Rebosis Property Fund today posted solid interim financial results for the six months ending 28 February 2013.

Macquarie First South Securities property analyst Leon Allison says Rebosis’ share price performance has probably been held back by a potential overhang of stock.

Nedbank Corporate Property Finance has successfully concluded a R1.36 billion finance agreement with Billion Property Developments that will see the construction of the new 73,588 m² Forest Hill Shopping Centre in Monavoni, Centurion. 

Substantially black-held property company Rebosis Property Fund is likely to surpass its targeted asset base of R10bn well before the initial target date of 2017, says CE Sisa Ngebulana.

Billion Group, a leading property development company today launched its latest development - Forest Hill City

Rebosis Property Fund, the first black-managed and substantially black-held property fund to have listed on the JSE Limited today announced that it successfully raised R650 million in a rights offer. The offer was oversubscribed.

REBOSIS Property Fund announced an effective 12.1% increase in distributable earnings per linked unit for the year ended August 31, compared to the annualised distribution last year.

The company made its debut on the JSE in May, only interested quality assets that would enhance yields while growing its portfolio.

Rebosis, the first black-managed and black-held property fund, which made its debut on the JSE on Tuesday, is expected to offer investors an initial 8,6% forward yield with forecast growth in distributions of 12% next year.

Rebosis said that it will allow qualifying investors to subscribe for up to 165 851 703 linked units at an issue price of R10 per linked unit.