Edition:
India

Accelerate Property Fund Ltd (APFJ.J)

APFJ.J on Johannesburg Stock Exchange

300.00ZAc
16 Aug 2019
Change (% chg)

5.00 (+1.69%)
Prev Close
295.00
Open
295.00
Day's High
300.00
Day's Low
294.00
Volume
1,608,797
Avg. Vol
294,161
52-wk High
520.00
52-wk Low
220.00

Latest Key Developments (Source: Significant Developments)

Accelerate Property Fund Says Total Distribution Per Share For Year 50,97109 Cents
Thursday, 20 Jun 2019 

June 20 (Reuters) - Accelerate Property Fund Ltd ::CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2019.TOTAL DISTRIBUTION PER SHARE FOR YEAR 50,97109 CENTSVS 57,54512 CENTS.FY NET ASSET VALUE 8,0 BILLION RAND VERSUS 7,8 BILLION RAND.FY HEADLINE EARNINGS PER SHARE 45,26 CENTS.  Full Article

Accelerate Property Fund Announces Disposal Of Wanooka Place
Friday, 1 Mar 2019 

March 1 (Reuters) - Accelerate Property Fund Ltd ::THE DISPOSAL BY ACCELERATE OF WANOOKA PLACE.PROPOSED DEAL FOR CASH CONSIDERATION OF R240 MILLION.PROPOSED DEAL FOR APF INTENDS TO UTILISE FULL SALE PROCEEDS TOWARDS REDUCTION OF DEBT.IN ANTICIPATION OF FOURWAYS EQUALISATION, CO SET ASIDE R1,7 BILLION OF NON-CORE PROPERTIES FOR SALE, SET TARGET LTV RATIO OF 35%.PROCEEDS FROM SALE OF NON-CORE PROPERTIES WILL BE USED TO EITHER REDUCE DEBT OR BUY BACK ACCELERATE SHARES.  Full Article

Accelerate Property Fund Says Tito Mboweni Resigns As Chairman
Friday, 12 Oct 2018 

Oct 12 (Reuters) - Accelerate Property Fund Ltd ::RESIGNATION OF CHAIRMAN.TITO MBOWENI HAS RESIGNED AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF BOARD OF DIRECTORS.GERT CRUYWAGEN, LEAD INDEPENDENT DIRECTOR OF BOARD, HAS BEEN APPOINTED AS TEMPORARY CHAIRMAN OF BOARD.  Full Article

Accelerate Property Fund Drops Plans To Buy A Polish Industrial Portfolio
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Accelerate Property Fund Ltd ::‍UPDATE ON FOURWAYS MALL REDEVELOPMENT AND PROPOSED ACQUISITION​.‍CONSTRUCTION WORK ON REDEVELOPMENT AND EXPANSION OF FOURWAYS MALL CONTINUES TO PROCEED ACCORDING TO SCHEDULE​.ACCELERATE PROPERTY FUND- ‍SHAREHOLDERS ARE ADVISED COMPANY WILL NO LONGER BE PURSUING PROPOSED ACQUISITION OF A POLISH LIGHT INDUSTRIAL AND LOGISTICS PORTFOLIO MENTIONED ON NOV 20​.  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