Growthpoint Properties Limited today posted distribution growth of 6% for its full year to 30 June 2016, delivering results at the top of its market guidance.

The Pivotal Fund Limited (‘Pivotal’), a development focused property fund, today confirmed that it has entered into an agreement with Redefine Properties Limited (“Redefine”), in terms of which Redefine has offered to acquire all of Pivotal’s issued shares from Pivotal shareholders.

Germany-focused business park owner Sirius Real Estate is raising up to EUR20m by a private placement of new ordinary shares to fund various acquisitions.

Thursday, 02 June 2016 14:48

Gooderson earnings slide as revenue grows

Gooderson experiences some disappointing years since it relisted on the JSE in 2006.

It all depends on where you are in life, according to Paul Stevens, CEO of Just Property, who says that making the correct choice is entirely dependent on ones stage of life, financial situation and personal circumstances.

The Pivotal Fund Limited (‘Pivotal’), a development focused investment fund, today reported strong growth for the financial year ended 29 February 2016 with a 23.91% increase in net asset value per share to R22.80, excluding deferred tax.

Balwin, South Africa’s largest homebuilder focusing on large scale sectional-title residential estates in high-growth, high-density metropolitan nodes in South Africa’s major cities, this morning announced an outstanding first set of financial results as a JSE listed company. 

Arrowhead, the South African JSE listed REIT, has declared a dividend of 20,76 cents per share for the three months ended 31 March 2016.

Perhaps one contributing factors to the formation of residential property “bubbles” or “overshoots” across the world over the years is the lengthy leads and lags between the start of a “negative” economic event, such as an interest rate hiking cycle, and the start of a rising trend in bad debt levels.

While much has been said regarding the slowing in house price growth in recent months, the residential property market in Gauteng is a highly complex one, with sharp regional and suburban variations, and there are a number highly positive developments within the region’s property sector.

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