IAPF delivers financial result in line with guidance and announces ASX listing
Investec Australia Property Fund (IAPF or the Fund) is pleased to announce a final distribution of 5.18 cents per unit (cpu) pre-withholding tax (WHT) and 4.75 cpu post-WHT (2018: 5.08 cpu pre-WHT and 4.65 cpu post-WHT).
Intu Properties PLC appointment of Chief Executive
Intu, the largest owner and manager of prime shopping centres in the UK, is pleased to announce the appointment of Matthew Roberts as Chief Executive with effect from Monday 29 April 2019.
Investec Australia Property Fund acquires Canberra office building
Investec Australia Property Fund (“IAPF” or the “Fund”) today announced the acquisition of a low rise office building in Symonston, Canberra for AUD 29,750,000[1] which represents an initial yield of 6.93%.
Mid- and small-cap stocks are on sale, but is it time to buy?
Author and investor Jim Slater states of large-cap companies, “elephants don’t gallop”. And as history shows us (see Chart 1) mid- and small-cap companies have enjoyed superior growth over the long term.
JSE-listed EPP outperforms the market in 2018
JSE-traded EPP, the pure Polish retail property fund, delivered a total return of 21% in 2018 to significantly outperform the market, making it the top performing listed property company of the year. This is a significant difference from the benchmark index (SAPY) total return of -25%.
Broll Parts Ways with CBRE To Pursue Expansion and Empowerment Vision
Broll Property Group (Pty) Ltd announced this morning that it has ended its affiliate partnership with US-based CBRE Group, Inc.
Growthpoint invests a further R908 million in Australia
Growthpoint Properties continues to grow internationally with a further ZAR908 million investment in Australia.
Inospace Property Fund completes R212 million business park acquisition
Inospace Property Fund, an owner and operator of branded business parks providing conventional and flexible workspaces, has completed the acquisition of seven industrial parks in Cape Town and Johannesburg for R212 million, bringing the total value of its portfolio to over R1 billion.
Vukile delivers robust half-year distribution growth of 7.5%
Vukile Property Fund today reported 7.5% growth in dividends to 78.1 cents per share for its half-year to 30 September 2018, which is well in line with its full-year guidance.
NEPI Rockcastle has continued its outstanding operational performance during the nine months ended 30 September 2018
NEPI Rockcastle updates the valuation of its property portfolio in June and December each year. Fair value is determined by external, independent professional valuers with appropriate and recognised qualifications, and recent experience in the locations and category of properties being valued.
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