While most of last year was a pleasing one for Hyprop shareholders, 2016 has begun on a poor note. In fact, 2015 ended with little good news from the marketplace, as the stock plunged after a months-long rally.
Rebosis Property Fund decides to focus on shopping malls, shifting its government-tenanted offices gradually into subsidiary Ascension Properties as it looks to attract retail-hungry investors.
Black-owned real estate investment trust Rebosis Property Fund finally secures Ascension Properties as a subsidiary, enabling it to expand its office portfolio.
Listed property sector should continue to offer better returns than other income-generating investments such as bonds and cash.
Hospitality Property Fund's shares decline 3.11% to R4.98 despite beating its forecast distribution growth for the year ended June.
Hospitality posts distribution growth of 14.5% for the year to June‚ blasting growth expectations by 4%.
Capital director Andrew Teixeira says ideally about R1,4bn of properties needs to be added to the portfolio every year to refresh the portfolio and improve the gearing ratio from the current 25% to 30%
The unit trust, called the Absa Property Equity Fund, will invest in the listed property sector on behalf of retail clients
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