Monday, 14 January 2002 03:01

Primegro buys Richway

 

Listed property group Primegro has finalized an agreement to acquire the retail property portfolio of Richway for 1.175 billion rand in one of the country's biggest property deals, the company announced on Friday. The transfers are expected to be registered immediately in Primegro's favor, excluding Long Beach, bringing the value of its property portfolio to 2.34 billion rand.

Monday, 01 April 2002 03:01

More listing activity for 2002

 

 

As we entered the new century, the two JSE listed property investment sectors, namely the Property Unit Trust sector and the Property Loan Stock sector, had market capitalization of R4.92bn and R3.86bn respectively. Since then the market capitalization for the two sectors has grown from R8.78bn to R12.77bn – a growth of 45% in capitalization over the period.

Friday, 28 December 2001 03:01

CBD based funds perform

 

Companies are still not returning to Johannesburg’s city centre. However, many new tenants have taken up office space in recent months.

Wednesday, 02 May 2001 03:01

Syndication and listed property returns

THE property syndication industry has been brought to a standstill largely as a result of a lack of liquidity, says Mike Flax, MD of Spearhead Property Holdings.

Friday, 03 August 2001 03:01

Lower rates spurring on listed sector

PREDICTIONS made in April and May this year by Mike Flax, Interest rates would drop and further boost the listed property fund sector, have now been proved correct.

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