Wednesday, 16 January 2019 18:29

JSE-listed EPP outperforms the market in 2018

JSE-traded EPP, the pure Polish retail property fund, delivered a total return of 21% in 2018 to significantly outperform the market, making it the top performing listed property company of the year. This is a significant difference from the benchmark index (SAPY) total return of -25%.

South Africans invested in Polish retail property are well positioned to benefit from the country’s growing consumer spend and the popularity of mall shopping among Poles.

Vukile Property Fund today reported 7.5% growth in dividends to 78.1 cents per share for its half-year to 30 September 2018, which is well in line with its full-year guidance.

On 4 October 2018 a consortium comprising the Peel Group (‘Peel’), the Olayan Group and Brookfield Property Group (together the ‘Consortium’) announced they were in the preliminary stages of considering a possible cash offer for intu.

Liberty Two Degrees (L2D) is pleased to announce the commencement of trading of Liberty Two Degrees Limited (New L2D) on the Main Board of the JSE today, following the successful fulfillment of the conditions precedent to the restructuring transactions.

Equites Property Fund Limited today announced growth of 11.7% in its distribution per share for the six months ended 31 August 2018 to 68.12 cents, as well as a 49% growth in the fair value of its property portfolio over the corresponding period in August 2017, from R6.8 billion to R10.1 billion.

EPP, Poland’s largest retail property owner, posted distribution growth of 12% per share to EUR 5.82 cents for the six months ended 30 June 2018.

In the real estate industry, the right location is key, which is why Deloitte Africa chose Waterfall City as the ideal location for its new Africa head office.

Emira Property Fund continues to advance its conservative approach to funding, which underpins its agile approach to market opportunities.

JSE-listed Echo Polska Properties (EPP), the leading owner and operator of shopping centres in Poland, has officially announced that a change of its company name from Echo Polska Properties N.V. to EPP N.V. has been registered by the trade register of the Dutch Chamber of Commerce.

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