South-African focused JSE-listed diversified REIT, Dipula Income Fund, today announced that it is considering a strategic partnership with Resilient REIT Limited (“Resilient”) in a R1 billion transaction that will see Dipula optimise its capital structure and benefit from the retail property and deal-making experience of Resilient to create further shareholder value.
Merger of Nepi and Rockcastle Global Real Estate looks set to go ahead with the announcement of a deal that should create the largest listed property company on the JSE.
Greenbay Properties plans to raise R1.75bn through the issue of new shares, in line with its investment policy.
Resilient increases total distributions for its financial year by 25.1%, thanks to the effects of capital raising, a solid performance from its property portfolio and a weaker rand.
US, European and Asian fund managers are apparently starting to bulk up exposure to UK property stocks to cash in on the weaker pound and negative sentiment about Brexit.
With his extensive acumen as a property developer and investor, Jeff Zidel has been appointed President of the South African Council of Shopping Centres (SACSC).
Rebosis Property Fund, the JSE’s first listed black-managed REIT, today released robust interim financial results for the six months ended 29 February 2016.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.