Thursday, 15 December 2016 05:27

Giant property tie-up

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.

Rockcastle Global Real Estate concludes the preliminary agreements to acquire the shopping centres in Poland.

Saturday, 20 August 2016 09:36

Rockcastle Global Real Estate aiming high

Rockcastle Global Real Estate is on track to become a fund split 50-50 across direct and indirect real estate.

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.

Mara Delta (formerly Delta Africa) announced its acquisition of a 50% interest in a new A-grade Zambian retail property from Rockcastle Global Real Estate Company.

Resilient property stable is raising capital for its latest Europe focused real estate fund.

Fortress Income Fund more than doubles its B-share dividend to shareholders in the six months to December.

As if on cue, shares in the suitably named Resilient REIT roared, entrenching themselves in the pound seat, after the firm churned out yet another bumper set of earnings numbers.

Property group Resilient says it increases its dividend payment for the six months to end December by 25.2% to 232.46c per share.

Until recently, Growthpoint Properties and Redefine Properties were the largest listed South African real estate groups, leaving institutional investors with limited choice.

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