Wednesday, 27 November 2013 10:09

Hyprop acquires 87% in african land investments

Hyprop Investments Limited today announced that it reached agreement with African Land Investments to acquire 87% of the issued shares in African Land for a consideration of R768m.

ALTX-listed MAS Real Estate — the Western European property play backed by South African developer Atterbury and life assurer Sanlam — has increased its presence in Scotland with the acquisition of a large tract of development land in the heart of Edinburgh’s historic city centre.

AltX-listed MAS Real Estate is starting to look a lot more interesting now that its market cap has reached R1bn.

Atterbury has started construction on the third phase of Lynnwood Bridge, the successful mixed-used node in east of Pretoria. 

When West Hills Mall opens in Ghana’s capital Accra, it will become the largest single-phase modern shopping centre in the city. 

Atterbury Investment Holdings today reported growth in its net asset value per share of 12.66%, from R9.16 to R10.32, for the year ended 30 June 2012.

Progressing as one of South Africa’s most innovative and ambitious property developments, Atterbury announced it is starting the next 70,000sqm of development at Waterfall Business Estate before year end.

LOCAL property companies looking to expand into Africa should consider doing so via joint ventures with seasoned developers on the continent, such as Atterbury, Alternative Real Estate fund manager Maurice Shapiro said on Thursday

The Johannesburg central business district (CBD) is proving to be an animal with different parts — the good, the bad and the ugly — and savvy property developers are only now starting to figure this out and returning to the inner city.

Monday, 06 August 2012 20:06

Nedbank takes equity In Eikestad Mall

Nedbank Group has once again demonstrated its commitment and confidence in the long-term growth potential of the retail sector by not only providing the finance for the completion of the new Eikestad Mall precinct in Stellenbosch through Nedbank Corporate Property Finance, but also taking an equity stake in the development

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