Specialist logistics property developer and landlord, Equites Property Fund Limited, today announced that the company anticipates the distribution per share for the year ended 29 February 2016 to be between 95 and 97 cents per share, which is between 55.1% and 58.3% higher than the 61.26 cents per share reported in the annual results for the year ended 28 February 2015.

The Monetary Policy Committee’s decision to further increase the repo rate was unfortunate off the back of the January (2016) hike and given the pressing need to help stimulate growth in South Africa’s economy, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

Redefine has appointed Scott Thorburn as General Manager for the company’s inland property portfolio.

Thursday, 10 March 2016 16:00

Capital & Regional dividend jumps 228%

Capital & Regional, the UK shopping centre owner, achieved a 228% increase in its total dividend declared for last year.

Emira Property Fund is strongly positioned for responsible growth, notwithstanding the adverse economic environment in South Africa.

Fairvest Property Holdings Limited (“Fairvest”) today announced an interim distribution of 8,171 cents per share, which represents a 10,02% increase on the comparable period, again exceeding the guidance previously issued of between 9% and 10% growth in distribution.

Growthpoint Properties Limited today reported distribution growth of 6.0% for its six-month interim period to 31 December 2015, delivering performance at the top end of its market guidance.

Redefine International, the opportunistic income focused FTSE 250 UK-REIT, is pleased to announce that it has successfully completed on the acquisition of the second tranche of the Aegon UK (“AUK”) portfolio for a purchase price of GBP204.7 million (GBP213.2 million including costs).

Redefine International announces its potential placing to raise minimum proceeds of £100 million.

Taxpayers splurge a hefty R4 billion on property leases per year.

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