Wednesday, 10 June 2009 02:00

Phoenix scouting for undervalued property

With listed property shares trading at 20%-30% of 2007 prices, there are real opportunities for investors to acquire meaningful stakes in undervalued companies.

It takes an impeccably-timed venture, with an exceptional executive team, to leverage opportunities in a global economic downturn, but Global Phoenix Investments Limited is planning to do just that

Tuesday, 12 May 2009 02:00

Redefine posts interim headline loss

Redefine Income Fund has recorded a headline loss per linked unit of 8.41c for the six months ended February from a profit of 9.82c in the year earlier period.

Tuesday, 07 April 2009 02:00

Redefine merger gets green light

Madison unitholders have voted in favour of the acquisition of the company by Redefine Income Fund.

Redefine Income Fund linked unitholders voted in favour of the company's acquisition of ApexHi Properties and Madison Property Fund Managers.

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

Thursday, 12 March 2009 02:00

Phoenix Investment project forges ahead

Madison Property Fund Managers’ international investment company, the recently established Global Phoenix Property Investments Ltd, will list on the Bermuda stock exchange towards the end of May

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.

Hospitality in Namibia is set to get a new vibrant and sophisticated asset: the six-star boutique African Pride Eliakim Namundjebo Plaza Hotel

Friday, 05 December 2008 02:00

Global leap stirs desire

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.

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