Property News

Despite ongoing economic headwinds and sustained consumer pressure Balwin experiences strong demand for lifestyle apartments

Balwin experienced strong demand for its lifestyle apartments for the year ended 28 February 2019, despite ongoing economic headwinds and sustained consumer pressure. Balwin Chief Executive, Steve Brookes comments: “We are satisfied with the results and our continued focus on new growth opportunities are expected to be a major catalyst in increasing sales and profitability […]

Property News Uncategorized

Gemgrow Properties reshapes its once heavy-weight office property portfolio to a more diversified one due to weak market

JSE-listed South African-focused REIT Gemgrow Properties has reshaped its once heavy-weight office property portfolio to a more diversified one in an effort to navigate the treacherous weak market. Gemgrow derives 39% of its income from office, 36% from retail and 25% from industrial. Vacancies have increased in line with expectations from 7.6% at year-end to 9%. This […]

Property News

Spear reports 21.62% increase in asset value

Spear REIT Limited, a Real Estate Investment Trust (REIT) listed on the JSE, reported its annual financial results this week, posting double-digit earnings growth amidst a dampened economic environment for the South African listed real estate sector. Spear’s management team implemented solutions to the challenges faced in the region in which it operates, through a […]

Property News

Izandla Property Fund celebrates Completion of its largest asset to Date

Izandla Property Fund has announced the completion of the development of a new logistics warehouse and offices measuring 17,020m² for the Wax Division of Sasol Chemicals, located in the Sasol ChemCity Eco-Industrial Park in Sasolburg, Free State. The opening of the building on the 16th May marks the successful culmination of Izandla’s first development project and […]

Property News

Useful tips when bidding on-line to buy a home

Over the past several years South Africans have become comfortable with and accustomed to making purchases on-line. Which is why on-line auction property transactions make perfect sense. So says MC du Toit, CEO, Property Sales for BidX1 South Africa: “Now acquiring property for sale on auction via an on-line platform is rapidly becoming a convenient […]

Property News

Emira adds another two shopping centres to its USA retail property portfolio

Emira Property Fund has made two further equity investments into grocery-anchored dominant shopping centres in the USA, both located in the state of Texas. This furthers Emira’s growing US investment strategy through which it has now assembled a portfolio of eight value-focused retail centre assets in thriving states of the world’s largest economy. Geoff Jennett, […]

Property News

Post-election rebound anticipated for SA’s residential property market

The generally market-friendly election outcome will in all likelihood create a degree of certainty and stability and go some way towards addressing the issues currently affecting confidence in the South African economy – and as a consequence have a positive effect on the South African residential property market, says Dr Andrew Golding, chief executive of […]

Property News

Selling property is risky business

Property is a significant financial asset and the sale thereof should not be taken lightly. Samuel Seeff, chairman of the Seeff Property Group says that real estate transactions are now complex with well over 20 pieces of legislation governing various aspects, and the list continues to grow daily. It is becoming ever-more onerous for property […]

Property News

Johannesburg’s housing market rising in the East

Well positioned in close proximity to the City of Ekurhuleni’s Aerotropolis, which is being developed around OR Tambo International Airport, Johannesburg East has emerged into the spotlight as a strategically well-positioned location for home owners and businesses alike. Says Nelson Ferreira, Pam Golding Properties area principal in Johannesburg East: “No longer can this region be […]

Property News

L2D to implement a ‘no plastic shopping bags’ policy across its malls

Liberty Two Degrees (L2D), a South African precinct focused retail-centredREIT, has announced its commitment to create a sustainable environment by implementing a ‘no plastic shopping bags’ policy across its malls by 1 January 2020. L2D believes that the future of retail is defined by a continued adaption of standards that meet national and global sustainability […]

Property News

Liberty Two Degrees is taking a bold step to eradicate plastic shopping bags across its malls

Liberty Two Degrees (L2D), a South African precinct focused retail-centredREIT, is excited to announce its commitment to create a sustainable environment byimplementing a ‘no plastic shopping bags’ policy across its malls by 1 January 2020.L2D believes that the future of retail is defined by a continued adaption of standards that meetnational and global sustainability goals. […]

Property News

Redefine Properties interim income grows 4%

Redefine Properties CEO Andrew Konig says business and consumer confidence are low and this places strain in certain areas, such as the office and retail markets. Redefine Properties (JSE: RDF) which said last week that Sipho Pityana had replaced Marc Wainer as its chair, today reported that it had increased its interim distribution below inflation […]

Property News

Boom for residential estates

Boom for residential estates Despite housing markets around the world experiencing a slowdown in prices thanks to challenging economic conditions and political uncertainty, there is still potential and value in investing in property in South Africa. This is especially the case when it comes to residential estates, which are currently experiencing a boom in the […]

Property News

Redefine reports R1.9 billion offshore expansion

Redefine Properties (JSE: RDF), which has increased its distribution for the six months ended 28 February 2019 by 4.0% to 49.2 cents, despite ongoing economic and political uncertainty. Internationally held assets contributed 25.4% to income during the review period, with total assets under management increasing by R500m to R99.2 billion. Offshore expansion of R1.9 billion […]

Property News

Redefine reports R1.9 billion offshore expansion

Redefine Properties (JSE: RDF), which has increased its distribution for the six months ended 28 February 2019 by 4.0% to 49.2 cents, despite ongoing economic and political uncertainty. Internationally held assets contributed 25.4% to income during the review period, with total assets under management increasing by R500m to R99.2 billion. Offshore expansion of R1.9 billion […]

Property News

TUHF is on a mission to make SA inner cities environments where people can live, work and play

The vision for inner cities is to create environments where people can live, work and playthrough densification, mixed-use buildings and affordable housing. In August, last year, the City of Johannesburg launched the prospectus of 71 properties thathave been released to the private sector for development, hoping to see cranes operating inthe inner city soon; turning […]