Edition:
United Kingdom

Accelerate Property Fund Ltd (APFJ.J)

APFJ.J on Johannesburg Stock Exchange

515.00ZAc
22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Accelerate Property Fund Reports FY Diluted HEPS 50,12 Cents
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Accelerate Property Fund Ltd ::FY NET ASSET VALUE GROWTH OF 6,9%.FY REVENUE OF 1.21 BILLION RAND VERSUS 1.1 BILLION RAND YEAR AGO.FY DILUTED HEADLINE EARNINGS PER SHARE 50,12 CENTS.CONTINUES WITH SALE OF NON-CORE PROPERTIES,REINVESTMENT IN CORE PORTFOLIO FOR ORGANIC GROWTH IN PROPERTY VALUES, POTENTIAL BEE DEAL.FUND EXPECTS ASSET SALES, REINVESTMENT IN CORE PORTFOLIO ETC TO CONTINUE TO REDUCE GEARING DURING 2019 FINANCIAL YEAR.  Full Article

Accelerate Property Fund announces ‍proposed acquisition of offshore light industrial and logistics property portfolio​
Monday, 20 Nov 2017 

Nov 20 (Reuters) - ACCELERATE PROPERTY FUND LTD ::‍PROPOSED ACQUISITION OF AN OFFSHORE LIGHT INDUSTRIAL AND LOGISTICS PROPERTY PORTFOLIO​.‍ACQUISITION OF 100% OF ISSUED SHARE CAPITAL OF THREE SPECIAL PURPOSE VEHICLES (SPVS) FOR AGGREGATE PURCHASE CONSIDERATION OF EUR 41.9 MILLION.TRANSACTION ‍IS EXPECTED TO BE ACCRETIVE TO APF'S CURRENT FORWARD DISTRIBUTION YIELD​.  Full Article

SA's Competition Tribunal approves Accelerate Property-Laritza deal
Thursday, 4 Aug 2016 

South Africa's Competition Tribunal: Approved proposed merger between Accelerate Property Fund and Laritza in relation to a Western Cape Lifestyle Centre, Eden Meander Lifestyle Centre. Further company coverage: [APFJ.J].  Full Article

SA's competition body says Accelerate Property-Laritza deal not expected to impact competition
Wednesday, 3 Aug 2016 

S.Africa's Competition Tribunal: Commission said it does not expect the deal between Accelerate Property Fund Ltd and Laritza Investments No 183 Ltd to have any competition impact Further company coverage: [APFJ.J] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Accelerate Property says issues 16.9 mln shares
Monday, 25 Jul 2016 

Accelerate Property Fund Ltd :Shareholders holding 364 million shares or 48.46% elected to receive re-investment alternative, resulting in issue of 16.9 million shares.  Full Article