Commercial Property News

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Octodec FY distributions up 11.5% to 175.7c per share

2014-10-30 · Industrial Developments news

Octodec Investments (OCT) on Thursday reported an 11%.5% rise in distributions to 175.7c in the year to August compared with the year-earlier period. The company‚ which focuses mainly on Gauteng’s i…

Safari Investments almost doubles earnings

2014-10-30 · Industrial Developments news

By Alistair Anderson Recently listed Safari Investments‚ which focuses on township shopping malls‚ has managed to weather recent strains on consumer spending. The group grew its earni…

Redefine International raises dividend on better portfolio

2014-10-30 · Industrial Developments news

By Joan Muller After an extensive restructuring‚ rand-hedge property counter Redefine International (RPL) has made a welcome return to dividend growth. The company‚ which owns a £1bn…

Dubai's Emaar posts 21% rise in Q3 profits

2014-10-30 · Industrial Developments news

DUBAI - Dubai's Emaar properties said Wednesday third-quarter net profit surged 21 percent to 701 million dirhams ($191 million/150 million euros) from 581 million dirhams a year earlier. "The prime dri…

Safari Investments reports a 12% rise in HEPS

2014-10-29 · Industrial Developments news

Recently listed real estate investment trust Safari Investments (SAR) on Wednesday reported a 12% rise in headline earnings per share to 28c for the six months ended September 2014. Net asset value per…

Redefine FY distributable earnings up 29.9% to GBP39.1m

2014-10-29 · Industrial Developments news

Redefine International plc (RPL) has reported a 29.9% rise in earnings available for distribution to £39.1m in the year to August from a year ago. The company said on Wednesday that distributable renta…

Fountainhead Property Trust CEO Len van Niekerk resigns

2014-10-29 · Industrial Developments news

Fountainhead Property Trust CEO Len van Niekerk has resigned and Andrew Konig‚ currently an executive director of Fountainhead‚ has been appointed as the CEO with effect from November 30‚ the company said on Tue…

Tanzania to start major port construction in 2015

2014-10-29 · Industrial Developments news

DAR ES SALAAM - Tanzania will launch construction of a major Chinese-funded sea port in 2015 to boost the trading capacity of the east African nation, a presidential statement read. The planned Indian O…

Sun International deals itself new hand

2014-10-27 · Industrial Developments news

UN International, South Africa’s second-largest casino and resort operator, is undergoing significant change after years of underperformance. But is it a good gamble for investors?…

Claassen to lead PPC after Tomes resignation

2014-10-24 · Industrial Developments news

By Nick Hedley PPC on Thursday confirmed the resignation of Richard Tomes‚ joint MD of the cement maker’s core South African business‚ and one of the business’s key sales and marketing personnel…

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