Fairvest Property Holdings plans to raise approximately R135 million through the issue of new linked units to repay debt facilities used to fund acquisitions.
Niche retail Real Estate Investment Trust (REIT), Fairvest Property Holdings Limited announced an interim distribution of 7.427 cents per linked unit, a 10.03% increase of the comparable period which is at the upper end of the guidance previously issued of between 9% and 10% growth in distribution.
Niched lower LSM retail property Real Estate Investment Trust ("REIT") Fairvest Property Holdings Limited ("Fairvest"), today announced a total distribution for the financial year to 30 June 2014 of 13.72 cents per linked unit.
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.
Fairvest Property Holdings acquires R233.9 million retail property portfolio from Vukile Property Fund's subsidiary, MICC Properties.
Fairvest Property reports that it has achieved its forecast distribution of 6c per linked unit for the year ended June 2013.

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