South Africa’s top retail developments and designs are announced at shopping centre congress
Mall of Africa in Midrand, Gauteng, has been named the winner of the sought-after Spectrum Award for the best retail development, becoming an icon of the real estate development landscape at the South African Council of Shopping Centre’s (SACSC) Annual Retail Design and Development Awards (RDDA).
Famous Brands buys Gourmet Burger Kitchen’s restaurants
Famous Brands buys about 100% of GBK Restaurants in the UK and Ireland for GBP120m subject to approvals.
Redefine Properties successfully places Euro 150 million secured bonds exchangeable into shares of Redefine International plc
JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) has successfully raised Euro 150 million through the launch of a five year exchangeable bond programme to be listed on the Frankfurt Stock Exchange, with the proceeds to be used in part settlement of the bridge facility used to fund its recent investment into Poland.
Menlyn Park Shopping Centre introduces police contact point for shoppers convenience
Menlyn Park Shopping Centre in Pretoria is undergoing a R2-billion redevelopment that will make it the largest mall in Africa, with over 500 shops. And for added convenience for shoppers, a South African Police Service (SAPS) Brooklyn contact point has been opened at the centre.
Mara Delta extracts Dollar based yield at emerging rates-annual financing financial results for the year 30 June 2016
Mara Delta, (formerly Delta Africa), the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, today announced robust financial results for the year ended 30 June 2016.
Proven quality leads to consistent growth for Hyprop Investments
Specialist shopping centre REIT, Hyprop reported double-digit growth for the year ended 30 June 2016 off the back of its defensive quality shopping centre portfolio.
Limpopo’s new R1 billion Thavhani Mall to open in August 2017
The highly-anticipated R1 billion Thavhani Mall at Thavhani City in Thohoyandou will officially open on 24 August 2017, bringing world-class shopping to this bustling Limpopo town.
Redefine Properties agrees to acquire JSE listed The Pivotal Fund in an all share deal
JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) has announced its intention to acquire the entire issued share capital of The Pivotal Fund (JSE: PIV).
Texton's diversification strategy delivers robust perfomance - Annual financial results for the year ended 30 June 2016
Diversified property REIT, Texton Property Fund (“Texton”) today announced robust final results for the year ended 30 June 2016, declaring a total dividend of 103.63 cents per share (2015: 94.77 cps), a 9.4% increase, following the successful implementation of its diversification strategy geographically into the United Kingdom (UK) and across sectors.
Vukile Property Fund, Arrowhead Properties and Synergy Income Fund today announced they have concluded agreements for a landmark transaction
Vukile Property Fund, Arrowhead Properties and Synergy Income Fund today announced they have concluded agreements for a landmark transaction that will create a high-yield, high-growth fund within the existing entity of Synergy – to be renamed GemGrow Properties Limited.
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