Proposed 3-way merger between Rebosis,Delta and Ascension will create the first sizable black-managed property portfolio to rank among the R280bn listed property sector's top 10 companies in terms of size.

Rebosis Property Fund continues the property sector's better than expected earnings streak.

Black-controlled Rebosis Property Fund and Delta Property Fund have put their respective take-over bids for Ascension Properties on hold to avert a protracted bidding war for Ascension's lucrative R3.2bn portfolio of government-tenanted offices.

Surprise claims that Ascension has signed agreements to sell its management company simultaneously to Rebosis and Delta‚ unbeknown to the other party stuns property analysts.

Rebosis Property Fund today announced 11.8% final distribution growth to 47,5 cents per linked unit for the year ended 31 August

Rebosis Property Fund buys Sunnypark Shopping Centre for R573m from Zenprop Property Holdings.

Property developer Billion Group has several significant developments under way in SA.

Rebosis Property Fund today reported overwhelming support from its linked unit holders with 99.9% of votes cast approving the Fund’s proposed acquisition of and capital raising for the Nthwese property portfolio.

Investors may still be wary of exposure to government-tenanted buildings after a number of public works leasing scandals hit the headlines last year.

Rebosis remains confident it will achieve its target distribution growth of between 7.6% and 11.1% for the full year ended August.