NEPI Rockcastle welcomes the conclusion of the investigation by the Financial Sector Conduct Authority (FSCA) relating to allegations of market abuse.

The PwC investigation commissioned in November last year by the Special Subcommittee of the board of directors of Fortress REIT Ltd (JSE: FFA and FFB), has found no conclusive evidence to confirm any of the allegations made against the Company or its Management in respect of market manipulation or insider trading and in respect of undue related party benefits or wrongdoing in historic property transactions.

NEPI Rockcastle’s wholly-owned subsidiary, NE Property BV, has closed the corporate bond book build referred to in the announcement released earlier today.

Stakeholders’ attention is drawn to the announcement issued on 6 May 2019 by South Africa’s Financial Services Conduct Authority.

JSE-listed EPP successfully completed an equity raise of ZAR 1.45 billion equating to approximately EUR90 million. The Polish retail company will use the equity to fund tranche 2 of its M1 portfolio transaction.

It is nearly universally accepted that good infrastructure has significant benefits for the economy and peoples’ quality of life. Kenya currently has a predicted annual infrastructure spend of US$6.5bn a year by 2030.

Construction of Divercity Urban Property Fund’s iconic Jewel City redevelopment is forging ahead.

The SA REIT (Real Estate Investment Trust) sector has published a draft second edition to its best practice recommendations for public comment.

Growthpoint Properties today announced 5.9% growth in distributable income to R3.1bn with revenue from the group increasing 4.3% for its half-year to 31 December 2018, representing dividend growth of 4.5% per share for investors.

Following various announcements made by Edcon over recent months in relation to the recapitalisation of the business, the Group has advanced the process sufficiently to provide a further update to all stakeholders. 

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