Vukile Property Fund today reported 7% growth in distributions per share for its half year to 30 September 2015, delivering results in line with its market guidance.

Global Credit Rating Co (GCR) yesterday announced that it upgraded the credit ratings assigned to the Investec Property Fund, to A(ZA) and A1(ZA) in the long and short term respectively.

Global Credit Ratings affirmed its initial rating assigned to Delta Property Fund Limited of BBB+(ZA) and A2(ZA) in the long and short term respectively. The outlook was accorded as Stable.

DEMAND for first-time capital market funding among the JSE’s newer property listings has largely been put on hold since market conditions changed in May and June. 

Delta Property Fund's strong' first-time credit rating from Global Credit Rating (GCR) reflects the fund’s high quality and long-dated leases with government departments and parastatals

Tuesday, 30 July 2013 10:11

Delta Property Fund raises R190m

Delta Property Fund says it has raised R190m from inaugural commercial paper issuance.

Monday, 15 July 2013 16:51

Nepi debt bid routine in Europe

Deals such as New Europe Property Investments’ (Nepi’s) proposed acquisition of a Romanian retail park’s debt are more common in Europe than in South Africa, reflecting the relatively healthy state of South Africa’s listed property and banking sectors, analysts say.

With limited targets up for grabs in the market, many listed property groups are taking advantage of the cheap funding environment to restructure their debts and improve the quality of their existing portfolios.

SA property funds looking to raise capital are increasingly turning to capital markets rather than the traditional method of borrowing from banks or even securitisation.

Funding via the bond market is considered as more transparent than conventional debt, with listed property funds accessing capital at more attractive rates

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