Monday, 18 February 2013 10:16

Rebosis a heavyweight among black-run funds

Substantially black-held property company Rebosis Property Fund is likely to surpass its targeted asset base of R10bn well before the initial target date of 2017, says CE Sisa Ngebulana.

Rebosis Property Fund, the first black-managed and substantially black-held property fund to have listed on the JSE Limited today announced that it successfully raised R650 million in a rights offer. The offer was oversubscribed.

The acquisitions are consistent with Rebosis' strategy of acquiring large high-quality and defensive commercial properties yielding secure capital and income returns for linked unitholders.

Linked unitholders are advised that Rebosis has concluded an agreement for the acquisition (“the Sunnypark acquisition”) of a letting enterprise in respect of and including a property known as the Sunnypark Shopping Centre (“Sunnypark” or “the property”) from the Centre of the Sun Properties (Proprietary) Limited (“the seller”).

Monday, 12 November 2012 11:07

Listed Property Sector Rallies

South Africa’s listed property sector rallied 1.4% last week, after declining significantly in the last two weeks of October 2012. Much of the selling pressure was attributed to a single large foreign investor and last week’s price action suggests this has come to an end. 

Mike Rodel has stepped down as Director and Chief Operating Officer of the Company with effect from 1 February 2013 to pursue other interests.  

REBOSIS Property Fund announced an effective 12.1% increase in distributable earnings per linked unit for the year ended August 31, compared to the annualised distribution last year.

Monday, 13 February 2012 02:00

New property funds underperform

The South African listed property sector is growing in leaps and bounds, having increased its market capitalisation over the past 12 months from R122bn, with 18 counters, to R158bn, with 29 counters, as at the end of last month.

Wednesday, 07 December 2011 02:00

Rebosis to acquire several properties

Rebosis Property Fund has concluded agreements for the acquisition of letting enterprises and properties from several vendors.

Wednesday, 09 November 2011 02:00

Rebosis pipeline of projects, acquisitions

The company made its debut on the JSE in May, only interested quality assets that would enhance yields while growing its portfolio.

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