The Pivotal Fund Limited (‘Pivotal’), a development focused property fund, today confirmed that it has entered into an agreement with Redefine Properties Limited (“Redefine”), in terms of which Redefine has offered to acquire all of Pivotal’s issued shares from Pivotal shareholders.

Diversified property REIT, Texton Property Fund (“Texton”) today announced robust final results for the year ended 30 June 2016, declaring a total dividend of 103.63 cents per share (2015: 94.77 cps), a 9.4% increase, following the successful implementation of its diversification strategy geographically into the United Kingdom (UK) and across sectors.

Reaffirming the huge demand for prime located retail space in the Western Cape, Ikon Property Group recently brokered a transaction for the sale of Rondebosch Village Shopping Centre, which was acquired by a private property fund for R20.2 million.

Shareholders are referred to the announcement released on SENS on 27 May 2016 relating to the acquisition of two property portfolios in South Africa and in the United Kingdom.   

Shareholders are advised that MAS, through its wholly-owned subsidiary, Incantada Capital S.à.r.l., has completed the acquisition of a logistics centre in Munich, Germany.

Ascension has concluded an agreement for the disposal of the property letting enterprises in respect of the 3 properties known as Bergstan House, Matrix House and Nedbank Centre to Camden Bay Investments 44 Proprietary for an aggregate consideration of R199m.

Rebosis Property Fund is positioning itself for a rerating, which will attract larger investors and enable the company to join global indices.

Tower Property Fund grows its distributable earnings by 61% to R221m in the year to May.

Emira Property Fund, which could be taken over by Arrowhead Properties, may receive offers from other suitors.

Arrowhead Properties (‘Arrowhead’), the South African JSE listed Real Estate Investment Trust, (‘REIT’) announced today that it has made an expression of interest to acquire all or the majority of the issued share capital of Emira Property Fund Limited (‘Emira’) by means of a scheme of arrangement subject to the satisfactory conclusion of a due diligence investigation in respect of Emira’s forecast income for the 12 months ending 30 June 2017.