Redefine expands its student accommodation pipeline in Australia with purchase of an attractive second site in Melbourne
JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) continues to build an exceptionally diversified and quality property platform after acquiring another attractive development site for student accommodation in Australia.
Asset quality and focused management underpins Investec Property Fund’s performance in a year of consolidation
Investec Property Fund (“IPF” or “the Fund”) is pleased to announce a final dividend of 66.74 cents per share for the six months ended 31 March 2017, taking the full year dividend to 127.65 cents per share (31 March 2016: 124.66 cents per share).
Redefine lifts interim distribution 7.5% to 44.82 cents as quality acquisitions, investor-driven strategy offset local economic challenges
JSE-listed diversified real estate investment trust Redefine Properties has delivered another solid performance after increasing its distribution by 7.5% to 44.82 cents per share for the six months to 28 February 2017.
Significant property-related legislations to come into force In 2017
There are a few significant changes on the cards for the South African property sector in 2017.
Successful strategy implementation delivers strong performance
Investec Australia Property Fund (“IAPF” or the “Fund”) is pleased to announce an interim distribution of 4.81 cents per unit pre withholding tax (“WHT”) and 4.64 cents per unit post WHT for the six months to 30 September 2016.This represents growth of 6.0% pre WHT and 8.7% post WHT for the half year.
Redefine Properties harnesses it's strategic strengths to deliver on a solid set of results
JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) has harnessed the benefits of a diversified portfolio and operational efficiencies to deliver a solid performance for the full year to end August 2016.
Investec Australia Property Fund acquires Brisbane CBD office tower
Investec Australia Property Fund (“IAPF” or the “Fund”) today announced the acquisition of a 50% interest in an institutional grade office tower in the heart of the Brisbane CBD with Abacus Property Group (ASX: ABP) for a total purchase price of AUD 132,000,000. Abacus, its management team and majority shareholder are well known to the Fund and the Investec Group.
Spur Corporation FY headline earnings up 15.9% to R164.0m
Spur Corporation’s results for the year to June suggest the pressures facing consumers are being felt most acutely in the lower end of the market.
Murray and Roberts exits construction sector
Murray and Roberts will focus on three core sectors in future — underground mining, oil and gas, and power and water, says group.
Listed property groups struggling to find takeovers
SA's listed property companies struggle to find well priced acquisition opportunities and takeovers are becoming more difficult to achieve now as there are no easy targets.
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