Mergers and Acquisitions on the agenda in property sector
THE South African listed property sector has seen a number of new listings over the past 18 months with historically low interest rates creating a conducive environment for new property vehicles.
Growthpoint grows its industrial portfolio
Growthpoint Properties Limited has launched a programme of client-driven industrial property development and redevelopment valued at R150 million in Gauteng alone.
Growthpoint Property to come under the Aucor hammer
Aucor April Auction event headlined by a strong retail offering located in Witbank from listed fund, Growthpoint.
Growthpoint still pursuing Fountainhead portfolio
Redefine Withdraws Fountainhead Offer
Redefine today announced that it has resolved not to proceed with its proposal to acquire the property portfolio of Fountainhead in order to protect and safeguard the interest of Fountainhead, Fountainhead unitholders and Redefine and to allow the board to focus fully on the active management and administration of Fountainhead.
Growthpoint Properties invest R13m to redevelop prime Sandton site
Growthpoint Properties investing R13 million to redevelop this prime site on the corner of Bowling and South Roads in Sandton for ICR Electrical
Growthpoint outperforms forecast to deliver 7,2% half-year distribution growth
Growthpoint Properties Limited today announced a 7.2% growth in distributions, to 72,7 cents per linked unit, for the six-month interim period to 31 December 2012. The distribution growth is significantly ahead of original market guidance of 6.1%.
Fountainhead gains on revised takeover bid
Fountainhead shares rally as much as 3.93% on Thursday after Growthpoint upped its offer for Fountainhead.
Growthpoint raises Fountainhead offer by R605m
Listed property company Growthpoint Properties said on Thursday it had increased its offer for the property assets of the Fountainhead Property Trust from 35 Growthpoint linked units to 37 Growthpoint linked units for every 100 Fountainhead units, and reaffirmed its intention to settle or assume Fountainhead’s outstanding interest-bearing debt.
Growthpoint sees 7-7.5% rise in distribution per unit
Growthpoint Properties says that for the six months ended December 2012‚ its distribution per linked unit is forecast to be between 7% and 7.5%.
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