Lease-back sales are fast gaining traction in the South African marketplace, now a preferred option for many commercial and industrial property owners and an increasingly popular component of company financial management.

Property hybrid Tradehold makes a big play for local property by acquiring the R6.2bn South African portfolio of the Collins Property Group.

Aveng has concluded the sale of the majority of its South African properties to Imbali Props 21 Proprietary Limited (“Imbali Props 21”), a commercial property development and investment company within the Collins Property Group, for R1.127 billion.

Aveng Limited disposes of 70% of its industrial property portfolio in a R1,1bn sale and leaseback transaction to Imbali Props 21, an entity of the Collins Property Group.

Rental upliftment on new industrial leases signed by SA Corporate Real Estate Fund in the six months to June 30 is very encouraging, says Craig Ewin, CEO of SA Corporate

SA Corporate Real Estate will fund its R1bn Buffcol portfolio purchase by issuing 244,180,780 units at 395c a unit

SA Corporate Real Estate Fund said today it would fund the R1 billion Buffcol portfolio of 40 primarily industrial properties from the Collins Property Group through an earnings-enhancing issue of 244 180 780 units at a clean price of 395 cents a unit

A due diligence investigation of the portfolio is under way

Thursday, 14 October 2004 02:00

Redefine buys office, industrial properties

Listed property loan stock company Redefine Income Fund said yesterday that it had purchased nine properties with long leases from the Collins Property Group for R252,5m at a forward yield of 10,7%.

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