ApexHi A and B unit investors are expected to benefit from the proposed purchase of Prima Property Trust, which will boost the company’s market cap to in excess of R5-billion, reduce vacancies, and increase the portfolio’s exposure to the buoyant retail sector.

Renewal follows successful year of leasing deals

Broll Nigeria has secured a five-year tender to provide property management services for the first-ever regional shopping centre in Lagos, Nigeria, The Palms Shopping Centre.

Positive letting activity positions ApexHi ahead of target.

Property services company Broll Property Group announced yesterday that it had been awarded a contract to introduce a facilities and property management solution to up to 594 fuel stations across Nigeria.

41% of annual leasing target achieved in three months

Furthering its strategy of growth through acquisition, Prima Property Trust today announced its purchase of a portfolio of properties for R82 million from Ellerine Holdings.

Prima Property Trust has agreed to purchase a portfolio of 45 properties from Ellerine Bros for R198,1 million, at a yield of 13,7% in its largest single acquisition to date. This transaction is effective 1 October 2004.

The Joint Municipal Pension Fund has awarded the management of its property portfolio, worth more than R500m and including 30 properties with more than 210000m² of lettable area, to Broll Property Group.