Vukile is turning its attention to an offshore expansion, says company.

Intu Properties Q3 trading update for period 1 July 2016 to 25 October 2016.

Andrea Taverna-Turisan‚ CEO of Equities Property Fund‚ discusses half-year results from the specialist logistics property developer and landlord.

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.

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.   

Properties grows its earnings per share 10% in the six months to June, despite concerns over the strength of the British consumer and downward pressure on UK property prices.

Property hybrid Tradehold makes a big play for local property by acquiring the R6.2bn South African portfolio of the Collins Property Group.

Texton Property Fund is moving closer to its goal of having half of its portfolio exposed to UK property and half to South African property.

The argument has often been made that the reason the SA listed property sector has delivered good returns over time, apart from a declining yield environment, is primarily due to its predictable and growing income stream.

Texton Property Fund concluded an agreement to acquire a retail park located in a prime location in Camborne in the UK (“Camborne Retail Park”) for £9,850,000 at an acquisition yield of 6.40%.