Tower Property Fund was officially the first new fund in South Africa to list on the main board of the JSE under the Diversified REITs sector when it listed on 19 July 2013.

Rebosis Property Fund REIT status approved by JSE

The Fund will offer a total of 48 503 939 new linked units ("rights offer units") to unitholders at a subscription price of 987.33 cents per rights offer unit 

Tower Property Fund makes its debut on the JSE‚ closing at R10 with 126‚120 shares trading.

Resilient Property Income Fund has claimed the overall Investment Property Databank (IPD) Direct Property Investment Award 2013, at the 11th Annual IPD South Africa Property Investment Conference today in Cape Town. 

Tower Property Fund receives good investor support for its capital raise prior to the fund’s listing on the JSE today.

Tower Property Fund will list on the JSE’s main board on July 19.

Linked unitholders are advised that Arrowhead's application for Real Estate Investment Trust ("REIT") status has been approved by the JSE Limited.

South Africa’s listed property sector declined by 3.4% during the week that ended on 5 July 2013 on the back of higher global bond yields, a weaker Rand and the unwind of June’s quarter-end window dressing. 

Tower Property Fund, set to list on the JSE under REIT structure, has set a clear strategy of occupancy cost reduction across the board for all the buildings within the fund’s portfolio, with a strong focus on "greening" underpinning the fund.