Vukile Property Fund is planning to raise R250m through the issue of new linked units for cash.

New Europe Property Investments plc plans to raise equity raise of about R500m through the issue of new shares.

New real estate investment trust (Reit) regime will also give unlisted property companies an incentive to list on the JSE as a Reit, says Java Capital director Andrew Brooking.

South African listed property sector has undergone some dramatic changes over the past 13 years, becoming increasingly sophisticated.

A total of just over 17 million A and B linked units were issued for a combined consideration of R14.60, raising gross proceeds of R250 million.

Wednesday, 04 June 2008 02:00

Hyprop ends merger talks with Madison

Hyprop Investments says it is 'no longer a party' to merger discussions with the Madison stable of listed property companies.

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