JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) has reported a solid  performance for the full year to end August 2017, after lifting full year distribution 7% to 92 cents per share.

In one of the largest local property transactions of the year, Pivotal shareholders approved the transaction in which JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) will acquire all of the shares in property developer and capital growth fund Pivotal.

Jackie van Niekerk‚ CEO of Pivotal Property Fund discusses full-year results from the property investment fund.

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.

A new shopping centre development in Kyalami‚ north of Johannesburg‚ is under fire from local business owners.

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