Friday, 17 June 2005 02:00

Prima boosts liquidity with 42% traded

Listed Prima Property Trust, a property unit trust, has managed to increase its liquidity significantly for the year to April, with 42% of its weighted average of units in issue being traded during the period.

Furthering its strategy of growth through acquisition, Prima Property Trust today announced its purchase of a portfolio of properties for R82 million from Ellerine Holdings.

Prima Property Trust has agreed to purchase a portfolio of 45 properties from Ellerine Bros for R198,1 million, at a yield of 13,7% in its largest single acquisition to date. This transaction is effective 1 October 2004.

Prima Property Trust today announced a final distribution of 4,43 cents per unit for the four months from 1 January 2004 to 30 April 2004, representing a 3% improvement on the forecast.

Friday, 13 February 2004 02:00

Prima Property Trust is on target

Prima Property Trust announced today its interim distribution of 2,1cents per unit for the two-month period from 1 November 2003 to 31 December 2003.

Wednesday, 10 December 2003 02:00

Prima Property Trust enhances its value

Prima Property Trust has cemented its new strategy of focusing on smaller properties.

Monday, 04 August 2003 02:00

Prima in market for R600m of properties.

Pretoria - Prima Property Trust, the listed property unit trust with a market capitalisation of R147 million, is in negotiations to acquire properties valued at about R600 million.

Most Popular

Repo rate unchanged at 3.5%

Mar 25, 2021
The Monetary Policy Committee has decided against altering the repo rate, deciding to…

Park Village Auctions brings to market a well Designed Factory with Offices

Apr 05, 2021
Default Image
Park Village Auctions brings to market a well Designed Factory with Offices

The Business Exchange announces new Dollar-based investment opportunity for South Africans

Apr 06, 2021
Serviced office space provider The Business Exchange (TBE), in partnership with Maxcity…

Growthpoint completes Cintocare Hospital development - the first of its kind for Africa

Apr 06, 2021
Street view of the Cintocare Hospital
A 11 000 sqm specialised surgical hospital development by Growthpoint Properties (JSE:…

Absa partners with Amdec Group to bring iconic Harbour Arch development to fruition

Mar 30, 2021
Harbour _Arch_Context
Absa Bank has partnered with Amdec Group, South Africa’s leading developer of new urban…

Please publish modules in offcanvas position.