Fairvest Property Holdings Limited today again announced solid results for the six months to December 2018, with interim distributions increasing by 8.3% to 10.616 cents per share. 

Cape Town, 4 September 2018. South Africa’s top performing SA REIT Fairvest Property Holdings Limited (“Fairvest”) today announced solid results for the year to 30 June 2018, with annual distributions increasing by 9.91% to 20.150 cents per share. 

Despite the difficult economic climate South Africa is experiencing at present, Fairvest Property Holdings Limited managed to conclude some 30 lease renewals, or 6 000m² of GLA during the first four months of the new financial year at the budgeted rentals.

Fairvest Property Holdings Limited (“Fairvest”) today announced strong results for the 2017 financial year.

Fairvest Property Holdings Limited (“Fairvest”) today announced another set of strong results for the first six months of the 2017 financial year, with distributions increasing by 9.57% year-on-year.

Fairvest grows distribution 10.29% for the year to June on strong letting and careful cost management.

Fairvest Property Holdings Limited (“Fairvest”) today announced a full year distribution of 16.660 cents per share, which represents a 10.29% increase on the comparable period and again exceeded the guidance previously issued.

Fairvest Property Holdings Limited (“Fairvest”) today announced an interim distribution of 8,171 cents per share, which represents a 10,02% increase on the comparable period, again exceeding the guidance previously issued of between 9% and 10% growth in distribution.

Fairvest Property Holdings has entered into an agreement with Vilhas Property CC to acquire the Shoprite Heidelberg shopping centre rental enterprise as a going concern for R54 954 500.

Niche property investment fund manager, Fairvest Property Holdings Limited announced that it has raised R137 million through a successful vendor placement.

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