The huge shortage of student accommodation and decent housing close to places of work has led to property group Citiq purchasing two sets of grain silos in Newtown, with the intention of converting them into residences.
Linked unit holders are advised that a wholly-owned subsidiary of Octodec, Presmooi Proprietary Limited has concluded agreements for the acquisitions of property letting enterprises together with their related immovable properties from various vendors
Nedbank has provided a R100 million loan to Octodec Investments Limited for the development of Tiny Town Phase II in Arcadia and Cambridge Shopping Centre in the Pretoria CBD, once again showing its commitment to the listed property sector.
Octodec Investments Limited today announced a 6,2% growth in distributions, and a total annual return of 27,9%, to investors for the year ended 31 August 2012.
Warren Buffett said that if a business does well, the stock eventually follows. For JSE-listed companies Octodec Investments Limited and Premium Properties the stock is still looking good and that’s despite the news that founder Alec Wapnick stepped down last week
Premium Properties announced that it intended to raise R400m by way of a partially underwritten renounceable rights offer of 26 666 667 Premium-linked units.
Although investors climbed back into listed property in a big way last month - the index gained around 14% in July - industry players aren't expecting the sector to continue to deliver the same super returns seen over the past three years
Nedbank Corporate Property Finance has provided R190 million funding for the revitalisation of the Hatfield metropolitan node
Octodec and Premium have over the past few years consistently managed to outperform other listed property loan stocks (PLSs) and property unit trusts (PUTs)
Listed property loan stock company Redefine Income Fund is expecting 19% growth in distributions for the financial year to August next year — this due to the solid performance by its property portfolio as well as its acquisition of top-performing Cape-based Spearhead Property Holdings.
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