Tuesday, 30 August 2011 02:00

Debt funding for listed subsidiary

Nedbank Corporate Property Finance in conjunction with Nedbank Capital has refinanced R450 000 000 of debt within MICC Properties (Pty) Ltd

Moody's Investors Service has assigned long-term and short-term issuer ratings of Baa3 and Prime-3 to Redefine Properties, the second largest property fund on the JSE.

JSE listed property company Octodec Investments Limited today announced that it has acquired The Tannery Industrial Park in Silverton, Pretoria for a total purchase price of R153.75 million

2011 has seen more properties entering the auction market than in the last five years.

A R2.5bn mine dump processing plant is set to come on stream in 2013 in North West Province and Mpumalanga.

Redefine International says that part of the capital raised in its private placement of units will be used to subscribe for additional shares in Redefine International plc.

Wednesday, 19 May 2010 02:00

Two retail centres go under hammer

The Eastern Cape saw its biggest ever auctions recently when two shopping centres, one in East London and the other in Port Elizabeth, went under the Auction Alliance hammer

Premium Properties Limited announced a total distribution of 59,20 cents per linked unit for its second six-month period, ended 28 February 2010, bringing its total distribution for the full year to 111.1 cents per linked unit, up a noteworthy 16,8% from that of the prior year

Friday, 23 April 2010 02:00

Premium Properties distribution up

Premium Properties Limited on Thursday announced a total distribution of 59.20 cents per linked unit for its second six-month period, ended 28 February 2010, bringing its total distribution for the full year to 111.1 cents per linked unit, up a noteworthy 16.8% from that of the prior year.

Wednesday, 13 January 2010 02:00

Redefine raises stakes in offshore investments

Redefine Properties has increased its holding in Ciref, the AIM-listed property investment company, to 61% in a series of transactions.

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