News Search

Thursday, 20 October 2016 13:19

Caution first over Brexit uncertainty

Value of shopping centre owner New Frontier Properties' assets has been under pressure.

Rebosis Property Fund, the JSE’s first listed black-managed REIT, today released robust interim financial results for the six months ended 29 February 2016.

UK REIT New Frontier Properties reported a recurring profit of £2,232,000 for the period which is slightly ahead of expectations after taking into account the timing of the purchase of The Houndshill Shopping Centre in Blackpool part way through the period.

New Frontier Properties announce it has acquired the retail shopping centre known as Houndshill Shopping Centre located in Blackpool, United Kingdom from a third party vendor, for an approximate aggregate consideration of £105 million. 

Severe market conditions particularly in the UK, saw CIREF - Corovest International’s property fund listed on the London Stock Exchange AIM Market - reporting a net loss of R406,6 million (£25,9 million) for the year to September 2008

Most Popular

Malcolm Horne has been appointed President of the South African Council of Shopping Centres

Jun 21, 2017
2017 SACSC President Malcom Horne
Group CEO of Broll Property Group, Malcolm Horne has been appointment President of the…

From building houses to building futures: It’s time to take affordable housing in SA to the next level

Jun 22, 2017
Leanne Govender
There can be no arguing against the fact that the provision of affordable housing is a…

Rebosis Property Fund CEO steps down and takes up Deputy Chairperson position

Jun 21, 2017
Sisa Ngebulana Rebosis
Rebosis herewith announces some key leadership changes to the CEO and Board that will…

Redefine Properties sells Delta stake to women-led BEE consortium

Jul 04, 2017
Phumzile Langeni
JSE-listed diversified real estate investment trust Redefine Properties has sold its…

Substantial development for Salt River's Brickfield Road

Jun 27, 2017
13 Brickfield
Pockets of Salt River, once a booming part of Cape Town due to its proximity to the CBD,…