Finally, some moving and shaking in listed property
Investors have been clamouring for more mergers and acquisitions, and now they’re starting to get them
The consolidation in the R590bn listed property sector that investors have been clamouring for is starting to happen, after a year and a half of weak growth.
On Tuesday, diversified property owner SA Corporate Real Estate said it had received “expressions of interest” from funds that want to take it over. The announcement was well-received with the company’s share price climbing 5%.
Earlier this year, Fairvest and Safari Investments announced they were in talks to merge, a move approved by many market commentators...