Surprise claims that Ascension has signed agreements to sell its management company simultaneously to Rebosis and Delta‚ unbeknown to the other party stuns property analysts.

Delta Property Fund says it is entitled to a R10m break fee following Monday's announcement that Rebosis would acquire Ascension's management company for R150m.

There was very little in the way of positive news for investors in South Africa's listed property sector for the week ended 9 November 2013 and the US jobs report of last Friday has placed the sector firmly on the back foot.

Rebosis Property Fund today announced 11.8% final distribution growth to 47,5 cents per linked unit for the year ended 31 August

Rebosis Property Fund buys Sunnypark Shopping Centre for R573m from Zenprop Property Holdings.

Rebosis Property Fund REIT status approved by JSE

Property developer Billion Group has several significant developments under way in SA.

Rebosis Property Fund today reported overwhelming support from its linked unit holders with 99.9% of votes cast approving the Fund’s proposed acquisition of and capital raising for the Nthwese property portfolio.

Investors may still be wary of exposure to government-tenanted buildings after a number of public works leasing scandals hit the headlines last year.

Rebosis remains confident it will achieve its target distribution growth of between 7.6% and 11.1% for the full year ended August.