The South African property sector presents companies such as Redefine Properties with a scenario that is “extremely” favourable for accretive deals capable of enhancing a property company’s bottom line.

Redefine Properties, has acquired four A-grade buildings for R520m in its continuing strategy of buying properties located in core markets.

SA’s second-largest listed property group, Redefine Properties, is eyeing the European and Australian property markets from next year and plans to raise capital for acquisitions in these markets.

Those South African property watchers who are predicting significantly improved conditions in 2010 are by and large unrealistic, says Mike Flax, Executive Director of Redefine Properties

Redefine Properties, which since its merger with Apex-Hi and Madison Property Fund Managers, has become one of the top two JSE listed property owning companies in South Africa, is embarking on a move to reduce the number of properties

Redefine Properties has announced a change in the board of directors, following its recent merger with ApexHi and Madison

Madison Property Fund Managers has cancelled its planned listing of the Global Phoenix Investments Fund on the Bermuda Stock Exchange after disappointing results.

With listed property shares trading at 20%-30% of 2007 prices, there are real opportunities for investors to acquire meaningful stakes in undervalued companies.

It takes an impeccably-timed venture, with an exceptional executive team, to leverage opportunities in a global economic downturn, but Global Phoenix Investments Limited is planning to do just that

Madison Property Fund Managers’ international investment company, the recently established Global Phoenix Property Investments Ltd, will list on the Bermuda stock exchange towards the end of May