Capital Property Fund’s planned acquisition of Pangbourne Properties is expected to see earnings drop 20,87% to 29,66c for the six months to June.
The decision last year to diversify the core business of the De La Porte Property Group through the creation of a property management arm has resulted in a growing portfolio under management currently valued at nearly R600 million
Property crashes, the exposure of dodgy deals and banks searching for a way to limit their losses.
Listed property fund SA Corporate Real Estate’s year to December results have not been well-received by some analysts because the company’s distribution per unit fell below its forecast.
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.
Redefine Income Fund has reported double-digit distribution growth for the year to August, compared with the previous period.
A STRONG performance from its shopping centres and its investment in listed Sycom Property Fund helped to boost Hyprop Investment’s distributions 15,4% to 150c for the six months to June.
The Barrow Group's empowerment associate, Makhudu Barrow Singh, has been awarded the contract to build a new warehouse and workshop complex for truck distributor Scania in Alrode, Johannesburg.
Investec Property is developing the R27 million Scania project for listed property group Growthpoint. The development will occupy 16 293m², which will require consolidation of the entire portion of one stand and part of an adjacent property.
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