Arrowhead interim results again excels with 13,5% distribution growth.

Arrowhead Properties (Arrowhead) and Propertuity have concluded an agreement whereby Arrowhead will acquire eight buildings in the Maboneng Precinct for R180 million.

Arrowhead Properties Limited (Arrowhead), the JSE-listed SA REIT (Real Estate Investment Trust), announced its firm intention to acquire all the issued units in Vividend Income Fund (Vividend) that it does not already own.

Arrowhead, the JSE-listed property company, has concluded an agreement to acquire 34,5 million Dipula B linked units (comprising 22% of Dipula's B linked units) from Investec Asset Management.

Arrowhead, the JSE-listed property company announced on 6 December, 2013 that it had acquired 31,7% of Vividend Income Fund.

Arrowhead, the only JSE listed property company to pay quarterly distributions, announced its ninth distribution for the quarter ended 31 December 2013.

Out of SA's total university student population of about 535,000, less than 20% of students can be housed on university campuses.

Arrowhead Properties' plan to grow its portfolio to R10bn by 2016 is given a boost as a private placement to fund acquisitions is oversubscribed by R90m.

Arrowhead Properties launches an accelerated offering of new Arrowhead A and B linked units to raise about R400m.

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