Specialist industrial property developer and landlord, Equites Property Fund Limited announced that it has concluded a merger with one of South Africa’s leading private property developers and owners, INTAPROP Proprietary Limited, which involves the acquisition by Equites, of a R1,9 billion industrial property portfolio from INTAPROP in return for a strategic equity holding in the listed entity.
New Property Ventures has embarked on extending and refurbishing its new Absa on Grove acquisition in Claremont, Cape Town by two floors, providing an additional 3500 m2 of A-grade office space.
Despite continued prevailing depressed economic fundamentals, Ingenuity has managed to grow its investment base and revenues for the six months ended 28 February 2015.
Tower Property Fund continues to grow, and as part of the funds strategy to acquire well located, quality properties, has recently announced a number of new acquisitions located in strong areas throughout South Africa.
Investec Australia Property Fund announced the acquisition of an AUD 19.17 million industrial warehouse in the heart of Sydney’s western industrial corridor.
Atlantic Leaf Properties Limited released their results for the financial year ended 28 February 2015, being the company’s first full 12 months of operation.
Niche property investment fund manager, Fairvest Property Holdings Limited announced that it has raised R137 million through a successful vendor placement.

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