Entries by Tower Media

Tower Property Fund Academic Book Prize (R5000)

Tower Property Fund Academic Book Prize (R5000): Best Property Studies Honours Research Report which best encapsulates Green Building technologies and/or initiatives. The book prize goes to Tarryn Coles, Gemma Watson and Anthony Testa. Pictured with them is the Head of Department Associate Professor Kathy.

Tower Property Fund 31 July 2018 Media Release

31 July 2018 TOWER LIFTS DISTRIBUTION 5% IN VOLATILE PROPERTY MARKET Cape Town – Cape-based Tower Property Fund increased its total distribution to shareholders by 5% to R275 million in volatile trading conditions in the financial year to May 2018. Tower owns a diversified portfolio of 46 properties in South Africa and Croatia valued at […]

Tower Property Fund 2018 Annual Results Presentation

Financial Highlights • Distribution of 40.3 cents per share representing 5% growth from corresponding period • Distributable earnings of R266 million • Portfolio at 46 properties after the continued sale of non-core assets • Portfolio value of R4.9 billion • Market capitalisation of R2.3 billion • Loan-to-value of 39% • Net asset value of R9.68 […]

Tower Property Fund set to boost Croatian investments

Tower Property Fund is planning to bulk up its investments in Croatia as it hedges against weak economic conditions in SA, CEO Marc Edwards said on Tuesday. “We are a bit weary about conditions in SA so it is helpful to have exposure to an offshore market,” he said. Tower owns five Croatian properties, which […]