New Europe Property Investments raises R695m via an accelerated book build‚ which was substantially oversubscribed.
Five years ago, SA investors who wanted exposure to offshore property had only one JSE-listed option: the former Liberty International.
South Africa’s listed property sector soared 5% during the week ending 13 September 2013, significantly outperforming both the equity and bond markets.
'Resilient group' of listed property funds outperforms other established property groups thanks to the dominance of the funds in the market segments they focus on
Fortress Income Fund reports that its total distributions for the year ended 30 June 2013 increased by 11.72% to 140‚70c.
Capital Property Fund share price closed almost 1% higher at R10.42 on Wednesday after the fund reported growth in distributions for the six months ended June at the upper end of its initial forecast, and also revised its full-year guidance upwards.
Deals such as New Europe Property Investments’ (Nepi’s) proposed acquisition of a Romanian retail park’s debt are more common in Europe than in South Africa, reflecting the relatively healthy state of South Africa’s listed property and banking sectors, analysts say.
New Europe Property Investments says it acted lawfully in relation to the acquisition of the debt of Romanian mall Sibiu Shopping City's debt.

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