Tuesday, 02 September 2014 09:33

Hyprop Investments raise its distribution 11.3%

The cost of renovating the Mall of Rosebank contributed to Hyprop Investment's profit falling in the year to June, but it raised its distribution 11.3% to R4.72.

Listed property share prices rally about 5% over the past two weeks, on better than expected results reported by real estate counters this month.

Capital Property Fund's strategy to increase its exposure to rand hedge sister companies New Europe Property Investments and Rockcastle Global Real Estate Company continues to pay off.

Though equities outperformed the listed property sector as an asset class, Stanlib's head of property funds, Keillen Ndlovu, gives a compelling reasons to include listed property in investors' portfolios.

Rebosis Property Fund is in 'no rush' to decide on a full takeover of the company after a three-way merger collapsed.

Accelerate Property Fund releases maiden results for the year ending March ahead of its prelisting forecast.

More rental housing portfolios are finding their way to the JSE's R260bn listed real-estate sector although they are mostly part of larger commercial property offerings.

Thursday, 22 May 2014 18:30

Merged property funds would have muscle

Proposed 3-way merger between Rebosis,Delta and Ascension will create the first sizable black-managed property portfolio to rank among the R280bn listed property sector's top 10 companies in terms of size.

Sandile Nomvete's Delta Property Fund brings the first outright African real estate offering to the JSE market next month.

SA shareholders of Redefine International continue to be rewarded on both the income and capital growth front.

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