Arrowhead Properties News Today

JSE-listed real estate investment trust Fairvest continues to move towards becoming a retail-focused fund by recycling out noncore assets, with disposals expected to continue. Fairvest sold four assets for R252.5-million at an average premium to book value of 0.2%, and at an average yield of 11.2%, during the six-month period ended March 31.

Interested buyers, all 50 of them so far, are sharpening their knives ahead of the sale of Rebosis Property Fund and its various properties, which includes Hemingways Mall, East London’s most prestigious retail property, as well as Baywest Mall in Gqeberha. Secret written offers will be submitted this week, but eventual decisions on the bids could drag on until Christmas.

A new court ruling brings much-needed clarity on the meaning and methodology for determining "fair value", write Lucinde Rhoodie, Kara Meiring and Claudia Grobler.

Fairvest merged with Arrowhead Properties this January, creating the largest SA-only-focused diversified listed property group.

MONEYWEB app instead? Arrowhead makes headway in its solar power rollout JSE-listed property fund welcomes the government’s planned easing of licensing regulations around independent or private renewable energy projects. 00:04  The Aviary in Lynnwood Glen, part of Arrowhead’s commercial property portfolio. Image: Supplied The solar power rollout plan by diversified South African real estate investment trust (Reit) Arrowhead Properties to install 10 megawatts (MW) of electricity ...

Vukile Property Fund would pay a dividend of 101.04 cents (129.03c) per share for the year to March 31 as footfalls at the shopping centres in its R32.8 billion portfolio started trending towards pre-Covid-19 levels.

MONEYWEB app instead? Sector up more than 20% this year, after pandemic plunge of 35% in 2020. 00:01  Open: Open: Open: Open: Open: Open: Open: Open: Open: Open: Open: Open: Open: Sandton – SA’s financial hub and a major property node, seen from The Leonardo, Africas tallest mixed-use building. Image: Moneyweb South Africa’s real estate investment trust (Reit) or listed property sector surged in April, overtaking equities as the top-performing asset class on the JSE. In fact...

Two northwest Houston suburbs are set to grow like crazy this year Paul Wedding, Staff writer FacebookTwitterEmail 1of14 As seen a new home is constructed in a new development called Raleigh Creek in Tomball.Gustavo Huerta, Houston Chronicle / Staff photographerShow MoreShow Less 2of14 As seen a new home is constructed in a new development called Raleigh Creek, Saturday, Jan. 30, 2021, in Tomball.Gustavo Huerta, Houston Chronicle / Staff photographerShow MoreShow Less 3of14 4of14 As seen a new...

The JSE needs to innovate as delisting flurry continues The number of companies on the local bourse continues to shrink in 2021, with the investment pool on the JSE becoming smaller by the day. This is, however, a global trend with the emergence of private equity and increased regulatory and governance practices required by listed companies on stock markets across the globe. Locally, corporate scandals such as Steinhoff, EOH and Tongaat have added to the ‘red type’ required by the JSE in te...