Monday, 22 November 2004 02:00

Paramount’s spending spree explained

Cape-based property investor Paramount, shackled by the demanding servicing costs on its debenture structure, has gone on a spending spree in Cape Town that has topped R330 million in less than a year.

Friday, 10 December 2004 02:00

Paramount turns out solid performance

Paramount, the listed property fund, increased its total distribution for the year to end October to 51c from 49c in the previous year with a final distribution of 13.5c.

Thursday, 09 December 2004 02:00

Paraprop shows it is on the road to recovery

Listed property loan stock company Paramount Property Fund (Paraprop) is on the road to recovery with a 4% surge in distributions to unitholders for the year to October. The previous year was bad, and saw a significant decline in its distributions.

Thursday, 11 November 2004 02:00

Paraprop back from the cold

The office portfolio of Paramount Property Fund, the Cape-based listed loan stock company, has outperformed all other office portfolios over two years.

Wednesday, 10 November 2004 02:00

Paraprop licks B-debenture debacle

Listed property loan stock company Paramount Property Fund (Paraprop) has experienced a major turnaround in fortune , reflected by its winning the office property category of the Financial Mail/Investment Property Databank (IPD) Listed Property Investment Awards.

Tuesday, 05 October 2004 02:00

Paramount buys part of Golden Acre

 

Listed property fund, Paramount (Paraprop), has acquired the retail component of one of Cape Town’s largest and most prominent landmarks, the Golden Acre in Cape Town’s Adderley Street, for R130-million.

Monday, 21 June 2004 02:00

Paraprop portfolio to exceed R1bn mark

Listed property loan stock company Paramount Property Fund (Paraprop) says its property portfolio will soon exceed R1bn in value.

Redefine Income Fund today announced that it has purchased 6,031,600 Paramount Property Fund ("Paramount") linked units for R21,110,600, or R3.50 per unit.

Paraprop said yesterday it had acquired the Pick 'n Pay centre in Claremont, Cape Town, from Sanlam

Tuesday, 30 March 2004 02:00

Paraprop buys three sites for R42,2m

 

Property loan stock company Paramount Property Fund (Paraprop) said it was acquiring a retail property, as well as two office blocks, for a total consideration of R42,2m.

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