JSE listed REITs Octodec and Premium announced yesterday that the proposed merger of the companies was approved by the Competition Tribunal.
Merger to become effective in September 2014; Combined portfolio to be valued at R10bn and offer significant exposure to the residential sector.
JSE listed REITs Octodec and Premium today announced an agreement whereby Octodec proposes to acquire all of the issued linked units of Premium in exchange for Octodec shares.
Warren Buffett said that if a business does well, the stock eventually follows. For JSE-listed companies Octodec Investments Limited and Premium Properties the stock is still looking good and that’s despite the news that founder Alec Wapnick stepped down last week
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.