders.

Arrowhead Properties (‘Arrowhead’), the South African JSE listed Real Estate Investment Trust, (‘REIT’) announced today that it has made an expression of interest to acquire all or the majority of the issued share capital of Emira Property Fund Limited (‘Emira’) by means of a scheme of arrangement subject to the satisfactory conclusion of a due diligence investigation in respect of Emira’s forecast income for the 12 months ending 30 June 2017.

Listed-sector interest in residential real estate grows, but only a few funds have managed to build sizeable portfolios.

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