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JSE diversified REIT - Dipula Income Fund (Dipula) - today reported strong interim growth with a 9,5% increase in distributable earnings on the prior period.
Balwin, South Africa’s largest homebuilder focusing on large scale sectional-title residential estates in high-growth, high-density metropolitan nodes in South Africa’s major cities, this morning announced solid financial results for the year ended 28 February 2017.
"GTC delivered solid results in 2016, several value accretive acquisitions and completions of office projects contributed significant to NAV and NOI growth.
The board of directors has approved the dividend for the quarter ended 31 December 2016.
Shareholders are advised that Mr Maciej Drozd will step down from his position as chief financial officer of EPP and Mr Jacek Bagiński will be appointed in his stead by 31 March 2017.
Growthpoint Properties today announced it will subscribe for an initial 26.9% stake in London Stock Exchange Alternative Investment Market listed Globalworth Real Estate Investment Limited, the largest owner of office space in Romania.
In one of the largest local property transactions of the year, Pivotal shareholders approved the transaction in which JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) will acquire all of the shares in property developer and capital growth fund Pivotal.
Liberty will be managed by an external management company, manco, following its listing in December.
Murray & Roberts and Southern Palace Group today announced the purchase of the Murray & Roberts Southern African Infrastructure & Building (“I&B”) businesses, by a consortium led by the Southern Palace Group of Companies (Proprietary) Limited (“Southern Palace”).
Accelerate conclude pre-agreement with the Supernova Privatstiftung group to acquire a portfolio of 9 well located retail warehouse properties in Austria and Slovakia.