South Africa’s listed property sector declined 0.3% during the week ended 25 October 2013. 

Vunani Property Investment Fund acquires Bryanston Gate office park for R174m.

Although data shows the direct property sector delivered an improved 9.2% return for the first 6 months of this year, industry pundits expect price weakness in the listed sector.

Vunani Property Investment Fund CEO Rob Kane says acquisition opportunities are returning to the listed property sector.

Linked unitholders are advised that the distribution per linked unit for the 6 months ended 30 June 2013 will be 39.25 cents and for the 12 months ended 30 June 2013 the distribution will be 77.25 cents per linked unit.

The Fund will offer a total of 48 503 939 new linked units ("rights offer units") to unitholders at a subscription price of 987.33 cents per rights offer unit 

Vunani Property Investment Fund (VPIF), the only JSE listed property fund to offer investors significant exposure to commercial offices, today announced the amended terms of its rights offer to raise up to R455 million.

Tuesday, 02 July 2013 13:32

Listed property sector regains ground

South Africa’s listed property sector surged 8.2% during the week that ended on 28 June 2013, on the back of lower bond yields, a stronger Rand and some quarter-end window dressing.

Vunani Property Investment Fund expects distribution of 84c-86c for the next 12 months.

Vunani Property Investment Fund (VPF) said on Tuesday its application for Real Estate Investment Trust (Reit) status had been approved by the JSE.

Page 2 of 4

Please publish modules in offcanvas position.