Emira Property Fund has reported a 3.1% increase in distributions for its financial year ended 30 June 2019, delivering on its market guidance and continuing its dividend growth for the second consecutive year following its successful turnaround.

Equites Property Fund Limited today announced growth of 11.8% in its distribution per share for the year ended 28 February 2019 to 138.43 cents, along with robust growth in the NAV per share of 10.2% to R16.92.

Shareholders of Texton Property Fund have voted against the repurchase of shares in terms of the ‘Put Option’ related to Texton’s 2014 Broad-based black economic empowerment deal.

Equity Express Securities Exchange (“EESE”) today welcomed its second listing since inception in 2017 with Ukhamba 2, the B-BBEE-Scheme created following the Imperial Holdings Limited’s unbundling of its vehicle dealership division, Motus.

Atterbury, the leading property development and investment company, has concluded a significant B-BBEE transaction that secures 30% black ownership of Atterbury Property Fund (APF).

Emira Property Fund is selling a sizeable R1.8bn portfolio of 25 office assets to a new majority black-owned entity, specially setup for this purpose.

Izandla Property has partnered with Sasol Wax Chemicals, a division of Sasol South Africa, for the development of a new logistics warehouse and offices measuring 17,020m², located in the Sasol ChemCity Eco-Industrial Park in Sasolburg, Free State.

Operating conditions may remain challenging but JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) continues to execute long-term strategic thinking and efficient management of its property portfolio to deliver sustained returns and value.

House prices in the Northern Cape are reflecting robust growth as the demand for residential accommodation outstrips supply.

The South African property sector is making reasonable efforts towards transformation, but it needs to pick up pace.

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