Redefine lifts interim distribution 7.5% to 44.82 cents as quality acquisitions, investor-driven strategy offset local economic challenges
JSE-listed diversified real estate investment trust Redefine Properties has delivered another solid performance after increasing its distribution by 7.5% to 44.82 cents per share for the six months to 28 February 2017.
Redefine Properties harnesses it's strategic strengths to deliver on a solid set of results
JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) has harnessed the benefits of a diversified portfolio and operational efficiencies to deliver a solid performance for the full year to end August 2016.
Pivotal Fund Limited reports solid interim results
The Pivotal Fund Limited (‘Pivotal’), a development-focused investment fund, today reported solid results for the six months ended 31 August 2016 with a 17.35% increase in net asset value per share to R23.00, excluding deferred tax (“NAVPS”) year-on-year.
Redefine Properties agrees to acquire JSE listed The Pivotal Fund in an all share deal
JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) has announced its intention to acquire the entire issued share capital of The Pivotal Fund (JSE: PIV).
Trailblazer Mara Delta continues expansion on Africa continent
Mara Delta (formerly Delta Africa), the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, announced that it is has earmarked a further US$ 110 million for investment into Mozambique.
Pivotal Fund reports 23.91% increase in full year net asset value per share
The Pivotal Fund Limited (‘Pivotal’), a development focused investment fund, today reported strong growth for the financial year ended 29 February 2016 with a 23.91% increase in net asset value per share to R22.80, excluding deferred tax.
Stink over sewerage line for Kyalami mall
An environmental group has applied for the legal review of a sewerage line being built on Kyalami agricultural holdings to service a shopping centre development in the area.
Delta Africa Property Holdings’ acquisition drive strategy gains traction
Delta Africa successfully acquired and transferred US$ 51.3 million of assets during the reporting period for the 6 months to 31 December 2015.
Delta Africa Property Holdings places new shares and raises R155m
Delta Africa, the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, today announced a successful capital raise equivalent to ZAR 156 million.
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