Wednesday, 14 August 2019 15:46

Fairvest withdraws bid to merge with Safari

Fairvest Property Holdings Limited  today announced that it has elected, by mutual agreement, to not proceed with its friendly merger with Safari Investments RSA Limited.

JSE-listed REIT Safari Investments RSA Limited today posted annual results for the period ending 31 March 2019. 

JSE-listed REIT Safari Investments RSA Limited today posted strong results for the interim period ending 30 September 2018. 

Safari Investments, which focuses on township shopping malls, is on course to grow to a R3bn fund in 18-24 months.

Safari Investments RSA expects between 120 and 129 cents per share (2014: 129 cents per share for the year ended 31 March 2015, representing a decrease of 0% and 7% from the previous corresponding period.

Safari Investments RSA Limited ("Safari") became the latest listing under the "Real Estate Holdings and Development" (REIT) sector on the Main Board of the JSE today with the short code "SAR".

Safari Investments RSA Limited ("Safari") will become the latest REIT listing on the JSE on Monday, 7 April 2014.

Most Popular

Kommetjie master plan development on the cards

Jul 11, 2020
Cape_Farm_1529_Preferred_Layout
A new mixed use development is being planned near the landmark Imhoff Farm in Kommetjie,…

Redefine Properties appoints Diane Radley to board of directors

Jul 21, 2020
Diane_Radley
JSE-listed diversified Real Estate Investment Trust Redefine Properties (JSE: RDF) has…

Will the repo rate hold or fall? Experts divided

Jul 13, 2020
South African Reserve Bank
Experts are divided on whether the South Africa Reserve Bank (SARB) Monetary Policy…

Another interest rate cut makes it the ideal time to buy, rather than rent

Jul 23, 2020
Carl Coetzee CEO of BetterBond
With the interest rate at its lowest in decades, after the welcome announcement today of…

Lower house prices in the Western Cape behind renewed interest from first-home-buyers

Jul 16, 2020
Carl Coetzee CEO of BetterBond
Property in the Western Cape is regarded by many as among the most expensive in the…

Please publish modules in offcanvas position.