LOCAL property companies looking to expand into Africa should consider doing so via joint ventures with seasoned developers on the continent, such as Atterbury, Alternative Real Estate fund manager Maurice Shapiro said on Thursday

Thursday, 28 June 2012 16:33

GOZ portfolio diversifies further

Growthpoint Properties Australia, a publicly traded ASX listed A-REIT (ASX:GOZ), has agreed to acquire A-Grade Canberra office buildings, 100% leased to the Commonwealth Government. It’s portfolio value has more than doubled over the last three years, from 24 properties valued at AU$662 million in June 2009, to 41 properties worth AU$1,6 billion (approximately ZAR13,5 billion) as a result of these transactions which incude a diversification from both a location and sector perspective

Commercial property in the US, Canada, and Australia outperforms Europe in the first quarter of 2012; this as the UK market adapts with shorter lease terms in order to match business risk and flexibility requirements

Murray & Roberts Holdings says its expected loss for the Gorgon Pioneer Materials Offloading Facility on Barrow Island, Western Australia, has widened by an estimated R520m.

South African retail investment trusts offer better value than their UK and Australian counterparts, according to Angelique de Rauville.

Emira Property Fund has followed its R117m investment in Growthpoint Properties Australia (GOZ) made earlier this year with another R117m investment in the Australian-based real estate investment trust (REIT)

Wednesday, 22 September 2010 02:00

Growthpoint issue 4.3 times over-subscribed

Growthpoint Properties Limited has announced that it has issued R200 million of 3-month senior unsecured commercial paper (CP)

Redefine International says that part of the capital raised in its private placement of units will be used to subscribe for additional shares in Redefine International plc.

Wednesday, 25 August 2010 02:00

Growthpoint distribution up 5.8% to 121.2c

Growthpoint Properties has reported that its distribution growth for the year ended June 2010 increased by 5.8% to 121.2c per linked unit.

Redefine is on track to list its subsidiary, Redefine International, on the JSE on 7 September 2010, providing South African private and institutional investors with the opportunity to utilise Rands to invest in an international portfolio of properties

Page 7 of 10

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