Thursday, 28 November 2002 10:01

Kagiso, NIB jump into dry property sector.

 

NEDCOR Investment Bank (NIB) and Kagiso Property Holdings have put together a R636m property fund called the Resilient Property Income Fund to be listed on the JSE Securities Exchange SA (JSE) next Friday.

Friday, 08 November 2002 10:01

Redefine CEO defends virtues of hybrid fund.

 

REDEFINE Income Fund CEO Peter Penhall has challenged criticism of the hybrid property loan stock company structure, saying specialist equity managers would not necessarily have the depth of knowledge of the property market a hybrid's manager has.

Wednesday, 27 November 2002 10:01

Fairvest intends to acquire Bonatla.

Property loan stock company Fairvest has published its intention to make an 85c a linked unit offer for property investment company Bonatla.

Wednesday, 20 November 2002 10:01

Coronation warns on hybrid property loan firms.

Cape Town - Hybrid property loan stock companies were finding more favour among investors despite the fact that they continued to be controversial in the industry, Coronation said yesterday.

 

Pretoria - ApexHi, the JSE Securities Exchange-listed property loan stock company, has acquired six new properties in Port Elizabeth worth R45 million, boosting the value of its portfolio to R1.925 billion.

Friday, 15 November 2002 10:01

Bid for mall may go up.

 

Insurance group Momentum is considering raising its R320m cash offer for two Johannesburg north properties, The Mall of Rosebank and the adjoining office block JHI House, says Warren Schultz the chief operating officer of RMB Properties, which is acting on behalf of Momentum.

Thursday, 14 November 2002 10:01

Fairvest pulls off R420m property acquisition.

PROPERTY loan stock company Fairvest has pulled off its R420m property portfolio acquisition by using a complicated financial technique that essentially defers a substantial portion of payment to vendors.

THE R420m Daisy Street acquisition by property loan stock company Fairvest has brought some radical changes for the group.

Wednesday, 30 October 2002 10:01

Property loan stocks sector sees shake-up

Three funds have issued cautionaries

 

Growthpoint's decision to invest in a portfolio of linked units signals the growing popularity of a hybrid property loan stock structure, but questions about the merit of this hybridity remain.

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