Liberty International has placed up to 56.1 million new ordinary shares, representing 9.9% of the group's issued ordinary share capital.
Alliance Group has hosted its monthly auction at Cape Town’s One&Only resort, offering a plush location for properties warranting five-star treatment.
The group has reported adjusted earnings per share of 11.6 pence for the six months ended June 2009 from 13.9 pence a year ago.
Lew Geffen and a group of associates this week launched their own auction house.
Two entire towns on a remote stretch of South African coast littered with shipwrecks, diamonds and mine dumps are up for sale.
SA is soon to follow the international trend whereby property loan stock companies and property unit trusts will be structured as real estate investment trusts (the REIT model), with final legislation hopefully in place next year.
Mandy Ramsden, Chairman of the Association of Unit Trusts (APUT), comments on National Treasury’s latest document regarding the Real Estate Investment Trust (REIT) proposals
The issues and challenges facing South Africa’s listed property sector’s transition to the best-of-breed international Real Estate Investment Trust (REIT) structure in South Africa, will be addressed at the upcoming Real Estate Investment World Africa 2008 conference
UK-based commercial property group Liberty International on Wednesday reported a first quarter basic loss per share of 84.7 pence for the quarter ended March from earnings per share of 75.4 pence a year ago.

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