In the last decade, SA REITs have proven their ability to operate successfully on the international stage and play in almost any market in the world. But does this make them truly global real estate players?

Wednesday, 29 October 2014 07:37

Fountainhead Property Trust CEO resigns

Fountainhead Property Trust CEO Len van Niekerk resigns as executive director and Andrew Konig is appointed as the CEO with effect from November 30‚ says company.

Fountainhead meets guidance with annualised distribution growth of 6.85% and improves its property portfolio.

Wednesday, 25 June 2014 14:15

Fountainhead to dispose of 27 properties

Fountainhead Property Trust, which is managed and 66% owned by Redefine Properties, this week released 27 of its relatively smaller properties to the market.

Fountainhead Property Trust today declared an interim distribution of 29 cents per unit for the six-month period to 28 February 2014, representing distribution growth of 11% from the first half last year.

Fountainhead Property Trust has agreed to acquire the prime industrial property belonging to Robor Pty Ltd at 233 Barbara Road, Elandsfontein, in Ekurhuleni east of Johannesburg, for R570.7 million.

Monday, 21 October 2013 23:15

Fountainhead takeover delayed

It will probably take at least another 12-24 months before Redefine Properties achieves its ultimate goal of a full takeover of Fountainhead Property Trust’s R11,1bn portfolio.

Fountainhead Property Trust declared a distribution for the 11 months to 31 August 2013 in line with market guidance and 2% down on its distribution for the comparable 11 months in 2012. 

Wednesday, 19 June 2013 09:44

Fountainhead Property Trust names new CEO

Former SA Corporate Real Estate Fund MD Len van Niekerk has been appointed by Redefine as CEO of Fountainhead.

Friday, 30 September 2011 02:00

SA corporate real estate fund

When will SA Corporate begin delivering sector-average income growth again? That’s the million dollar question that long-suffering shareholders are no doubt pondering after another below par performance from the Old Mutual-managed property fund.

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