The impact of the global credit crisis on South African listed property companies’ access to finance has been minor, explains Managing Director of Nedbank Corporate Property Finance Frank Berkeley
Acucap Properties’ acquisition of a 17,5% interest in Sycom Property Fund appears to have been bought at a premium
Listed property company Acucap Properties yesterday announced it had acquired a 17,5% interest in Sycom Property Fund for R787,6m
South Africa’s R105bn listed property sector finds itself in somewhat of a catch-22 situation. On the one hand it wants to attract meaningful foreign investment; on the other it hardly has enough scrip to satisfy local demand
Acucap Properties reported that its distributions increased 19,3% to 108,51c for the six months to September due to a solid performance from its property portfolio
The Public Investment Corporation (PIC), which plans to invest about R70bn in property assets over the next five years, is increasingly going to be competing with listed property companies for scarce property stock
The proposed acquisition will boost the office component of Acucap's property portfolio to 24% from 18%

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