Rebosis Property Fund reports solid annual financial results for the year ended 31 August 2014, ahead of its forecast range and market consensus.

Collapse of yet another proposed multibillion rand merger in the R300bn listed property sector raises renewed questions on whether consolidation is necessarily in shareholders' best interests.

Listed property share prices rally about 5% over the past two weeks, on better than expected results reported by real estate counters this month.

Rebosis Property Fund is in 'no rush' to decide on a full takeover of the company after a three-way merger collapsed.

Wednesday, 25 June 2014 13:08

Tripartite merger not opportune

Delta and Rebosis Property Fund ("Rebosis")(together"the Funds") today jointly announced the amicable conclusion of merger talks and the settlement of their bid for the linked units and assets of Ascension Properties Limited ("Ascension").

Rebosis Property Fund ("Rebosis") that it has acquired Delta Property Fund's ("Delta") entire holding of linked units in Ascension Properties Limited ("Ascension").

Thursday, 22 May 2014 18:30

Merged property funds would have muscle

Proposed 3-way merger between Rebosis,Delta and Ascension will create the first sizable black-managed property portfolio to rank among the R280bn listed property sector's top 10 companies in terms of size.

Sandile Nomvete's Delta Property Fund brings the first outright African real estate offering to the JSE market next month.

Delta's full year provisional results outperform market guidance and reveal a year of exceptional growth

Rebosis Property Fund continues the property sector's better than expected earnings streak.

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