Redefine Properties has announced that its unitholders had approved the implementation of the proposed acquisition of Hyprop Investments units from Coronation Asset Management.
Redefine Properties Limited’s unitholders have voted in favour of the acquisition of an additional 19,7-million Hyprop units from Coronation Asset Management at R50 per unit
SOUTH African listed property was the second-best performing asset class last month, returning 6,68%, beaten only by equities, which recorded a total return of 8,05%, but the sector’s outlook for the year is still uncertain.
Liberty Properties says that its Property Portfolio is on track to deliver another solid real return performance.
Government projects, particularly the development of integrated rapid public transport networks in SA are likely to drive the construction sector over the medium term.
More...
The Competition Commission has entered into a settlement agreement with Aveng, trading as Duraset in which it admits that it took part in the mining roof bolts cartel.
Group Five says that it will target SA state's public works programme, specifically in the areas of power generation, transport, water and housing.
Group Five has reported diluted headline earnings of 561c for the year ended June 2010, from 561c previously.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.