Leading South African property investment fund manager and developer, Equites Property Fund ("Equites") announced that it has successfully raised R650 million in a private placing of shares with South African institutional investors.
Equites Property Fund Limited announced that it would be pursuing a listing in the "Industrial and Office REITs" sector of the JSE from June 2014.
Delta's full year provisional results outperform market guidance and reveal a year of exceptional growth
Real estate investment trust Premium Properties has increased its distribution to shareholders by 19.4% to 150.7c per linked unit for the year ended February 2014.
Rebosis Property Fund reports a 9.0% rise in its distribution per linked unit to 48.5c for the six months ended February 2014 from 44.5c in the year-earlier period.
The Tower Property Fund has purchased the DeVille Shopping Centre in Durbanville at a cost of R226 million.
South African investors are making more money on commercial real estate than any of their offshore counterparts.
Construction of Quays, a vibrant new commercial node comprising 39 low rise studio offices and a TriBakery restaurant in the heart of Century City, has been completed.

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