Proposed merger between Capital Propfund (Pty) Ltd and Vacant immovable property to be known as Erf 2551 Louwlardia, Extension 74 Township (Target Property).

The SA Listed Property Index (SAPY) recorded a negative total return (-0.50%) for the month ended 30 November 2015. 

The biggest merger in the history of the South African listed property sector is going ahead, with Fortress Income Fund finalising the acquisition of Capital Property Fund.

South African listed property once again ranked high among the country’s top companies earning the most for shareholders.

South African listed property holds its own compared with other global regions so far this year but economic pressures are set to bring volatility to bear on property markets worldwide.

While SA's listed property index is set to come under pressure during the rest of the year‚ certain companies are standing out as top performers.

Capital Property Fund and Fortress Income Fund merger gets tribunal approval.

Wednesday, 09 September 2015 11:10

UK portfolio helps Redefine International bulk up

Redefine International, the London and JSE-listed diversified property fund, acquires a R10bn property portfolio in the UK as it aggressively builds up its asset base.

Fortress Income Fund is no longer planning to spin off Capital Property Fund’s office portfolio into a separate listing.

According to Catalyst Fund Managers, the SA Listed Property Index (SAPY) recorded a positive return of 5.14% for the month ended July 2015.

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