'Resilient group' of listed property funds outperforms other established property groups thanks to the dominance of the funds in the market segments they focus on

Resilient Property Income Fund has received a claim for almost R1bn relating to alleged damages suffered by a property investment group as a result of Resilient family firm Capital Property Fund’s acquisition of Clairwood Racecourse.

Tuesday, 20 August 2013 09:18

SA mall space overtraded

There's still money to be made in the highly competitive rural and township retail market if you own established, dominant malls. 

Resilient Property Income Fund on Thursday said it had increased its stake from 10% to 75% in two major, adjacent shopping centres in southern Durban through a net purchase price of R1.39bn.

Shares in Resilient Property Income Fund climbed 1.69% last week to close at R54 after the retail-focused property company reported a 12.83% rise in distributions to 136.23c per linked unit for the six months ended June.

Shares in Resilient gain 2.8% to R60.50 after it said it expected its distribution per linked unit for the six months ended June to rise 12%.

Reports abound of more and more South African companies doing business in Africa, but why are they not investing that money locally, are there challenges to making development work locally? Looking back over the last few quarters some disturbing stories have emerged.

Resilient’s drive to become a dominant retail player in previously underserviced country areas instead of the big cities has delivered above-sector returns for investors over the past five years.

Tuesday, 12 October 2010 02:00

Opposite ends of retail spectrum

Owning shares in Hyprop Investments and Resilient Property Income Fund, means investors own some of the best retail property in SA.

Friday, 18 December 2009 02:00

Nepi is Resilient's secret weapon

While its listed peers Growthpoint, Redefine and unlisted Attfund have dived into the melting property markets in Western Europe and Australia, Resilient is making money.

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