Redefine has big plans for Fountainhead portfolio
Redefine Welcomes Fountainhead Board's Termination of Growthpoint Engagement
Redefine Properties welcomes the decision by Fountainhead’s independent committee to terminate its engagement with Growthpoint following Growthpoint’s proposal to acquire Fountainhead’s assets.
Mergers and Acquisitions on the agenda in property sector
THE South African listed property sector has seen a number of new listings over the past 18 months with historically low interest rates creating a conducive environment for new property vehicles.
Listed property has helped boost portfolio returns
After several years of strong price growth in the listed property sector, most property pundits believe we can expect slower — albeit solid — growth this year from listed property stocks. Nevertheless there are still major opportunities for investors who want an investment that offers a steady income stream.
Growthpoint still pursuing Fountainhead portfolio
Redefine Withdraws Fountainhead Offer
Redefine today announced that it has resolved not to proceed with its proposal to acquire the property portfolio of Fountainhead in order to protect and safeguard the interest of Fountainhead, Fountainhead unitholders and Redefine and to allow the board to focus fully on the active management and administration of Fountainhead.
Fountainhead gains on revised takeover bid
Fountainhead shares rally as much as 3.93% on Thursday after Growthpoint upped its offer for Fountainhead.
Growthpoint raises Fountainhead offer by R605m
Listed property company Growthpoint Properties said on Thursday it had increased its offer for the property assets of the Fountainhead Property Trust from 35 Growthpoint linked units to 37 Growthpoint linked units for every 100 Fountainhead units, and reaffirmed its intention to settle or assume Fountainhead’s outstanding interest-bearing debt.
A Darker Reason Why SA Business is Moving into Africa
Reports abound of more and more South African companies doing business in Africa, but why are they not investing that money locally, are there challenges to making development work locally? Looking back over the last few quarters some disturbing stories have emerged.
Marc Wainer: Good growth ahead for SA listed property in 2013
South African listed property outperformed local bonds, equities and cash in 2012. Marc Wainer, CEO of Redefine Properties, says that 2013 will be another good year for listed property but it is unlikely to match the outperformance of 2012.
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