South African investors are making more money on commercial real estate than any of their offshore counterparts.

Intu Properties announces the acquisition of two UK-based regional shopping centres and a retail park for R15,4bn (GBP867.8m). 

Intu says it will buy two regional malls and a retail park in the UK for R16bn from Australian shopping centre giant Westfield.

AltX-listed MAS Real Estate said on Wednesday its capital raising in February had been "very successful".

Redefine International successfully completed its accelerated bookbuild capital raise earlier today. The placement was substantially oversubscribed with strong demand from both the UK and South African investors resulting in the total share placement being increased to 9.9% of the current issued ordinary share capital prior to the Placing.

Redefine International will place 86.64-million new shares‚ representing 7.5% of the company’s issue share capital, says group. 

GoGlobal Properties concludes an agreement to acquire the entire issued share capital of APF1, a subsidiary of ApexHi Property, for the sum of £17.034‚603m

Having highlighted Africa as a primary focus, the Royal Institution of Chartered Surveyors’ (RICS) global President Elect, Louise Brooke-Smith is currently visiting South Africa (February 2014) and Ghana.

Investec shares shoot up more than 5% after saying operating profit has grown in the nine months to December and it plans to exit its UK-based mortgage business, which it bought just before the subprime crisis.

Redefine International P.L.C., which has a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange has commenced trading as a UK-REIT on both bourses today.