Redefine International, the FTSE 250 income focused UK Real Estate Investment Trust, announces that it is has acquired a 25.35% shareholding in the International Hotel Group Limited for c. £3.8million.
Intu Properties has recorded a strong first half with 6 per cent growth in underlying earnings per share for the six months ended 30 June 2015.
Texton Property Fund concludes agreements to acquire three well-located properties in the UK for £32m
Location is still of prime importance in real estate – and these days that can be as much about proximity to reliable public transport as it is about the safety and security of the area, easy access to shops and good schools, and the steady appreciation of home values.
Tradehold subsidiary Moorgarth Holdings (Luxembourg) S.à.r.l, has entered into a joint venture with Texton Property Fund to each acquire 50% of Broad Street Mall in Reading, England for approximately £30,564,000.
The UK has long been regarded as an attractive and stable destination for property investment – both commercial and residential.
Intu Properties continues to see signs of recovery in the UK economy with a series of positive retail sales figures and improved consumer sentiment.
South Africans will have an opportunity to own properties in Germany and the UK by buying shares in Redefine International, which is expected to have an initial market capitalisation of R2,5bn.
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