Thursday, 18 August 2011 02:00

Still a solid bet

Capital director Andrew Teixeira says ideally about R1,4bn of properties needs to be added to the portfolio every year to refresh the portfolio and improve the gearing ratio from the current 25% to 30%

Wednesday, 03 August 2011 02:00

Capital to focus on new developments

Capital Property Fund says its merger with Pangbourne has allowed it to focus on new developments to grow and rejuvenate its portfolio.

Capital Property Fund has entered into an agreement with Panya Investments in term of which it will acquire 23.7 million linked units in Pangbourne Properties for R405m.

Capital Property Fund and Pangbourne Properties have brought to finality all outstanding conditions relating to their tie-up deal.

Capital Property Fund and Pangbourne Properties said on Thursday they had received approvals from both the Competition Tribunal and South Gauteng High Court for their tie-up deal.

Pangbourne Properties announced on Monday that its unitholders had approved an offer by Capital Property Fund to buy its entire issued capital.

Pangbourne Properties announced a 5.47% rise in distribution to 74.04 cents per linked unit for the six months ended December from the previous corresponding period.

Capital Property Fund’s planned acquisition of Pangbourne Properties is expected to see earnings drop 20,87% to 29,66c for the six months to June.

Thursday, 25 November 2010 02:00

Capital to buy rest of Pangbourne

Capital Property Fund ’s planned acquisition of property loan stock company Pangbourne Properties will result in it becoming the third-largest SA listed property fund.

Friday, 20 August 2010 02:00

Pangbourne sees distribution increase

Pangbourne Properties has reported that its total distribution for the year to end June was 147.08c per linked unit.

Page 1 of 8

Most Popular

GMI Property Group adds a New Mall to its Stable: Bronkhorstspruit Mall

Jul 21, 2022
GMI Properties Group announces the development of the much-anticipated Bronkhorstspruit…

Equites Property Fund and Mabel conclude B-BBEE transaction

Jul 21, 2022
Andrea Taverna-Turisan
The JSE listed specialist logistics property fund, Equites, today officially announced…

The growing take-away and fast food, and food delivery, culture

Jul 20, 2022
Restaurant and Take-Aways data for May 2022
Restaurant and Take-Aways data for May 2022 points to “solid but slowing” growth in…

The rapidly rising cost of living is reflecting in residential rentals

Jul 21, 2022
TPN Graph-Rental Demand
Demand for residential rental properties saw some recovery in the first quarter of 2022…

Despite hike, interest rate remains below pre-Covid levels, says Dr Andrew Golding

Jul 21, 2022
Dr Andrew Golding
With the inflation outlook deteriorating since the previous Monetary Policy Committee…

Please publish modules in offcanvas position.