SA Corporate Real Estate Fund, now the third largest listed property fund after acquisitions totalling R3,6 billion, lifted its distribution to 17 cents a unit for the six months to June 30

Rental upliftment on new industrial leases signed by SA Corporate Real Estate Fund in the six months to June 30 is very encouraging, says Craig Ewin, CEO of SA Corporate

Listed Property in South Africa is finding its way on to the buying lists of leading international pension fund/asset managers now that the sector is starting to offer the size and liquidity required by offshore investors

SA Corporate Real Estate will fund its R1bn Buffcol portfolio purchase by issuing 244,180,780 units at 395c a unit

Thursday, 21 June 2007 02:00

Property funds go for size

SA's listed property funds are in a race for size that could leave the 26-fund, R94bn market cap sector with five or six giants and a few dwarves

SA Corporate Real Estate Fund said today it would fund the R1 billion Buffcol portfolio of 40 primarily industrial properties from the Collins Property Group through an earnings-enhancing issue of 244 180 780 units at a clean price of 395 cents a unit

Listed property unit trust SA Corporate Real Estate Fund said it had entered into agreements to acquire a portfolio of properties worth more than R1bn

SA Corporate Real Estate Fund says its offer to acquire all the units in SA Retail Properties Ltd had been accepted by holders of 99.79% of SA Retail units. The offer closed on Friday (May 4)

SA Corporate Real Estate Fund and SA Retail Properties Ltd which are set to merge into a R7 billion diversified fund, both outperformed the Investment Property Databank industry standard for 2006 with total returns for the year of 33.8% and 41.2%

SA Corporate Real Estate, formerly Martprop Property Fund, said yesterday it increases its distributions for the five-months to 18% to 12c to December

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