Thursday, 14 November 2002 10:01

Fairvest pulls off R420m property acquisition.

PROPERTY loan stock company Fairvest has pulled off its R420m property portfolio acquisition by using a complicated financial technique that essentially defers a substantial portion of payment to vendors.

THE R420m Daisy Street acquisition by property loan stock company Fairvest has brought some radical changes for the group.

Monday, 01 April 2002 03:01

More listing activity for 2002

 

 

As we entered the new century, the two JSE listed property investment sectors, namely the Property Unit Trust sector and the Property Loan Stock sector, had market capitalization of R4.92bn and R3.86bn respectively. Since then the market capitalization for the two sectors has grown from R8.78bn to R12.77bn – a growth of 45% in capitalization over the period.

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