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Fairvest Property Holdings Limited (“Fairvest”) today announced another set of strong results for the first six months of the 2017 financial year, with distributions increasing by 9.57% year-on-year.
Vukile is turning its attention to an offshore expansion, says company.
Nearly a third of all South African listed REITS (real estate investment trusts) can be counted among the JSE’s 100 most empowered companies in 2016.
Fairvest grows distribution 10.29% for the year to June on strong letting and careful cost management.
Fairvest Property Holdings Limited (“Fairvest”) today announced a full year distribution of 16.660 cents per share, which represents a 10.29% increase on the comparable period and again exceeded the guidance previously issued.
Fairvest Property Holdings Limited (“Fairvest”) today announced an interim distribution of 8,171 cents per share, which represents a 10,02% increase on the comparable period, again exceeding the guidance previously issued of between 9% and 10% growth in distribution.
Fairvest Property Holdings has entered into an agreement with Vilhas Property CC to acquire the Shoprite Heidelberg shopping centre rental enterprise as a going concern for R54 954 500.
Retail-oriented property fund Fairvest Property Holdings enters into an agreement with Born Free Investments 385 to acquire rental enterprises for R133m.
Vukile Property Fund has more than doubled the value of its directly held South African real estate assets over the past three years from R6.1 billion to R15.2 billion currently, with retail properties accounting for over R10.5 billion or 70% of its portfolio.
Fairvest is gaining a reputation as one of the more adventurous property shoppers.