Decreasing the listed Delta Property Fund’s gearing in a tough economic environment in which commentators expect interest rates to rise later this year.

Delta Property Fund (“Delta” or “the Fund”), a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported solid results for the financial year ended 29 February 2016.

Redefine Properties (JSE: RDF) has reported a 6.9% increase to 41.7 cents a share in the distribution for the six months to end February 2016.

The latest research from JLL South Africa shows that the trend in commercial property investment activity in South Africa in the past year has been one of managing risk and avoiding loss in the South African economy, increasing the preference to hold property as opposed to cash reserves.

Tower’s wobbly share price not a true reflection of group’s meteoric rise.

Resilient Reit is putting on ice its plans to build 10 shopping centres in Nigeria.

Delta Africa successfully acquired and transferred US$ 51.3 million of assets during the reporting period for the 6 months to 31 December 2015.

Women’s Property Network (WPN) will host their second annual Leadership Conference on the 12th February.

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

Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, announced that it has entered into an agreement with Redefine Properties Limited for the acquisition of 15 government tenanted commercial offices.

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