JHI Properties was recently awarded the management contract for additional properties recently acquired by the Arrowhead Property Fund. 

A total of just over 17 million A and B linked units were issued for a combined consideration of R14.60, raising gross proceeds of R250 million.

Arrowhead Properties has concluded an agreement to acquire Indite Property Fund, a 100% black owned and black managed property fund, as part of their growth and broader Black Economic Empowerment strategies, aligning the company with the SA Property Charter. 

Arrowhead Properties, the only JSE listed property company to pay quarterly distributions, has over the past few months made significant progress in its acquisition strategy aimed at growing the portfolio by R660 million, 30% in its current financial year.

Arrowhead Properties, the only JSE listed property loan stock company to pay quarterly distributions, reported an excellent maiden set of annual results to the year ended 30 September 2012 having exceeded their pre-listing objectives and forecasts.

Arrowhead, the only JSE listed property company to pay quarterly distributions, has announced its fourth and final distribution for the year ended 30 September 2012. The Company achieved an annualised distribution of 100,58 cents per combined A and B linked units which is 2,2% ahead of the forecast of 98,38 cents set out in the pre-listing statement.

Arrowhead Properties is a property loan stock company holding a diverse portfolio of around 100 properties throughout South Africa and has released its first set of interim results for the 6 months ending March 2012

For the six months ended 29 February 2012 and on a comparable recurring income basis, a total distribution growth of 6.6% on the prior period occurred

Arrowhead Properties, listed on the JSE in November, is to acquire a portfolio of office buildings from Growthpoint Properties for R167,6m based on a yield of 11%.

Tuesday, 28 February 2012 02:00

Leissner resigns from Redefine

Gerald Leissner, Redefine independent non-executive director, resigns from the board

Page 8 of 9

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