JSE property funds adding to portfolios
Listed Property funds grow property portfolios in highly competitive market.
Sycom Property Fund distribution up 5% to 175.03cpu
Sycom Property Fund reports a 5.8% rise in distribution to 90.6c for the six months ended March 2013.
New REITs regime could result in unforseen tax implications
Real Estate Investment Trust (REIT) regime is set to usher in a new era for the listed property sector by affording certain tax advantages to qualifying entities and providing certainty in respect of the tax treatment of property loan stock companies.
Ascension Properties buys Atterbury House for R341m
Ascension Properties (AIA) has bought Atterbury House in Cape Town‚ which includes the property and buildings known as Shell House and Ovenstone House from Atterbury Investment Holdings (AIH)‚ the company said on Wednesday.
Vukile terminates bid to acquire five shopping centres
Ascension Properties celebrates successful year after listing
Since listing on 11 June 2012, Ascension’s property assets have increased by R1,5 billion to R2,3 billion.
Listed property sector raise R10bn in fresh capital
Private placement 'fatigue' has been partly blamed for the sharp sell-off in property stocks over the past two weeks.
Annuity Properties grows portfolio and declares distribution
Annuity Properties reports strong portfolio growth with a 148% increase in portfolio size to R1.4bn for the year ended March 2013.
Vunani benefits from yield-enhancing acquisitions
Property loan stock company Vunani Property Investment Fund has benefited from "tight" management, a stable portfolio, and yield-enhancing acquisitions, according to CEO Rob Kane.
Bond Yields and the Rand spark listed property volatility
The volatility of the listed property sector over the past two weeks can be largely explained by movements in bond yields and the rand, and given the market’s close correlation to bonds, analysts say it may remain volatile in the short term.
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