Thursday, 22 October 2009 02:00

Acucap sees R280m acquisition progress

Acucap Properties on Wednesday announced the transfer of a 50% undivided share in the Bayside Shopping Mall from Old Mutual Life Assurance Company (SA) to Acucap.

Retail-focused listed property loan stock company Acucap Properties delivered solid distribution growth of 10,4% for the year to March, compared with the previous year, saying this was a “good result for this stage in the property cycle”.

Acucap Properties has entered into an agreement to acquire a further undivided half share in the Bayside Mall in Cape Town from Old Mutual Life Assurance for R280m.

Listed property has shone amongst South Africa’s top 100 companies, based on share-price performance

Friday, 05 December 2008 02:00

Global leap stirs desire

Last Tuesday Growthpoint’s price leapt 9,9% to R15,50 on a record turnover of 30m shares. This when the listed property sector lies moribund on the margins of the world’s unravelling financial markets.

Friday, 07 November 2008 02:00

Acucap interim distribution up 11.4%

Property holding company Acucap today reported that its distribution per linked unit for the six months ended September 30 2008 increased by 11.4% to 121.30 cents.

Thursday, 06 November 2008 02:00

Acucap appoints new financial director

Property holding company Acucap Properties has announced the appointment of its new financial director, Baden Marlow, effective immediately.

Sycom Property Fund reported distributable earnings of 70.63 cents per unit for the six months ended September.

Monday, 04 August 2008 02:00

Time to cherry pick

Although investors climbed back into listed property in a big way last month - the index gained around 14% in July - industry players aren't expecting the sector to continue to deliver the same super returns seen over the past three years

Acucap Properties has attributed its strong increase in distributions to good rental growth on renewal of leases.

Page 5 of 9

Most Popular

Residential sectional title sales again on the rise

May 27, 2021
Andrew_Golding_Golding_PropertyGroup
Over the past 15 years, the sectional title market in South Africa has become entrenched…

Pick n Pay and Fortress co-invest in a super distribution centre development

May 26, 2021
Fortress_Pick_n_Pay
Fortress REIT announced that their biggest logistics development to date was signed with…

Ongoing property market uncertainty makes the right finance partner key to extracting value

May 26, 2021
Claire Denny
Results from the listed property sector in 2020 showed property values reducing by an…

Exemplar REITail declares final dividend of 49.07 cps and announces 100% distribution

May 25, 2021
Mall of Thembisa
Rural and township retail specialists, Exemplar REITail, have declared a final dividend…

East Rand Mall will soon deliver the first phase of its major taxi rank upgrade

May 26, 2021
Phase 1 upgrade to the taxi rank at EastRand Mall
The first-phase upgrade of East Rand Mall taxi rank in the retail heart of Boksburg,…

Please publish modules in offcanvas position.