The SA Listed Property Index (SAPY) recorded a negative total return (-0.50%) for the month ended 30 November 2015.
According to Catalyst Fund Managers, the yield to maturity on the Long Term Government Bond Index weakened by 5bps to end the month at 8.44% (8.39% - 31st August 2015).
Retail-oriented property fund Fairvest Property Holdings enters into an agreement with Born Free Investments 385 to acquire rental enterprises for R133m.
Following the recent announcement by the Investec Property Fund (“IPF”) of new acquisitions totaling R1.9 billion and the intention to finance these acquisitions through the issue of new IPF units, the recent declaration announcement confirms IPF’s plans to take advantage of the strong equity markets and demand for its share with a R1.5 billion rights offer
Sephaku Cement has appointed Nedbank Capital as lead arranger of the project finance facilities for new cement projects.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.