Ingenuity Property Investments increases its headline earnings per share 122% to 2c in the six months to February from 0.9c.

Ingenuity Property Investments says it expects headline earnings per share to rise between 115% and 125% for the six months ended February.

Ingenuity Property Investments issues a total of 156.5-million shares for cash‚ raising a total of R125.2m.

Rabie Property Administrators (RPA) is to retain the management of nine prime Cape Town properties Ingenuity Property Group is acquiring in a R866m deal from the privately held Century City Property Investment Trust (CCPIT).

Recent activity by listed property counters in the Western Cape suggests the local real estate market could be ready to resume a more vibrant trend.

Ingenuity Property Investments says its portfolio continued to perform well in the six months to February 28 and net asset value per share rose to 76c from 67c.

Cape Town’s CBD, the business hub of the South Africa’s second biggest city, is working hard on its image as a functioning and healthy city centre where things work and business gets done. Investment, infrastructure upgrades and improved systems all reveal a sober and progressive approach to making Cape Town’s heart functional and competitive

Ingenuity Property Investments Limited is unlocking value in its substantial development portfolio by utilising recent financing from Nedbank Corporate Property Finance, Cape for the refurbishment of two prime properties in Cape Town. Finance for a number of other development projects is also expected to come into the fray down the line

Sale updates and various opportunities feature.