Entries by Dylan Stipinovich

Tower Property Fund Earnings up 72% as Portfolio Grows to R4Bn

Cape-based Tower Property Fund increased distributable earnings by 72% to R109 million in the six months to November 2015 as the fund embarked on an offshore acquisition strategy. Revenue for the half year grew by 55% to R183 million and operating profit by 38% to R133 million. An interim distribution of 45.2 cents per share […]

Tower Property Fund – Investments in Croatia

Tower Property Fund has purchased a newly built office tower in Zagreb, Croatia. Marc Edwards, CEO of Tower explains that the acquisition is the first in Tower’s broader strategy of establishing an offshore operation.  “Our strategy is to seek out new markets that provide strong diversification opportunities through premium, high quality properties. Europe further offers […]

Tower Property Fund in strong growth phase

Tower Property Fund continues to grow, and as part of the funds strategy to acquire well located, quality properties, has recently announced a number of new acquisitions located in strong areas throughout South Africa. The first building is the Sunclare office block which is being purchased at a cost of R192 million.  This purchase consists of […]