Wednesday, 03 April 2019 13:19

Hyprop raises R4 billion in three months

Hyprop CEO, Morne Wilken, says the group had been confident from the outset of successfully raising or refinancing the R5 billion referenced by Moody’s.

Attacq Limited , a South African-based REIT today announced an interim dividend of 40.5 cents per share for the six months ended 31 December 2018, which is well in line with guidance.

Texton Property Fund today reported a total dividend of 36.18 cents per share for its half-year ended 31 December 2018.

JSE specialist shopping centre REIT, Hyprop, grew distributable income 6% on this time last year, resulting in 2.5% dividend growth for the six months to December 2018 (the period).

Maluti Crescent Shopping Centre will open on 21 March 2019 when it will officially become the largest shopping centre in Phuthaditjhaba in the Free State.

Fairvest Property Holdings Limited today again announced solid results for the six months to December 2018, with interim distributions increasing by 8.3% to 10.616 cents per share. 

Texton Property Fund has secured a long-term lease renewal with Truworths for its prominent high street shop in central Durban, KwaZulu-Natal - one of the group’s biggest stores in South Africa.

Strong December retail trade was recorded by the Flanagan & Gerard Property Development & Investment portfolio of shopping centres, with its top performing mall growing turnover by 18%.

RDI, the income focused UK-REIT, has agreed three new high quality lettings at two of its retail parks delivering an average uplift of 40% on gross annualised rents reported for the year ending 31 August 2018.

Shareholders of Texton Property Fund have voted against the repurchase of shares in terms of the ‘Put Option’ related to Texton’s 2014 Broad-based black economic empowerment deal.

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