The Public Investment Corporation SOC Limited (PIC) has increased its beneficial shareholding in Texton Property Fund, growing its stake in the JSE-listed SA REIT from 5.2% to a significant 18.9%.

Texton Property Fund today reported a total dividend of 36.18 cents per share for its half-year ended 31 December 2018.

Texton Property Fund has secured a long-term lease renewal with Truworths for its prominent high street shop in central Durban, KwaZulu-Natal - one of the group’s biggest stores in South Africa.

Shareholders of Texton Property Fund have voted against the repurchase of shares in terms of the ‘Put Option’ related to Texton’s 2014 Broad-based black economic empowerment deal.

Texton Property Fund today announced the appointment of Marius Muller as interim Chief Executive Officer effective immediately.

Leading shopping centre investor Pareto today announced it has entered into new unsecured loans with Absa, achieving its ambitious goal of ensuring unsecured finance across its entire portfolio.

Retail cannibalisation is becoming a growing reality in South Africa and, until now, it has been all too easy to place the blame for this squarely at the feet of shopping centre developers.

This is a very difficult year for retailers. 

Published in Blog

For retailers to make sales their doors need to be open for longer. That’s the word from Marius Muller, CEO of leading shopping centre investor Pareto.

Space at prime South African retail properties was made to work harder throughout 2015 and delivered real growth on an inflation adjusted basis.

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