Collapse of yet another proposed multibillion rand merger in the R300bn listed property sector raises renewed questions on whether consolidation is necessarily in shareholders' best interests.

Redefine Properties' prolonged effort to take over Fountainhead Property Trust collapses after the company failed to win over enough shareholder support.

Fountainhead Property Trust has agreed to sell to Redefine Properties all of its assets, including the Fountainhead property portfolio, in exchange for 82 Redefine shares for every 100 Fountainhead units held.

Rebosis Property Fund is in 'no rush' to decide on a full takeover of the company after a three-way merger collapsed.

Wednesday, 25 June 2014 14:15

Fountainhead to dispose of 27 properties

Fountainhead Property Trust, which is managed and 66% owned by Redefine Properties, this week released 27 of its relatively smaller properties to the market.

Thursday, 22 May 2014 18:30

Merged property funds would have muscle

Proposed 3-way merger between Rebosis,Delta and Ascension will create the first sizable black-managed property portfolio to rank among the R280bn listed property sector's top 10 companies in terms of size.

Redefine Properties has delivered an 8% increase in its distribution per unit to 36.40c in the six months to February compared with the year-earlier period.

Fountainhead Property Trust today declared an interim distribution of 29 cents per unit for the six-month period to 28 February 2014, representing distribution growth of 11% from the first half last year.

Monday, 24 March 2014 21:13

Property acquisitions can be overdone

Smaller property funds are finding it difficult to compete in making acquisitions because of the increased cost of funding, this makes them targets for takeover by larger rivals.

Thursday, 13 March 2014 08:46

Fountainhead financial director resigns

Fountainhead says that Aaron Suckerman has resigned as its financial director to pursue other interests within the property industry.

Page 2 of 6

Most Popular

Rebosis Property Fund retail portfolio delivers excellent operational performance despite a tough market

Nov 11, 2019
Sisa Ngebulana REBOSIS
Rebosis Property Fund, the JSE’s first listed black-managed REIT, today reported its…

Massive property auction on behalf of Telkom

Nov 11, 2019
Agricultural Land Beaufort West
GoIndustry DoveBid SA (GoIndustry) is hosting a massive property auction on behalf of…

African Union for Housing Finance (AUHF) Cape Town declaration provides 5 point plan for african governments to address housing finance shortage

Nov 14, 2019
African Union of Housing Finance
Following the successful completion of their 35th Annual Conference, the members of the…

10 SA REITs are among South Africa’s top listed companies

Nov 15, 2019
Estienne de Klerk SA REIT Chairman
South African REITs (real estate investment trusts) have once again excelled among the…

Balwin Properties Limited marks success of Sub-Saharan Africa’s only Crystal Lagoons amenity

Nov 11, 2019
DJI copy
Balwin Properties Limited (Balwin) in conjunction with Crystal Lagoons B.V. (Crystal…

Please publish modules in offcanvas position.