Accelerate Property Fund, the JSE listed REIT with significant exposure in the dynamic Fourways node in Johannesburg, today announced its interim results for the six months ended 30 September 2017.

JSE diversified REIT, Dipula Income Fund (Dipula), has overcome tough macro-economic conditions to post a 5.8% increase in combined dividends per share for the year to August 2017, driven entirely by organic growth. 

Investec Property Fund (“IPF” or “the Fund”) is pleased to announce an interim dividend of 68.37 cents per share (cps) for the six months ended 30 September 2017 (Sept 16: 60.91 cps).

Investec Australia Property Fund (“IAPF” or the “Fund”) is pleased to announce an interim distribution of 4.95 cents per unit pre-withholding tax (“WHT”) and 4.64 cents per unit post WHT for the six months to 30 September 2017 (30 September 2016: 4.81 cents per unit pre WHT and 4.64 cpu post WHT).

The South African economy remains mired in political uncertainty, policy shifts and a lack of any real growth.

JSE diversified REIT - Dipula Income Fund (Dipula) - today announced its intention to acquire a diverse property portfolio for a purchase consideration of R1.27 billion, taking Dipula’s total portfolio value to more than R8.5 billion.

Rebosis Property Fund, the JSE’s first listed black-managed REIT, sustained solid distribution growth for the year ended 31 August 2017. 

Despite the difficult economic climate South Africa is experiencing at present, Fairvest Property Holdings Limited managed to conclude some 30 lease renewals, or 6 000m² of GLA during the first four months of the new financial year at the budgeted rentals.

According to StatsSA CPI (Consumer Price Index) figures, residential rental inflation has been outstripping average house price inflation of late.

Despite of the poor performance of industrial stand values in the country overall, due to declining economic confidence, those in the East Rand and Cape Peninsula still managed to enjoy real growth in the second quarter of 2017.

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