Listed property loan stock Ascension Properties Limited have announced that its proposed acquisition of a R1 billion commercial property portfolio from Capital Property Fund is now unconditional.

JSE-listed property company Dipula Income Fund recently announced that it will acquire four properties for a combined R326 million, in its fourth major property acquisition since listing on the JSE in August 2011

The Competition Commission has given the green light to Dipula Income Fund’s acquisition of three shopping centres for a combined investment of nearly R330 million

JSE-listed property company Dipula Income Fund announced that it will acquire three prime Pretoria office buildings for a combined R431 million, continuing to drive its vigorous portfolio growth

JSE-listed property company Synergy Income Fund Limited announced its maiden distributions to unitholders and closed a heavily oversubscribed vendor placement of R370 million in new capital for the fund.The distribution announced is in line with the projections forecast in the Pre-listing Statement for the company and the successful capital raising will increase the market capitalisation of Synergy to approximately R1.1 billion

The Investec Property Fund is set to dramatically grow its portfolio from R2 billion to R3,5 billion with three significant acquisitions collectively valued at R 1.233 billion. 

The Investec Property Fund has expanded its retail portfolio with the R105 million acquisition of the Nonquebela Link Mall in Khayelitsha, Western Cape from Bakoro Capital Partners Proprietary Limited. 

Following the approval of a R175 million finance deal by Nedbank Corporate Property Finance, the more than 80% of people within the Elim catchment area who currently shop in other cities, will soon enjoy shopping convenience on their doorstep

Arrowhead Properties, listed on the JSE in November, is to acquire a portfolio of office buildings from Growthpoint Properties for R167,6m based on a yield of 11%.

The Competition Tribunal will on Wednesday consider the proposed large merger between Sycom, and Grapnel and Changing Tides 91.