Tsogo Sun to acquire control of Hospitality
Confirmation of the Effective Date of the Transaction.
Limpopo’s new R1 billion Thavhani Mall to open in August 2017
The highly-anticipated R1 billion Thavhani Mall at Thavhani City in Thohoyandou will officially open on 24 August 2017, bringing world-class shopping to this bustling Limpopo town.
Redefine Properties agrees to acquire JSE listed The Pivotal Fund in an all share deal
JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) has announced its intention to acquire the entire issued share capital of The Pivotal Fund (JSE: PIV).
Firm intention by Redefine to acquire all the shares of Pivotal and withdrawal of caution from South Africa in the group Redefine Properties Ltd
The respective boards of directors of Redefine and Pivotal are pleased to announce that they have signed a document setting out the terms and conditions upon which Redefine offered to acquire all of the Pivotal shares from Pivotal shareholders.
Pivotal Property Fund confirms the intention by Redefine Properties to acquire all its issued shares
The Pivotal Fund Limited (‘Pivotal’), a development focused property fund, today confirmed that it has entered into an agreement with Redefine Properties Limited (“Redefine”), in terms of which Redefine has offered to acquire all of Pivotal’s issued shares from Pivotal shareholders.
Disposal of property letting enterprises
Shareholders are advised that Rebosis has concluded an agreement for the disposal of the property letting enterprises in respect of the 3 properties known as 28 Harrison Street, 124 Main Street and 64 Eloff Street (the “properties”) to Southern Palace Group of Companies Proprietary Limited (“Southern Palace”) for an aggregate consideration of R847 498 292 (exclusive of VAT at zero percent) (the “disposal”).
Globe Trade Centre income grows as portfolio expands
Globe Trade Centre grows its income-generating portfolio 9% in the six months to June.
Joyner injects new life into Hospitality Property Fund
Hospitality turns around under the management of CEO Vincent Joyner and is set to compete with other mid-cap property companies on the JSE, following an investment from Tsogo Sun.
Legal costs bite into Sun International’s profit
Sun International’s (SUI) expansion into Latin America helped it grow overall revenue 15% to R12bn‚ but the casino group lost R503m in the year to end-June due to purchasing costs and legal settlements.
Liberty Holdings intends listing a portion of its premier property portfolio in a landmark capital raise on the JSE
Liberty whose investments include the iconic Sandton City – “the richest square mile in Africa” – announces its intention to list a portion of its premium property portfolio on the JSE as a Real Estate Investment Trust (REIT), to be called Liberty Two Degrees before the end of 2016.
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