Growthpoint's ESG leadership continues with sustained JSE SRI Index inclusion

Growthpoint and Acucap announce terms of potential acquisition offer.

Plan by Growthpoint to acquire mid-cap Acucap Properties is on track.

Construction at Growthpoint Properties' Range Industrial Park in Blackheath, Cape Town, is well underway.

Tuesday, 02 September 2014 09:33

Hyprop Investments raise its distribution 11.3%

The cost of renovating the Mall of Rosebank contributed to Hyprop Investment's profit falling in the year to June, but it raised its distribution 11.3% to R4.72.

Most of SA's listed property funds convert to real estate investment trusts, moving them in line with global tax practice and putting them on the global map.

Growthpoint Properties today announced it has acquired a 34.9% stake in Acucap Properties and a 31.5% stake in Sycom Property Fund, in a substantial R4,66 billion transaction.

Announcement of offer by Acucap Properties to acquire all Sycom Property Fund units in issue.

2014 has confirmed that the listed property sector is moving from a cycle of new listings, into one of consolidation.

South Africa's listed property sector is set to undergo consolidation in 2014.

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