Black-owned real estate investment trust Rebosis Property Fund finally secures Ascension Properties as a subsidiary, enabling it to expand its office portfolio.

Rebosis Property Fund reports solid annual financial results for the year ended 31 August 2014, ahead of its forecast range and market consensus.

Collapse of yet another proposed multibillion rand merger in the R300bn listed property sector raises renewed questions on whether consolidation is necessarily in shareholders' best interests.

Ascension Properties beat its portfolio growth target in its year ended June, with its property portfolio growing 46% to R3.7bn.

Rebosis Property Fund is in 'no rush' to decide on a full takeover of the company after a three-way merger collapsed.

Thursday, 22 May 2014 18:30

Merged property funds would have muscle

Proposed 3-way merger between Rebosis,Delta and Ascension will create the first sizable black-managed property portfolio to rank among the R280bn listed property sector's top 10 companies in terms of size.

Sandile Nomvete's Delta Property Fund brings the first outright African real estate offering to the JSE market next month.

Delta's full year provisional results outperform market guidance and reveal a year of exceptional growth

Rebosis Property Fund continues the property sector's better than expected earnings streak.

Refurbishments and upgrades enhance property values, reduce vacancies

Page 2 of 4

Please publish modules in offcanvas position.