All-in returns of between 10% and 15% are on the cards for the listed property sector in 2013, says Dipula Income Fund CEO Izak Petersen.
The JSE public consultation process on the proposed changes to its Listing Requirements to allow for creating REITs (Real Estate Investment Trusts), which takes South Africa another step closer to REITs reality, closes this Friday, 25 January 2013.
Vukile announces the launch of an offering of up to 20 525 000 new linked units, representing 4.99% of the total number of linked units in issue
Vukile Property Fund announced it is to acquire a 50% share in the East Rand Mall in Gauteng for a consideration of R1.115 billion
Dipula Income Fund today reported it has met its forecast for the year ended 31 August 2012 as set out in the pre-listing prospectus. Total distributions for the year are 79.370 cents per A-linked unit and 60.821 cents per B-linked unit.
Another big property deal has fallen through because of listed property price volatility and the caution of the banking industry, which is tightening funding requirements or increasing funding margins.
SA Reit has been busy since it relisted from the JSE late last year as a new-look, recapitalised property investment and development company
Listed property loan stock companies SA Reit and Redefine Income Fund will redevelop a Cape Town central business district (CBD) site to create a state-of-the-art 18-storey office block valued at more than R600m.
Listed property investment and development company SA Reit says the first phase of redevelopment of the properties in its portfolio would begin next year

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