Intu Properties triples its profit in the six months to June‚ boosted by valuation and exceptional items.

JSE's listed property sector has not managed to maintain its run of the past few years of beating the broader all share index.

Intu Properties says its operating metrics for January to May 8 period are broadly stable, with occupancy across its centres in London remaining high at 95%.

These rand hedge property counters‚ which receive 100% of their earnings in either US dollars‚ British pounds‚ euro or Australian dollars‚ were some of the JSE's biggest money-spinners over the past year.

Intu Properties announces the acquisition of two UK-based regional shopping centres and a retail park for R15,4bn (GBP867.8m). 

Intu says it will buy two regional malls and a retail park in the UK for R16bn from Australian shopping centre giant Westfield.

Capital & Counties Properties may well have appeared fully priced after the stock had more than doubled in the previous two years, but it continues to defy gravity.

South African investors are likely to make more money in offshore property markets next year than in their own backyards.

Thursday, 07 November 2013 14:40

Intu Properties launches GBP485m bond offer

Intu Properties announces the launch of a proposed GBP485m bond to refinance existing debt facilities which are due to mature in February 2015

Wednesday, 06 November 2013 13:25

Intu Properties sees signs of recovery in UK

Intu Properties continues to see signs of recovery in the UK economy with a series of positive retail sales figures and improved consumer sentiment.

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