Delta Property Fund to raise R400m through Accelerated Book Build

Posted On Thursday, 26 March 2015 09:06 Published by
Rate this item
(0 votes)

Delta Property Fund Limited to raise R400m through Accelerated Book Build to fund acquisitions through the issue of new shares to successful participants.

Sandile Nomvete Delta

The acquisitions include the turnkey development Tembisa Mega Mart and  the letting enterprises OMC Durban and the Marine.

The 30 day weighted average price as at 23 March 2015 was R9.05 per share and the unaudited NAV per share is expected to be R9.50 as at end of February 2015 (R8.87 per previous linked unit as at 28 February 2014).

The latest NAV has not been reviewed or reported on by Delta’s auditors. The Delta board has therefore resolved that, as a guideline, they will consider bids of at least R8.90 per Bookbuild Share. Delta has already received soft commitments from new and existing shareholders to subscribe for Bookbuild Shares to the value of R200 to R300 million.



Last modified on Wednesday, 22 April 2015 11:11

Most Popular

Growthpoint begins construction of the Kent residential apartments in KZN

Aug 26, 2021
Marius Els, Development Project Manager at Growthpoint Properties
Growthpoint Properties (JSE: GRT) has commenced the development of Kent, its first…

On Auction: Iconic Redevelopment Opportunity in Oranjezicht Cape Town

Aug 26, 2021
Currently operating as a 43 room guesthouse / backpackers.

On Auction: Spacious offices with multiple amenities in Norwood

Aug 26, 2021
Default Image
Spacious offices with multiple amenities on Auction in Norwood.

On Auction: Retail & Offices Property with unutilised bulk in Rivonia Johannesburg

Aug 26, 2021
The anchor tenant is Road Adventure Dirt (Pty) Ltd (RAD) which is the premier KTM…

On Auction: Commercial Historical Building in Cape Town

Aug 25, 2021
Cape Town Commercial Property for Sale - 3 Church Street
436sqm Commercial building comprising of retail and office space.

Please publish modules in offcanvas position.