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There are a few significant changes on the cards for the South African property sector in 2017.
Investec Australia Property Fund (“IAPF” or the “Fund”) is pleased to announce an interim distribution of 4.81 cents per unit pre withholding tax (“WHT”) and 4.64 cents per unit post WHT for the six months to 30 September 2016.This represents growth of 6.0% pre WHT and 8.7% post WHT for the half year.
JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) has harnessed the benefits of a diversified portfolio and operational efficiencies to deliver a solid performance for the full year to end August 2016.
Investec Australia Property Fund (“IAPF” or the “Fund”) today announced the acquisition of a 50% interest in an institutional grade office tower in the heart of the Brisbane CBD with Abacus Property Group (ASX: ABP) for a total purchase price of AUD 132,000,000. Abacus, its management team and majority shareholder are well known to the Fund and the Investec Group.
Spur Corporation’s results for the year to June suggest the pressures facing consumers are being felt most acutely in the lower end of the market.
Murray and Roberts will focus on three core sectors in future — underground mining, oil and gas, and power and water, says group.
SA's listed property companies struggle to find well priced acquisition opportunities and takeovers are becoming more difficult to achieve now as there are no easy targets.
Investec Australia Property Fund announced the acquisition of a three level, A-grade property in Macquarie Park, Sydney for AUD 23,255,000.
Redefine Properties' student housing arm, Respublica, says it is set to grow exponentially when its Australian product comes online in 2019.
Growthpoint will not rush into other emerging markets, but instead bide its time and continue to grow its existing investments in Australia.