Hospitality Property Fund's shares decline 3.11% to R4.98 despite beating its forecast distribution growth for the year ended June.

Hospitality posts distribution growth of 14.5% for the year to June‚ blasting growth expectations by 4%.

Growthpoint Properties and the Public Investment Corporation, which bought Cape Town's Victoria & Alfred (V&A) Waterfront for R10bn in mid-2011, have plans to invest another R3bn-R4bn over the next three years to unlock the precinct's remaining 200,000m² development potential.

Surprise claims that Ascension has signed agreements to sell its management company simultaneously to Rebosis and Delta‚ unbeknown to the other party stuns property analysts.

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