Listed property returned 7.99% to its investors, outstripping cash’s 6.46%, equities 5.13% and bonds’ -3.93%, according to figures from Catalyst Fund Managers.

The biggest merger in the history of the South African listed property sector is going ahead, with Fortress Income Fund finalising the acquisition of Capital Property Fund.

South African listed property holds its own compared with other global regions so far this year but economic pressures are set to bring volatility to bear on property markets worldwide.

Internationally renowned property leader Guillaume Poitrinal will headline the next SA REIT Conference, which is set to take place on 17 March 2016 at The Maslow in Sandton Central.

Fortress announces firm intention to acquire all the listed shares of Capital Property Fund, in the biggest transaction of the year in the sector.

Fortress is expected this week to make a firm offer to Capital Property Fund’s shareholders to take over the fund after expressing an interest in a takeover since May.

Knowing how well an investment is regulated is a critical consideration when putting your hard-earned money into any investment, and property is no exception advises the SA REIT (Real Estate Investment Trust) Association.

Sunday, 29 March 2015 21:17

Mark Stevens

Mark Stevens Managing Director and Chief Executive Officer of  Fortress Income Fund Limited.

Published in Property Leader

JSE-listed Fortress Income Fund achieves a combined distribution growth of 19.64% to 92.96c‚ for the six months to December

Fortress says a wholly-owned subsidiary has concluded agreements to acquire various retail properties from Resilient Property Income Fund for R1.1bn.
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