South Africa’s listed property sector declined 0.3% during the week ended 25 October 2013. 

Premium Properties reports a 10.3% increase to 66.2c in distribution per linked unit for the six months ended August 31 2013.

Premium Properties and Octodec Investments appoint independent non-executive director 

Premium Properties REIT status approved

JSE-listed sister companies Octodec Investments and Premium Properties have 76 property refurbishment projects on the go in Gauteng’s central business districts (CBDs), amid continued improvements in the province’s inner cities.

Wapnick confirms that the much-anticipated merger between Premium and Octodec is now firmly on the cards, given the JSE’s adoption of the new real estate investment trust (Reit) structure 

With limited targets up for grabs in the market, many listed property groups are taking advantage of the cheap funding environment to restructure their debts and improve the quality of their existing portfolios.

Premium Properties Limited, the only JSE listed Company to offer significant residential sector exposure, this morning announced its preliminary annual results for the year ended 28 February 2013.

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 Premium, Savyon Building Proprietary Limited, has concluded an agreement for the acquisition of a property letting enterprise together with related immovable property from Prophold Limited.