Tuesday, 06 October 2020 22:24

Inospace acquires its 26th business park

The record-low interest rate and favourable lending environment has spurred Inospace, a leading owner and operator of business parks, into acquisition mode.

Growthpoint Properties Limited (JSE: GRT) delivered 5.4% growth in revenue and R5.5bn in distributable income for its full-year to 30 June 2020.

Investec Australia Property Fund (“IAP” or the “Fund”) today announced the acquisition of an industrial facility in Brendale, Brisbane for $15,624,000, which represents an initial yield of 6.25%.

South-African focused JSE-listed diversified REIT, Dipula Income Fund, today announced  results for the six months ended 29 February 2020. The Group’s performance was achieved against a backdrop of extremely weak trading conditions globally and in  South Africa (“SA”).

JSE listed EPP, Poland’s biggest retail landlord, released results for the year ended 31 December 2019, with distributable income earnings up by 9.6% and distributions of EUR 11.62 cents per share.

Growthpoint Properties (JSE: GRT) reported distributable income growth of 2.2% to R3.2bn, an increase in dividends per share of 0.2%, and a 14.9% increase in group property assets to R160.2bn for its six-month period to 31 December 2019.

Fairvest Property Holdings Limited (“Fairvest”) today again announced solid results for the six months to December 2019, with above market distribution growth of 5.1%, net property income growth of 2.2%, 5-year lows in vacancy rates and consistently low arrears.

“We are delighted to report that the Group has achieved the targeted results in a competitive market.

MAURITIUS. London Stock Exchange listed Grit, the only listed Africa-focused income distribution group to offer international property investors access to high growth opportunities in thriving African economies outside of South Africa, today announced robust interim results for the financial year ending 31 December 2019.

Growthpoint Investec African Properties (GIAP), the pan-African real estate investment business managed by Growthpoint Investec African Property Management, has significantly advanced the execution of its strategy to aggregate a quality portfolio of prime income-producing commercial assets in select cities across Africa.

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