Plan by Growthpoint to acquire mid-cap Acucap Properties is on track.

Construction at Growthpoint Properties' Range Industrial Park in Blackheath, Cape Town, is well underway.

Growthpoint Properties Limited today reported distribution growth of 8.3% for the full year to 30 June 2014, comfortably outperforming market guidance of around 7.2%.

Most of SA's listed property funds convert to real estate investment trusts, moving them in line with global tax practice and putting them on the global map.

Growthpoint Properties today announced it has acquired a 34.9% stake in Acucap Properties and a 31.5% stake in Sycom Property Fund, in a substantial R4,66 billion transaction.

Announcement of offer by Acucap Properties to acquire all Sycom Property Fund units in issue.

2014 has confirmed that the listed property sector is moving from a cycle of new listings, into one of consolidation.

South Africa's listed property sector is set to undergo consolidation in 2014.

Wednesday, 11 December 2013 13:57

Vaal Mall expansion to enhance retail experience

Following seven successful years of being the premier shopping destination of Vanderbijlpark and the Vaal Triangle, Vaal Mall will undergo a substantial 20,000sqm expansion in 2014.

Retail-focused Acucap and office-biased Sycom announce distribution growth of 5.9% and 4.4% respectively for the six months to September.

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