London-focused property company Capital & Counties Properties acquires the freehold interest of Tower House in the Covent Garden precinct for R1.1bn before purchaser's costs.
US, European and Asian fund managers are apparently starting to bulk up exposure to UK property stocks to cash in on the weaker pound and negative sentiment about Brexit.
Furry of new listings, mergers and acquisitions in the JSE's R450bn listed property sector continues unabated.
Safari Investments, which focuses on township shopping malls, is on course to grow to a R3bn fund in 18-24 months.
Investors looking for exposure to UK real estate have two more options to choose from after the listing of Redefine International spin-off International Hotel Group and mall owner Capital & Regional.
While SA's listed property index is set to come under pressure during the rest of the year‚ certain companies are standing out as top performers.
When Redefine Properties unexpectedly announced in August last year that founder Marc Wainer would step down as CE, shareholders no doubt had a few sleepless nights.
Listed property sector should continue to offer better returns than other income-generating investments such as bonds and cash.
Share price of Investec Australia Property Fund rallies 6% over the past six weeks as the rand hedge property stock continues to deliver on its growth promises.
Well-established property counters have posted strong annual results over the past few weeks.
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