Texton is pleased to announce that it has reached agreement with a broad-based black economic empowerment Consortium to purchase around 20% of Texton shares.
Rob Kane, CEO of Texton said the Fund was pleased with another period of strong distribution growth and acquisitions.
Texton Property Fund's Key Performance Indicators improve despite challenges in the office sector.
Cape Town’s inner city is emerging as one of SA’s strongest residential growth nodes‚ with the combined rand value of all CBD property sales increasing by a whopping 72% last year.
Vunani Property Investment Fund announced that both its unitholders and board have approved the sale of the asset management business from Vunani Property Asset Management Proprietary Limited to Texton Property Investments Proprietary Limited at a meeting held in Johannesburg today.
The South African Property Owners Association (SAPOA) and the City of Cape Town will work to unlock opportunities by facilitating collaboration between the public and private sector.
Although data shows the direct property sector delivered an improved 9.2% return for the first 6 months of this year, industry pundits expect price weakness in the listed sector.
International and local high-end retailers have been flocking to Cape Town’s central business district to set up shop as the appetite for luxury goods continues to grow.
Although South Africa is relatively new on the "green building" scene, it is making rapid progress in catching up with the likes of Australia, North America and Europe, says Heath Andersen, associate director at global engineering firm Arup.

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