Investec Australia Property Fund successfully lists on the ASX
Investec Australia Property Fund has listed on the Australian Securities Exchange (ASX) following its recent successful capital raising.
PwC report finds no conclusive evidence to confirm allegations made against Fortress
The PwC investigation commissioned in November last year by the Special Subcommittee of the board of directors of Fortress REIT Ltd (JSE: FFA and FFB), has found no conclusive evidence to confirm any of the allegations made against the Company or its Management in respect of market manipulation or insider trading and in respect of undue related party benefits or wrongdoing in historic property transactions.
Promising signs for an uptick in activity in SA’s housing market
As anticipated, the MPC kept the repo rate steady, taking a conservative approach against the backdrop of rising fuel prices, and with a wary eye on CPI inflation, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Dipula Holding steady in tough trading conditions
JSE diversified REIT, Dipula Income Fund (Dipula), today announced steady interim results for the six months to February 2019.
Spear REIT Limited delivers double digit growth despite tough economic environment
“Spear has delivered distribution growth of 10,09% in a very tough economic environment. In a less than optimal operating environment the strong performance of the core portfolio is testament to its high-quality nature and reinforces management’s strategy of being regional focused and close to its assets” – CEO Quintin Rossi
Election results set to boost commercial property prices, lower yields and improve investor confidence
John Jack, CEO of Galetti Corporate Real Estate: "Election results set to boost commercial property prices and lower yields."
Post-election rebound anticipated for SA’s residential property market
The generally market-friendly election outcome will in all likelihood create a degree of certainty and stability and go some way towards addressing the issues currently affecting confidence in the South African economy - and as a consequence have a positive effect on the South African residential property market, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Closure of FSCA possible false or misleading reporting investigation
Stakeholders’ attention is drawn to the announcement issued on 6 May 2019 by South Africa’s Financial Services Conduct Authority.
Johannesburg’s housing market rising in the East
Well positioned in close proximity to the City of Ekurhuleni’s Aerotropolis, which is being developed around OR Tambo International Airport, Johannesburg East has emerged into the spotlight as a strategically well-positioned location for home owners and businesses alike.
IAPF delivers financial result in line with guidance and announces ASX listing
Investec Australia Property Fund (IAPF or the Fund) is pleased to announce a final distribution of 5.18 cents per unit (cpu) pre-withholding tax (WHT) and 4.75 cpu post-WHT (2018: 5.08 cpu pre-WHT and 4.65 cpu post-WHT).
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