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Monday, 04 September 2017 13:25

Texton Property Fund delivers good results

Diversified property REIT, Texton Property Fund Limited (“Texton”), today announced good annual results despite a challenging year, declaring an annual dividend of 102,80 cents per share.

Texton board of directors is pleased to announce the appointment of Nosiphiwo Balfour to the position of Chief Executive Officer, effective 17 July 2017.   

Diversified property REIT, Texton Property Fund Limited (“Texton”), today announced sound interim results, declaring an interim dividend of 47,95 cents per share.

A doyen of SA’s listed property sector‚ CEO of Arrowhead Properties Gerald Leissner‚ dies.

Tuesday, 13 December 2016 11:59

Texton tackles volatility in UK leases

Single-tenanted long-term leases in the UK should protect Texton Property Fund from volatility in the region.

Texton Property Fund Limited (JSE:TEX), a South African real estate investment trust (REIT) has appointed Nic Morris  as its Chief Executive Officer (CEO), with effect from 1 December 2016.

Texton says that property industry stalwart Angelique de Rauville has resigned from the company with immediate effect.

Diversified property REIT, Texton Property Fund (“Texton”) today announced robust final results for the year ended 30 June 2016, declaring a total dividend of 103.63 cents per share (2015: 94.77 cps), a 9.4% increase, following the successful implementation of its diversification strategy geographically into the United Kingdom (UK) and across sectors.

Shareholders are referred to the announcement released on SENS on 27 May 2016 relating to the acquisition of two property portfolios in South Africa and in the United Kingdom.   

US, European and Asian fund managers are apparently starting to bulk up exposure to UK property stocks to cash in on the weaker pound and negative sentiment about Brexit.

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