Growthpoint vs Redefine likely to be resolved in the courts?
The battle between listed property heavyweights Growthpoint Properties and Redefine Properties for a R10bn blue-chip retail portfolio flared up anew on Wednesday, with Growthpoint digging in its heels and indicating that it has no intention of giving up on its bid.
Mergers and Acquisitions on the agenda in property sector
THE South African listed property sector has seen a number of new listings over the past 18 months with historically low interest rates creating a conducive environment for new property vehicles.
Office space under pressure in year ahead
Property pundits agree that office property will remain the problematic sector in the next 12 to 18 months with dominant retail centres likely to be the best performers.
Growthpoint outperforms forecast to deliver 7,2% half-year distribution growth
Growthpoint Properties Limited today announced a 7.2% growth in distributions, to 72,7 cents per linked unit, for the six-month interim period to 31 December 2012. The distribution growth is significantly ahead of original market guidance of 6.1%.
Growthpoint appoints Gerald Völkel as Financial Director
With his wealth of financial and accounting experience, Gerald Völkel has been appointed Financial Director of Growthpoint Properties Limited, South Africa’s largest listed property company.
Norbert Sasse: 2013 a landmark year for SA listed property
Listed property outperformed cash, bonds and equities in 2012 with total returns of 36% to become South Africa’s best performing asset class for the fourth consecutive year.
JSE public consultation on listing requirements for SA REITs
The JSE public consultation process on the proposed changes to its Listing Requirements to allow for creating REITs (Real Estate Investment Trusts), which takes South Africa another step closer to REITs reality, closes this Friday, 25 January 2013.
Listed property excels among South Africa’s top listed companies
South African listed property once again ranked high among the country’s companies earning the most for shareholders. The sector featured strongly overall, with 16% of all companies performing in the top 50 over five years being listed property companies - based on share-price growth and investor returns.
Growthpoint Properties to release millions of Rands in lease deposits over the next five years
Growthpoint Properties Limited is breaking new ground for commercial real estate globally by introducing an innovative new deposit-free lease.
Bidding war for Fountainhead begins
Growpoint, the JSE's biggest property company with a market capitalisation of about R44bn, on Tuesday started a bidding war against Redefine, the JSE's second biggest weighing in at about R29bn, for Fountainhead Property Trust's R10.3bn portfolio.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.