Growthpoint's ESG leadership continues with sustained JSE SRI Index inclusion
Growthpoint and Acucap announce terms of potential acquisition offer.
Plan by Growthpoint to acquire mid-cap Acucap Properties is on track.
Construction at Growthpoint Properties' Range Industrial Park in Blackheath, Cape Town, is well underway.
The cost of renovating the Mall of Rosebank contributed to Hyprop Investment's profit falling in the year to June, but it raised its distribution 11.3% to R4.72.
Most of SA's listed property funds convert to real estate investment trusts, moving them in line with global tax practice and putting them on the global map.
Growthpoint Properties today announced it has acquired a 34.9% stake in Acucap Properties and a 31.5% stake in Sycom Property Fund, in a substantial R4,66 billion transaction.
2014 has confirmed that the listed property sector is moving from a cycle of new listings, into one of consolidation.
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