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JSE-listed diversified real estate investment trust Redefine Properties has sold its 22.8% stake in Delta Properties to a women-led BEE consortium in a R1.45 billion vendor funded transaction.
The Women’s Property Network (WPN) was established in early 2000 to create a forum for women in a predominantly male industry to join together to exchange information, develop business contacts and enhance professional success.
Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported sound results for the financial year ended 28 February 2017, declaring a dividend of 97.24 cents per share, up 7,1% on the prior financial year and in line with the Group’s growth forecast.
Real estate consulting firm, JLL SSA, has released its 2016 Investment Review of the South African property market with analysis reporting a R28.8bn increase in investment (from 18,5bn in 2015), and a similar 52.8% increase in gross lettable area (2 million square metres).
Women’s Property Network (WPN) will host their third annual Leadership Conference on the 10th February.
Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported solid interim results for the six months ended 31 August 2016.
Delta Property Fund is coming under pressure as it struggles to impress investors given its mostly government-tenanted office portfolio.
Mara Delta (formerly Delta Africa), the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, announced that it is has earmarked a further US$ 110 million for investment into Mozambique.
Women continue to make inroads into the traditionally male-dominated South African property industry.
Vukile Property Fund CEO Laurence Rapp says his fund is on track to have more than 90% of its portfolio in top quality retail assets, and to receive a rerating.