Investec Australia Property Fund (“IAPF” or the “Fund”) today announced its intention to undertake a partially underwritten rights offer to raise up to ZAR 690 million through the issue of 59,566,747 new units in the ratio of 23.54653 new units for every 100 units held.

Monday, 18 January 2016 14:24

Offshore property grass not always greener

SA investors may get their fingers burnt as they shift their money to offshore property stocks in a bid to counter the effects of a depreciating the rand.

STANLIB, on behalf of the Liberty Property Portfolio celebrated the official ground-breaking for the R220m Melomed Hospital development in the city of uMhlathuze today with Counsellor Mhlongo - Mayor of the City of uMhlathuze and the Kwa-Zulu Natal Premier - Senzo Mchunu in attendance.

The weeks-long relentless heat wave hitting South Africa provides a direct contrast to what is happening to the rand: a tsunami.

Schroder European Real Estate Investment Trust becomes the latest offshore property fund to list on the JSE, raising about R2.4bn in its initial public offering.

Safari Investments, which focuses on township shopping malls, is on course to grow to a R3bn fund in 18-24 months.

Balwin Properties, 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 strong interim results for the six months ended 31 August 2015.

Specialist logistics property developer and landlord, Equites Property Fund Limited, announced that it has raised R1,5 billion through an accelerated book build. 

Redefine International CEO Mike Watters believes the refocusing of the group's strategy to invest only in Germany and the UK has made its 2015 financial year a success.

South African listed property holds its own compared with other global regions so far this year but economic pressures are set to bring volatility to bear on property markets worldwide.

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