JSE listed REIT Octodec Investments Limited today announced its full year results which were impacted by pressure on rental income growth, the lag effect of the let-up period at recent developments, and competitive pressures. A distribution of 203.4 cents per share was declared for the period.

Stenprop, the UK multi-let industrial property investor, has acquired an industrial estate in Bridgwater, Somerset, in an off-market deal from a private investor for £4.8 million, which reflects a net reversionary yield of 6.9%.

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.

JSE REIT Stor-Age, the leading and only listed self storage property fund in South Africa, yesterday closed its accelerated bookbuild.

RDI, the income focused UK-REIT, today announces that it has completed the acquisition of Southwood Business Park, an industrial estate in Farnborough, Hampshire for a total consideration of £26.3 million, reflecting a net initial yield of 6.2%.

Grit, the only listed Africa-focused income distribution group to offer international property investors access to high growth opportunities in thriving African economies,  outside of South Africa, continued on its strong growth trajectory, reporting solid financial results for the year ended 30 June 2018.

Fortress REIT Limited, the diversified property group, has secured Vodacom as a major new tenant at its Louwlardia Logistics Park development in Centurion for a period of five-years, a major coup for the company, which also has We Buy Cars and Goldwagen Car Parts as tenants at the same facility.

MAS Real Estate Inc (“MAS”), a commercial property investor, developer and operator listed on the main board of the Johannesburg Stock Exchange (“JSE”) and the Euro-MTF market of the Luxembourg Stock Exchange (“LuxSE”), today reported solid results for the year ended 30 June 2018.

EPP, Poland’s largest retail property owner, posted distribution growth of 12% per share to EUR 5.82 cents for the six months ended 30 June 2018.

Cape Town, 4 September 2018. South Africa’s top performing SA REIT Fairvest Property Holdings Limited (“Fairvest”) today announced solid results for the year to 30 June 2018, with annual distributions increasing by 9.91% to 20.150 cents per share. 

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