Wednesday, 23 May 2018 23:36

Africans investing in Africa

While the number of international buyers in residential property in South Africa remains relatively low, at somewhere in the region of three percent nationally, investors from elsewhere on the continent – including returning expats - retain their appetite for the acquisition of South African real estate for a variety of reasons.

We achieved solid results in the first quarter of this year, improving our gross margin on rental activity by 23% and improving our FFO by 27%. - said Thomas Kurzmann, GTC’s CEO.

Core dividend growth delivered in challenging environment Fund delivers total shareholder return of 21% in FY 2018

Vukile Property Fund has acquired its first shopping centre in Spain, Habaneras Shopping Centre in the popular coastal city of Torrevieja, through its 98.7%-owned Spanish REIT subsidiary Castellana Properties SOCIMI S.A.

Equites Property Fund Limited today announced growth in distribution per share for the year ended 28 February 2018 of 12.2% to 123.86 cents, as well as a 30% growth in the fair value of its property portfolio from R6.2 billion to R8.1 billion.

Indluplace Properties Limited, the first residential focused REIT listed on the main board of the JSE, today announced its interim results for the six months ended 31 March 2018.

JSE specialist shopping centre REIT, Hyprop, today announced the results of a successful bookbuild which was 2.4 times oversubscribed, raising R782.6 million.

Shareholders are advised that MAS, through a wholly-owned subsidiary, MAS (IOM) Holdings Limited, has concluded a sale and purchase agreement (“SPA”) to acquire from New Uberior House Holding Limited.

In line with the group’s strategy of investing across the broader European market shareholders are advised that MAS has through a subsidiary of PKM Investments S.á.r.l., entered into a sale and purchase agreement (the “SPA”) to acquire from MD CE Holdings Limited and Atrium Turkey Samsun B.V.

Shareholders are advised that Stenprop completed the acquisition of a fully-let industrial estate in Shrewsbury on 24 April 2018 for £2.9 million, in line with its stated strategy to focus on UK multi-let industrial (“MLI”) property.

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