Growthpoint Properties has announced it will dispose of a portfolio of 13 non-core office properties on an invited tender basis.

Growthpoint Properties’ industrial portfolio delivered the highest returns to investors in its sector for the three years ending December 2015, as recorded in the MSCI database.

Growthpoint Properties today acquired Site B Lower Long Street in Cape Town’s Foreshore, securing and landmark development site situated between two of its property assets.

Growthpoint Properties CEO Norbert Sasse is concerned about the extent of the negative effects that a looming sovereign credit ratings downgrade will have on SA’s economy.

Growthpoint Properties Limited today posted distribution growth of 6% for its full year to 30 June 2016, delivering results at the top of its market guidance.

Emira Property Fund Limited today reported distribution growth of 8.8 % per share for its full-year ended 30 June 2016, meeting its market guidance with a strong set of results for Emira investors.

The Board of Directors of Emira Property Fund has rejected Arrowhead’s unsolicited, non-binding, and highly conditional expression of interest to acquire all of Emira’s issued share capital on the basis that it has no benefit to Emira’s shareholders.

SA's listed property companies struggle to find well priced acquisition opportunities and takeovers are becoming more difficult to achieve now as there are no easy targets.

Emira Property Fund is strongly positioned for responsible growth, notwithstanding the adverse economic environment in South Africa.

Growthpoint Properties Limited today reported distribution growth of 6.0% for its six-month interim period to 31 December 2015, delivering performance at the top end of its market guidance.

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