Retail property fund Hyprop Investments, on Wednesday announced that its board is recommending that combined unitholders reject the mandatory offer by Redefine Properties to Hyprop minority unitholders.

South Africans will have an opportunity to own properties in Germany and the UK by buying shares in Redefine International, which is expected to have an initial market capitalisation of R2,5bn.

In a pioneering transaction within the Property Unit Trust (PUT) sector of the JSE, Emira Property Fund announced that it has reached agreement with the manager of the Fund, Strategic Real Estate Managers (STREM), to amend the terms of its service charge arrangement

SOUTH African listed property has been the best-performing asset class so far this year, returning 10,57%, ahead of equities with 4,06%%, cash 3,55% and bonds 5,61%.

Two prime Cape Town Northern Suburb properties with retail and office space will be offered on the auction floor

Putting its own auction profession to the test and showing its clients how to lead from the front, South Africa’s leading auctioneer house, Auction Alliance, will be taking its own head offices in Cape Town to the auction floor

Reserve Bank has granted approval for Redefine Properties to hold its interest in UK-based Ciref directly through a wholly owned South African subsidiary.

As cities have bent over backwards in preparation for the World Cup, doling out more than R9bn from their own budgets just on stadiums.

Growthpoint Properties has rolled over R350 million of 3-month senior unsecured commercial paper, which expired on 12 May 2010.

Over R350 million of 3-month senior unsecured commercial paper (CP) was made available to potential bidders