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RMH to acquire 25% stake in Atterbury

     3rd May 2016 Investment holding company RMB Holdings (RMH) plans to create a property investment business and is acquiring a 25.01% interest in property group Atterbury. The only remaining outstanding condition to the acquisition was approval by the competition authorities. 

As a first step, RMH will make a 25.01% investment in leading South African property company, Atterbury

     3rd May 2016 Investment holding company RMH today announced that will expand its current, single investment in FirstRand to create a property investment business. As a first step in the strategy of establishing a diversified portfolio of scalable entrepreneur-led businesses with proven track records in... 

Adam Orlin

     26th February 2016 This week we featue Adam Orlin, CEO of Blue Strata Trading, a premium import and working capital specialist 

Namibia punts strategic SADC, shipping position in bid for new investors

By: Natalie Greve     1st October 2015 While acknowledging that its compact population size of 2.1-million offered limited market scope for potential investors, Namibia continues to punt its strategic location along a key transatlantic shipping route and proximity to the frontier markets of Zambia, Angola and Zimbabwe as a rationale... 

Joburg has received applications for 32 MW of rooftop solar 

By: Terence Creamer     25th September 2015 Johannesburg’s City Power estimates that there are already 4 MW of solar photovoltaic (PV) rooftop capacity in operation across the city and has revealed that it has received applications for the installation of a further 32 MW. The largest rooftop installation is currently the 1.5 MW facility at... 

Mammoth R20bn mixed-use development to break ground in 2018

By: Natalie Greve     21st April 2015 The developers behind the large-scale mixed-use residential development, the “holistic” R20-billion Coega Ridge housing estate, outside Port Elizabeth, in the Eastern Cape, have confirmed that the project remains on track to break ground in 2018 and will likely slash Nelson Mandela Bay’s housing... 

Adam Orlin

     10th April 2015 Main Activity of the Company: Blue Strata Trading is a premium import and working capital specialist 

Synergy reports H1 hike in distribution

By: Natasha Odendaal     20th February 2015 JSE-listed Synergy Income Fund on Friday said it expected its B-linked unit distribution growth to be flat at around 57.57c for the full 2015 financial year; however, its A-linked unit distribution would likely increase to about 91.13c, from 86.79c in 2014. The specialised retail property fund,... 

R8m solar PV system launched at Gauteng mall

By: Mia Breytenbach     23rd January 2015 Property group Hyprop Investments launched a new solar photovoltaic (PV) system, valued at about R8-million, at its Clearwater Mall, in Gauteng, in December. “Clearwater Mall is the first property of Hyprop to which we applied a solar PV system of this magnitude,” comments Hyprop CEO Pieter... 

Attacq raises R640m to fast-track Waterfall development

By: Natalie Greve     10th December 2014 JSE-listed capital growth fund Attacq has successfully raised R640-million through an accelerated bookbuild after originally seeking to raise around R500-million to acquire the remaining 18.8 % of its key asset, the Waterfall pipeline, and take full control of the strategic planning of the... 

Pivotal readies for JSE listing, lifts NAVPS to R15.55

By: Natalie Greve     21st November 2014 A month before it plans to list on the main board of the JSE, property group, the Pivotal Fund has posted a net asset value per share excluding deferred tax (NAVPS) for the six months ended August 31, of R15.55 – a 5.9% increase on the NAVPS at the end of the preceding half-year. Given the nature... 

WBHO refutes Competition Commission’s collusion findings

By: Natalie Greve     13th November 2014 Construction major Wilson Bayly Holmes-Ovcon (WBHO) continues to deny that it was involved in collusive tendering regarding the construction of the 2010 FIFA Football World Cup stadia, stating in a business update on Thursday that it is firmly of the view that its conduct did not constitute a... 

Acquisitive Fountainhead declares FY distribution of 58c a unit

By: Natalie Greve     10th October 2014 Property group Fountainhead has declared a distribution of 29.28c a unit for the six months ended August 31, taking the total distribution for the year to 58.28c a unit – an increase of 16.6% compared with the 11 months ended August 31, 2013. The distribution for the second half of the financial... 

R930m Rosebank Mall refurb concluded with Woolworths launch

By: Natalie Greve     26th September 2014 Property group Hyprop Investments concluded the R930-million redevelopment of Johannesburg’s Rosebank Mall with the opening of a flagship 9 000 m2 Woolworths store on Thursday. “With the opening of this final anchor tenant, we are happy to announce the successful conclusion of one of our largest... 

Texton boosts portfolio with national property buys

By: Natalie Greve     19th September 2014 After fully acquiring Nungu Trading 88 through a sale of shares and claims agreement, earlier this month, property group Texton Property Fund is now the sole owner of the 3 865 m2, AAA-grade office property Babcock House, in Bedfordview. Tenanted by Babcock Ntuthuko Engineering, the property... 

R84bn Modderfontein New City to be built on technology, integrated public transport 

By: Natalie Greve     10th September 2014 The development of the R84-billion Modderfontein New City by Hong Kong-listed property development group Shanghai Zendai will be driven by the twin needs for access to information technology (IT) and viable integrated public transport systems, creating what Zendai Development South Africa CEO... 

Redefine, Fountainhead merger cancelled

By: Leandi Kolver     22nd August 2014 JSE-listed property group Redefine Properties on Friday said its acquisition of all the assets and the property portfolio of Fountainhead Property Trust, had not been approved by the requisite majority of Fountainhead unitholders and would, therefore, not be implemented. In terms of the proposed... 

Modderfontein ‘New City’ aims to reflect integrated city design

By: Schalk Burger     22nd August 2014 The multibillion-rand development of the Zendai Modderfontein New City, east of Johannesburg, will aim to exemplify an integrated city node, says property group Zendai South Africa COO Wenhui Du. The development will focus on the Modderfontein Gautrain station to be developed and will integrate... 

Redefine bolsters industrial property portfolio with R2.7bn Macsteel acquisition

By: Tracy Hancock     12th August 2014 JSE-listed property group Redefine Properties has concluded an agreement to buy the rental enterprises within the property portfolio of Macsteel Coreprop and Macsteel Genprop, which stretch across South Africa, upping its industrial property portfolio to about R7.7-billion from R5-billion. The... 

V&A Waterfront commits further R1.5bn to Silo district development

By: Natalie Greve     28th July 2014 Already home to the No 1 and No 2 Silo developments, the final phase of the Cape Town-based V&A Waterfront’s Silo district – which would see the addition of the No 3, No 4, No 5 and No 6 Silo projects – was on track for an early 2017 completion, after receiving a substantial investment of... 

Redefine receives green light for Annuity takeover

By: Natalie Greve     5th June 2014 JSE-listed property group Redefine Properties has received unconditional approval from the Competition Commission to conclude its acquisition of Annuity Properties, as well as Annuity’s asset and property management companies. Annuity unitholders also gave their approval for Redefine to acquire... 

East Rand Mall set for R300m revamp

By: Natasha Odendaal     26th May 2014 Property group Vukile planned to start revamping its 50%-owned East Rand Mall, in Boksburg, in August. Joint owners, property giant, Redefine, and Vukile would inject more than R300-million – R153.3-million each – to expand the current 62 516 m2 shopping centre by another 7 300 m2. 

Vukile ‘transformation’ complete, portfolio exceeds R10bn mark 

By: Natasha Odendaal     26th May 2014 Ten years after listing on the JSE, property group Vukile Property Fund has breached the R10-billion portfolio value mark and pushed its market capitalisation to R8.5-billion by the year ended March 2014, from the R1.3-billion recorded in 2004. The property group’s assets have grown from... 

Delta acquires R1bn in properties

By: Natasha Odendaal     8th November 2013 Property group Delta has bought out 20 properties from four property portfolios for over R1-billion, the company announced on Friday. The acquisitions of well-established, low-risk, mostly single-tenanted properties enabled the group to diversify its geographic footprint, particularly into... 

Tongaat Hulett expects rise in H1 headline earnings, operating profit

By: Leandi Kolver     4th November 2013 JSE-listed agriculture and property group Tongaat Hulett on Monday said it expected its headline earnings for the six months ended September 30, to increase by 1.2% to R663-million, compared with the R655-million earned during the prior comparative period. Headline earnings a share for the... 

Redefine hikes distribution above expectations

By: Natasha Odendaal     31st October 2013 Property group Redefine on Thursday declared a distribution of 68.7c per linked unit for the financial year ended August 31, up 7.3% from the year before, and expected to continue this growth into the next year. Redefine moved ahead of expectations on the back of the continued success of its... 

Hyprop issues R450m corporate bond

By: Leandi Kolver     31st October 2013 JSE-listed property group Hyprop on Thursday announced that it had successfully issued a R450-million, six-year corporate bond to refinance a maturing bank facility, bringing its total debt capital market issuances to R2.1-billion or 38% of total debt. The bond was issued at a margin of 154 basis... 

Redefine Intl lifts earnings 30% to secure market cap of £500m

By: Natalie Greve     29th October 2013 Following successful share placements to raise £16.8-million of new capital to support the recent €189-million acquisition of three prime German shopping centres, as well as a further placement to fund the settlement of its debt with UK insurer Aviva, London-listed property group Redefine... 

Attacq opens private placement

By: Natasha Odendaal     4th October 2013 As property group Attacq prepares to kick off trade on the real estate holdings and development sector of the main board of the JSE by October 14, it opened an initial public offering on Friday to raise R800-million. Investors were invited to subscribe for about 53-million private placement... 

Redefine to raise stake in Fountainhead

By: Natasha Odendaal     2nd October 2013 Property group Redefine Properties plans to increase its shareholding in Fountainhead Property Trust by up to 250-million units. Redefine, which was currently the largest single Fountainhead participatory unit holder with nearly 46% as at February, proposed to swap 110 Hyprop units for every 1... 

Attacq to list on JSE

By: Natasha Odendaal     26th September 2013 Property group Attacq plans to list on the real estate holdings and development sector of the main board of the JSE by mid-October, CEO Morne Wilken announced on Thursday. Investment in the group, which was previously known as Atterbury Investment, would be through private placements to raise up... 

Rosebank Mall redevelopment hits halfway mark

By: Natasha Odendaal     29th August 2013 The redevelopment of Rosebank Mall, in Johannesburg, was 50% completed, JSE-listed property group Hyprop CEO Pieter Prinsloo said on Thursday. South Africa’s third largest listed property fund started construction on the R932-million project in September 2012 and expected to complete the project... 

Growthpoint to connect its properties to high-speed Internet

By: Natasha Odendaal     1st July 2013 Property group Growthpoint and information and communication technology services and solutions company Dimension Data have teamed up to evaluate the viability of installing open-access high-speed Internet throughout Growthpoint’s 353 commercial and industrial properties. The five-year partnership... 

Vukile plans to grow portfolio to R15bn

By: Natasha Odendaal     27th May 2013 As property group Vukile Property Fund on Monday reported a portfolio valued at nearly R10-billion, it set its sights on increasing this to R15-billion over the next year or two. The “property hungry” group’s portfolio had increased by 26% to 78 properties with a total market value of... 

Tongaat makes good progress on power-generation plans 

By: Idéle Esterhuizen     24th May 2013 The environmental-impact assessment and plant-construction contracting processes for JSE-listed agriculture and property group Tongaat Hulett’s proposed 80 MW power station, were well advanced, CEO Peter Staude said on Friday. He noted that, as part of the company’s drive to optimise revenue... 

Tongaat expects 18.7% increase in headline earnings

By: Creamer Media Reporter      16th May 2013 JSE-listed agriculture and property group Tongaat Hulett on Thursday said it expected its headline earnings for the year ended March 31 to increase by 18.7% to R1.06-billion. Profit from operations is expected to increase by 11.7% to R2.15-billion, from R1.92-billion a year earlier, with profit... 

Broll to open Kenya office

By: Natasha Odendaal     10th May 2013 Broll Property Group on Friday reported that its African expansion had gained momentum, with the group now active in 15 countries on the continent. The South Africa-headquartered group, which had offices in Ghana, Malawi, Namibia and Nigeria, had opened offices in Mauritius and Rwanda this year,... 

Demand for office space in SA ‘weak’

By: Natalie Greve     28th February 2013 Demand for office space in South Africa remained weak in 2012 amid challenging market conditions and extensive consolidation of companies, JSE-listed property group Growthpoint Properties CEO Norbert Sasse said. He said the office rental sector of the group’s business lagged behind its retail and... 

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