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).

The respective boards of directors of Redefine and Pivotal are pleased to announce that they have signed a document setting out the terms and conditions upon which Redefine offered to acquire all of the Pivotal shares from Pivotal shareholders.

The Pivotal Fund Limited (‘Pivotal’), a development focused property fund, today confirmed that it has entered into an agreement with Redefine Properties Limited (“Redefine”), in terms of which Redefine has offered to acquire all of Pivotal’s issued shares from Pivotal shareholders.

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.

Shareholders are advised that Rebosis has concluded an agreement for the disposal of the property letting enterprises in respect of the 3 properties known as 28 Harrison Street, 124 Main Street and 64 Eloff Street (the “properties”) to Southern Palace Group of Companies Proprietary Limited (“Southern Palace”) for an aggregate consideration of R847 498 292 (exclusive of VAT at zero percent) (the “disposal”).

Sun International’s (SUI) expansion into Latin America helped it grow overall revenue 15% to R12bn‚ but the casino group lost R503m in the year to end-June due to purchasing costs and legal settlements.

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, announced that it is has earmarked a further US$ 110 million for investment into Mozambique.

Shareholders are referred to the announcement released on SENS on 27 May 2016 relating to the acquisition of two property portfolios in South Africa and in the United Kingdom.   

Shareholders are advised that MAS, through its wholly-owned subsidiary, Incantada Capital S.à.r.l., has completed the acquisition of a logistics centre in Munich, Germany.

Ascension has concluded an agreement for the disposal of the property letting enterprises in respect of the 3 properties known as Bergstan House, Matrix House and Nedbank Centre to Camden Bay Investments 44 Proprietary for an aggregate consideration of R199m.