Investec Australia Property Fund (“IAPF” or the “Fund”) is pleased to announce an interim distribution of 4.81 cents per unit pre withholding tax (“WHT”) and 4.64 cents per unit post WHT for the six months to 30 September 2016.This represents growth of 6.0% pre WHT and 8.7% post WHT for the half year.
Ingenuity Property Investments sees its headline earnings per share fall 23% from 4.7c to 3.6c in the year to August amid difficult market conditions.
Mara Delta (formerly Delta Africa), the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, announced a planned capital raise of up to US$ 193 290 648 to fund a number of recently announced, yield accretive acquisitions.
The ratings agencies have been circling for months with many fearing a downgrading to junk status, and South Africa’s economic growth rate has been narrowed from 0.8% in February to 0.5%.
A two-speed cycle appears to have evolved in emerging economies with some racing ahead and others lagging behind.
Tony Smedley speaks about the fund's plan to raise new capital to help fund an investment pipeline of around EUR150m.
The JSE’s only listed specialist logistics property developer and landlord, Equites Property Fund Limited, today announced a 20% increase in half year distributions to 54.44 cents per share.
Mara Delta is set to convert its Moroccan subsidiary into a real estate investment trust by the end of 2016.
Liberty whose investments include the iconic Sandton City – “the richest square mile in Africa” – announces its intention to list a portion of its premium property portfolio on the JSE as a Real Estate Investment Trust (REIT), to be called Liberty Two Degrees before the end of 2016.

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