Billed as the largest Real Estate 'private' IPO on the JSE, Hermans & Roman Properties Limited (“HRP”) is expected to list its linked units on the securities exchange operated by the JSE Limited (the “JSE”) on 11 May 2012
Hermans & Roman Properties Limited will be structured as a property loan stock company and the linked units of the Company are intended to be listed in the “Real Estate Holdings and Development” sector of the Main Board of the JSE.
Capital & Counties reports annual underlying earnings per share of 1.4 pence from 1.5 pence a year ago.
Property developer Calgro M3 Holdings (“CalgroM3”) has transferred its listing from AltX to the JSE Main Board in the ‘Industrials - Construction & Materials’ sector
Financially troubled property company Pinnacle Point Group will have its Lagos Keys project in Nigeria, terminated as it cannot raise funds to develop the venture.
SA property brand Primegro is to be reborn and listed as a property loan stock company on the JSE in the second quarter of this year.
Colliers SA Holdings has sold its loss-making noncore subsidiaries to its executives for R1,25m as it focuses on being a commercial property-focused company.
Grundfos currently occupying a Growthpoint Properties office and warehouse building in Bedfordview is expected to take occupation of its new facility which it also played a role in designing
Global market uncertainty has impacted local capital markets and SA listed property was not immune to the volatility that arose from the nervousness.

eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.