South African listed property once again ranked high among the country’s top companies earning the most for shareholders.

SA Corporate has entered into agreements with the Casilli Group to acquire 50% of the shares and claims in Graduare Mauritius, Ancona Mauritius Limited and Premier LM&C Mauritius, collectively in order to indirectly acquire a 50% interest in a portfolio of three properties located in Zambia, for an aggregate acquisition value of USD46.7 million equivalent to approximately R635.1 million at a blended property yield of 8.73%.

Property group SA Corporate Real Estate lifts its interim distribution to end June by 11.2% to 19.66c per unit‚ announces group.

SA Corporate Real Estate Fund records 8.6% interim distribution growth than June 2013.

More rental housing portfolios are finding their way to the JSE's R260bn listed real-estate sector although they are mostly part of larger commercial property offerings.

SA Corporate acquires Afhco group property portfolio.

Improved key performance indicators have contributed significantly to the full-year performance of SA Corporate Real Estate Fund, which recently announced 8.6% distribution growth for the year to 31 December 2013, surpassing market expectations.

SA Corporate Real Estate Fund reports an 8.6% rise in full-year distribution to end-December to 32.75c per unit compared with the year-earlier period.

SA Corporate Real Estate Fund reports 7.3% year-on-year growth in distributions to 16.28c per unit for the six months ended June.

Wednesday, 19 June 2013 09:44

Fountainhead Property Trust names new CEO

Former SA Corporate Real Estate Fund MD Len van Niekerk has been appointed by Redefine as CEO of Fountainhead.

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