The country’s third-largest real estate investment trust singles out 2014 as “a milestone year” for its development team.

GoGlobal says its shareholders have overwhelmingly approved the deal which will see the property fund acquire APF1 Ltd for R303m (£17‚034‚603).

GoGlobal Properties concludes an agreement to acquire the entire issued share capital of APF1, a subsidiary of ApexHi Property, for the sum of £17.034‚603m

GoGlobal Properties, a new property fund exported from South Africa is getting ready to operate in Europe.

GoGlobal Properties‚ which listed on the Bermuda Stock Exchange last month‚ said on Monday its secondary listing — on the AltX — would be effective from Monday next week.

If ApexHi’s proposed bid to acquire all the linked units in Ambit is successful, the R2,4-billion property portfolio will be incorporated into the existing ApexHi portfolio to create a portfolio worth R11,7-billion

Friday, 20 February 2009 02:00

The Hyprop dilemma

It is not surprising that external management of property funds is so controversial. It you look at the results of Madison Property Fund Managers for December, it earned R138m from the three listed property funds it manages but it also had a second and third bite of the cherry, earning R12m in leasing fees and R14,2m in property management fees which were paid by the three property companies it already manages.

The listed property sector is developing black-owned enterprises to meet its black economic empowerment (BEE) requirements.

Investors who acquired ApexHi units when the company first listed its A and B unit structure in March 2001 have realised a total return of 386% for the 70 months of trading to the end of December 2006.

Friday, 12 May 2006 02:00

Madison listing to spur mergers

The listing of SA's largest property asset manager towards the end of this month is expected to spark further corporate activity in the listed property sector

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