The respective boards of directors of Redefine and Pivotal are pleased to announce that they have signed a document setting out the terms and conditions upon which Redefine offered to acquire all of the Pivotal shares from Pivotal shareholders.

The biggest merger in the history of the South African listed property sector is going ahead, with Fortress Income Fund finalising the acquisition of Capital Property Fund.

New Europe Property Investments announced an equity raising of R1bn through the issue of new shares.

The results represent the first full year performance of Ascension since Rebosis acquired the asset manager of Ascension in February 2014.

Pivotal Fund says it plans to raise R500m through the issue of new ordinary shares.

Indluplace is weighing its options whether to acquire a R420m residential property portfolio.

Investec Property Fund continues to deliver consistent growth in distribution and assets.

Vukile Property Fund Limited had proposed an equity raise of approximately R750 million through the issue of new shares.

Ingenuity Property Investments Limited  expects between 215% and 235% earnings per share increase.

Fairvest Property Holdings plans to raise approximately R135 million through the issue of new linked units to repay debt facilities used to fund acquisitions.

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