Redefine and Annuity Properties informed the market that they have agreed that Redefine will acquire the entire issue capital of Annuity by way of a scheme of arrangement, and Annuity's asset and property management companies.
The R250bn listed property sector, one of the JSE's most active in terms of merger, acquisition and listing activity in recent years, saw deal flow surge a whopping 60% last year.
Growthpoint Properties and the Public Investment Corporation, which bought Cape Town's Victoria & Alfred (V&A) Waterfront for R10bn in mid-2011, have plans to invest another R3bn-R4bn over the next three years to unlock the precinct's remaining 200,000m² development potential.
JSE-listed Fairvest Property Holdings today reported results for the six months to 31 December 2013, achieving a distribution of 6.75 cents per linked unit.
Growthpoint Properties Limited today reported distribution growth of 8% for the six-month interim period to 31 December 2013, outperforming original market guidance.
The Competition Commission gave Growthpoint Properties the green light to acquire the entire Tiber Group portfolio of properties and management business as at the end of January 2014.
Hospitality Property Fund delivers 17.7% growth to 89.08c in its distributions per combined linked unit in the 6 months to end December
MAS Real Estate says it wishes to raise R2.740bn by issuing 173,987,429 new shares at R15.75 per share in a private placement.

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