Tuesday, 24 February 2009 02:00

Bleak future for property fund

Listed property fund SA Corporate Real Estate’s year to December results have not been well-received by some analysts because the company’s distribution per unit fell below its forecast.

SA Corporate Real Estate Fund, one of the country’s largest listed property funds, declared an interim distribution of 14,5 cents a unit, which was in line with expectations of management

SA Corporate Real Estate Fund which was reshaped in 2007 into the country’s third largest listed property fund through acquisitions of R4,7 billion, has beaten its distribution forecast for the year

The latest interest rate hike has prompted potential investors to take a further closer look at debt levels among South African listed real estate companies, says Craig Ewin, head of listed real estate at Old Mutual Investment Group Property Investments

The South African listed real estate sector is likely to see foreign investment increase from the current low 3%, says Craig Ewin, CEO of SA Corporate Real Estate Fund, the country’s third largest listed real estate fund

Wednesday, 24 October 2007 02:00

SA Corporate buys 25% in Namibia-based Oryx

SA Corporate Real Estate Fund has bought a 25% stake in Oryx Properties

SA Corporate Real Estate Fund, managed by Old Mutual Investment Group Property Investments (OMIGPI), has renegotiated its debt and reduced its effective cost of funding by over 40 basis points

Wednesday, 05 September 2007 02:00

SA listed property looks offshore

The plunge in the prices of listed property in the UK and Europe since the beginning of the year offers opportunities for South African listed property companies looking for offshore investments

The Competition Tribunal had approved SA Corporate Real Estate Fund's R965 million acquisition of the Buffcol portfolio of 40 mainly industrial properties

Tuesday, 04 September 2007 02:00

Punters turn to greener pastures

The latest round of results from listed property funds confirm that the sector has more than delivered on its earnings growth promises

Page 1 of 3

Most Popular

November non-residential building statistics release could point to weakening in commercial space building activity in 2022.

Jan 24, 2022
John_LoosFNB
The StatsSA November 2021 release of non-residential building plans pointed to early…

Vantage Capital arranges R430 million of mezzanine funding for Collins Residential, one of South Africa’s largest residential developers

Jan 24, 2022
Murray-Collins-1024x684
Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager,…

SARB to hike the repo rate at the next MPC meeting

Jan 24, 2022
Lesetja_Kganyago (1)
The SARB’s Monetary Policy Committee is set to increase the repo rate this week,…

November 2021 Hotel Accommodation Statistics

Jan 24, 2022
John_LoosFNB
November hotel revenues - strong year-on-year growth off a low 2020 base, but still far…

Banks’ appetite for home loans to remain robust in 2022

Jan 20, 2022
Rhys_Dyer_Ooba (1)
According to statistics from ooba, South Africa’s foremost home loan comparison service,…

Please publish modules in offcanvas position.