Thursday, 15 December 2016 05:27

Giant property tie-up

Merger of Nepi and Rockcastle Global Real Estate looks set to go ahead with the announcement of a deal that should create the largest listed property company on the JSE.

Resilient property stable is raising capital for its latest Europe focused real estate fund.

Redefine International CEO Mike Watters believes the refocusing of the group's strategy to invest only in Germany and the UK has made its 2015 financial year a success.

Redefine Properties’ drawn-out battle to acquire Fountainhead Property Trust is nearing its end.

Redefine Properties' prolonged effort to take over Fountainhead Property Trust collapses after the company failed to win over enough shareholder support.

Nepi completes another oversubscribed book build as it raises equity of about R1.14bn to finance projects in Romania where it owns shopping malls.

Arrowhead Properties' plan to grow its portfolio to R10bn by 2016 is given a boost as a private placement to fund acquisitions is oversubscribed by R90m.

Analysts believe that over the next six to 18 months there will be consolidation in the property sector following the rash of new listings over the past three years.

Shares in Resilient Property Income Fund climbed 1.69% last week to close at R54 after the retail-focused property company reported a 12.83% rise in distributions to 136.23c per linked unit for the six months ended June.

Please publish modules in offcanvas position.