Thursday, 05 December 2002 10:01

A-Prop adds new portfolio.

 

Property loan stock company Arnold Property Fund (A-Prop) has added a property portfolio valued at R69,2m to its asset base.

Monday, 02 December 2002 10:01

Atlas is set for earnings growth

Property investment holding group Atlas Properties is set for a ninth consecutive increase in earnings, says the group's MD, Ian Raubenheimer.

Fraternity hopes mergers will deliver bigger, better and more liquid funds and draw the attention of fund managers.

Thursday, 28 November 2002 10:01

Kagiso, NIB jump into dry property sector.

 

NEDCOR Investment Bank (NIB) and Kagiso Property Holdings have put together a R636m property fund called the Resilient Property Income Fund to be listed on the JSE Securities Exchange SA (JSE) next Friday.

Friday, 08 November 2002 10:01

Redefine CEO defends virtues of hybrid fund.

 

REDEFINE Income Fund CEO Peter Penhall has challenged criticism of the hybrid property loan stock company structure, saying specialist equity managers would not necessarily have the depth of knowledge of the property market a hybrid's manager has.

Wednesday, 27 November 2002 10:01

Fairvest intends to acquire Bonatla.

Property loan stock company Fairvest has published its intention to make an 85c a linked unit offer for property investment company Bonatla.

Wednesday, 20 November 2002 10:01

Coronation warns on hybrid property loan firms.

Cape Town - Hybrid property loan stock companies were finding more favour among investors despite the fact that they continued to be controversial in the industry, Coronation said yesterday.

 

Pretoria - ApexHi, the JSE Securities Exchange-listed property loan stock company, has acquired six new properties in Port Elizabeth worth R45 million, boosting the value of its portfolio to R1.925 billion.

Friday, 15 November 2002 10:01

Bid for mall may go up.

 

Insurance group Momentum is considering raising its R320m cash offer for two Johannesburg north properties, The Mall of Rosebank and the adjoining office block JHI House, says Warren Schultz the chief operating officer of RMB Properties, which is acting on behalf of Momentum.

Thursday, 14 November 2002 10:01

Fairvest pulls off R420m property acquisition.

PROPERTY loan stock company Fairvest has pulled off its R420m property portfolio acquisition by using a complicated financial technique that essentially defers a substantial portion of payment to vendors.

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