The sale of property by larger funds has provided an opportunity for Arrowhead to assert itself in the sector according to Arrowhead CEO, Gerald Leissner.
JSE and London Stock Exchange-listed Redefine Properties International announces that after the retirement of Philippe de Nicolay, Greg Clarke is appointed chairman of the diversified income focused property firm.
Redefine Properties, with a market cap of R21,5bn, is not shooting out the lights yet — growth of 3% in income payouts for the year to end-August is well below the sector’s average of 6%-7%.
A precinct of six city blocks, Jewel City quietly gets on with the business of boosting economic activity in the Johannesburg CBD and Southern Africa as well as bringing tourists to spend welcome foreign currency in Johannesburg
While Redefine Properties has announced a slight increase in total distribution, cash flow numbers illustrated a dimmer picture.
Hyprop Investments and Redefine Properties, shared owners of South Coast shopping mall, have opted to auction the property in a bid to focus on more 'core' assets.
Redefine Properties linked unitholders have approved the unbundling of Arrowhead Properties Limited units to Redefine linked unitholders.
Officially retired in June 2009, Gerald Leissner now plans to return to the SA listed property sector to run what could become the JSE’s sixth new real estate listing in 12 months, known as Arrowhead Properties

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