Thursday, 30 October 2014 09:40

Octodec increase dividends by 11,5%

Octodec announce its annual results to 31 August 2014.

JSE listed REITs Octodec and Premium announced yesterday that the proposed merger of the companies was approved by the Competition Tribunal.

More rental housing portfolios are finding their way to the JSE's R260bn listed real-estate sector although they are mostly part of larger commercial property offerings.

Most of SA's listed property funds convert to real estate investment trusts, moving them in line with global tax practice and putting them on the global map.

Tuesday, 17 June 2014 13:40

Freedom Property Fund lists on JSE

Freedom Property Fund makes its debut on the JSE.

JSE listed REITs Octodec and Premium today announced an agreement whereby Octodec proposes to acquire all of the issued linked units of Premium in exchange for Octodec shares.

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.

2014 has confirmed that the listed property sector is moving from a cycle of new listings, into one of consolidation.

Residential property in an array of forms including student housing is in such high demand that investors who have not dabbled in it before‚ are chasing it.

Octodec and Premium announced they have entered into an agreement with IPS Investments and City Property Administration that will see IPS repurchase City Property’s shares in IPS for a cash consideration of R127.5 million and the repayment of City Property’s shareholders loan in IPS of R48.1 million.

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