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Accelerate Property Fund Ltd (APFJ.J)

APFJ.J on Johannesburg Stock Exchange

520.00ZAc
23 Nov 2017
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-12.00 (-2.26%)
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Latest Key Developments (Source: Significant Developments)

Accelerate Property Fund announces ‍proposed acquisition of offshore light industrial and logistics property portfolio​
Monday, 20 Nov 2017 03:11am EST 

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

Accelerate Property Fund FY gross rental income rises
Wednesday, 14 Jun 2017 02:00am EDT 

June 14 (Reuters) - Accelerate Property Fund Ltd ::FY gross rental income (excluding straight line rental revenue adjustment) of R1.06 billion for period (2016: R819 million).FY net property expenses of R65.8 million (2016: R47.6 million).FY distribution per share for year of 57.57 cents (2016: 53.67 cents).  Full Article

Accelerate Property Fund makes two strategic acquisitions
Thursday, 16 Mar 2017 11:30am EDT 

Accelerate Property Fund Ltd : Has completed two strategic acquisitions . Accelerate has acquired Two Erven situated in Cape Town Foreshore . Accelerate has acquired an office building situated in Sandton business district in Johannesburg anchored by Citibank .Exploring a number of other investment and development opportunities offshore.  Full Article

Accelerate Property Fund H1 distribution per share up 8.1 pct
Tuesday, 8 Nov 2016 01:00am EST 

Accelerate Property Fund Limited : Interim Financial Results For The Six Months Ended 30 September 2016 . Year-On-Year distribution per share growth of 8.1 pct . Property portfolio value of r9.1 billion (17 pct year-on-year growth),total portfolio GLA of 533 356 m2, net asset value growth of 20 pct . Gross rental income (excluding straight-line rental revenue adjustment) of r498 million for period (2015: r417 million) .Distribution per share for period of 28.766 cents (2015: 26.617 cents).  Full Article

SA's Competition Tribunal approves Accelerate Property-Laritza deal
Thursday, 4 Aug 2016 12:14pm EDT 

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 09:26am EDT 

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 09:00am EDT 

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

Accelerate Property Fund says in talks to buy offshore portfolio
Friday, 3 Jun 2016 05:00am EDT 

Accelerate Property Fund Ltd :Negotiations regarding acquisition of an offshore portfolio, if concluded, may have material impact on share price.  Full Article