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SA Corporate Real Estate Fund Managers (Pty) Ltd (SACJ.J)

SACJ.J on Johannesburg Stock Exchange

16 Aug 2018
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2.46 (+0.55%)
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Latest Key Developments (Source: Significant Developments)

SA Corporate Real Estate Fund Managers to raise 600 mln rand
Wednesday, 5 Oct 2016 

SA Corporate Real Estate Fund Managers : Placing will price at 5.30 rand per ordinary share, raise gross proceeds of approximately 600 million rand .Increased number of placing shares to 114.2 million, representing 4.96 percent of co's share capital.  Full Article

SA Corporate Real Estate Fund Managers to raise about 500 mln rand via placing
Tuesday, 4 Oct 2016 

Sa Corporate Real Estate Fund Managers : To conduct placing of new shares in co to raise approximately zar500 million of gross proceeds .Absa corporate and investment bank is acting as sole bookrunner.  Full Article

Calgro M3, SA Corporate enter into property deal
Monday, 29 Aug 2016 

Calgro M3 Holdings Ltd : SA Corporate and Calgro M3 joint initiative and acquisition of its first phase portfolio of properties . SA Corporate subsidiary will subscribe for 51 pct and Calgro Real Estate for 49 pct of issued share capital in Afhco Calgro M3 Consortium (the company) . Effective date in respect of joint initiative and proposed transaction will be 1 September 2016 . Full initial transaction consideration amounts to R1,639 billion . Net asset value of company upon completion of initial transaction will be R1,065 billion .Co will target a net yield on property acquisition cost (including a 5 pct rental shortfall guarantee) of circa 11 pct for development projects.  Full Article

SA Corporate Real Estate six-month NAV/shr up 2.3 pct
Monday, 29 Aug 2016 

SA Corporate Real Estate Fund Managers Ltd : Interim distribution growth - 9.1 pct higher than June 2015 . Value of co's independently valued property portfolio increased by R678.8m to R13.1 bln as at June (Dec 2015: R12.4 bln) . Nav per share (446 cps) increased by 2.3 pct (Dec 2015: 436 cps) .Committed developments of R988.3 mln, acquisitions and contracted acquisitions of R868.0 mln.  Full Article