Property News

Capco announces sale of Earls Court interests for £425m

Capco has announced the exchange of contracts for the sale of its interests in Earls Court,excluding Lillie Square, to APG and Delancey (on behalf of its client fund) for £425 million. This transaction is consistent with Capco’s strategy of monetising investments at Earls Court over time with a focus on growing its central London property […]

Property News Uncategorized

Rebosis’ retail portfolio cushion it despite tough trading market

Rebosis Property Fund, the JSE’s first listed black-managed REIT, has posted a solid set of results thanks largely to a focus on mainly driving a robust improvement on its operating performance and the quality of underlying assets from its asset management team.   Rebosis reported its results for the year ended 31 August 2019. The […]

Property News

Investec Property Fund sees distribution growth driven largely by performance of the offshore portfolio

Despite subdued South African economy and its impact on tenant base, which continues to constrain the growth of its local portfolio, Investec Property Fund Limited (IPF or the Fund) on Tuesday posted an interim dividend of 70.93 cents per share (cps) for the six months ended 30 September 2019 (2018: 68.81 cps). This represents DPS […]

Property News

Lightstone’s in depth overview of Gauteng’s property market

According to recently released data from Lightstone, Riverside View (located in the Northern Suburbs of Johannesburg) is the suburb with the highest volume of first-time buyers in Gauteng. The Riverside View Housing and Development Programme (RDP) began in 2016 and has offered first time buyers the unique opportunity to enter the property market. These findings […]

Property News

Investec Property Fund delivers robust performance

Investec Property Fund Limited has announced an interim dividend of 70.93 cents per share (cps) for the six months ended 30 September 2019 (2018: 68.81 cps). This represents DPS growth of 3.1% year-on-year which is line with guidance provided in May. Guidance for the full year is maintained between 3% and 5%. South Africa The […]

Property News

SA REIT’s 2nd Edition of Best Practice Recommendations published

The SA REIT (Real Estate Investment Trust) sector has published the Second Edition of its ‘Best Practice Recommendations’ to enhance the transparency and comparability of financial reporting by SA REITs. The SA REIT structure was introduced to South Africa in 2013 and the first SA REIT Best Practice Recommendations (BPR) guide was published by the […]

Property News

Indluplace announces new staff appointments to focus on growth for 2020

Indluplace Properties has reinforced the strength of its management team with new appointments to continue driving improvements in operational and letting performance in the year ahead. The portfolio has grown rapidly through acquisition over the past two years and as a result Indluplace has increased its head office complement from four to eight people over […]

Property News

Sunningdale’s R40m music academy and theatre due for completion in 2021

A R40 million music academy to serve the needs of aspiring young musicians in the West Coast and northern suburbs of Cape Town is being built on Berkshire Boulevard, Sunningdale, by Garden Cities, as the new headquarters of the internationally-recognised M&M Music Academy, established in 2004. Included in the plans is a 300-seat theatre, the […]

Property News

Psychology of pricing and six myths that prevent a property sale

Although improving, the property market remains largely favourable for buyers while sellers have to compete for the limited pool of buyers in a market which is generally still overstocked. While pricing is important in any market, it is especially so in this market, says Samuel Seeff, chairman of the Seeff Property Group. He says that […]

Property News

Serenity and peace of mind make Silverhurst one of SA’s top estates Terrace Hill home epitomizes the best of estate living

Residential estates are becoming increasingly popular, especially among high-net-worth buyers wanting to combine an enviable lifestyle with the peace of mind these secure estates provide, says Pam Golding Properties. In fact, property data shows that residential estates account for nearly 20% of market share, underlining the demand for secure living in a beautiful setting. Silverhurst […]

Property News

2020 and beyond: what’s in store for real estate?

Influenced by a multitude of factors and operating in regular cycles, the real estate industry has always been one of the most dynamic, but in recent years the changes have become progressively dramatic with the next decade poised for even more significant transformation. “Two decades ago, the way that top agents best serviced their clients […]

Property News

Corobrik passes R1bn investment with new Driefontein mega factory

Corobrik will see investment pass the R1-billion mark within the next two years as it readies its R800 million new mega factory in Driefontein for full production and begins to build a second new plant in KwaZulu-Natal. Speaking at the second South African Investment Conference at the beginning of November, chief executive, Dirk Meyer, told the […]

Property News

Rebosis reports retail trading density up by 5.4% in latest results

Rebosis Property Fund, the JSE’s first listed black-managed REIT, has reported its results for the year ended 31 August 2019. The Fund reported excellent operating performance with a 100% success rate of lease renewals on large office expiries of over 200 000 GLA in the reporting period, a good trading density as well as  robust footfall […]

Property News

Should you be taking your Money Offshore?

Lisa Bathurst, Director at Hurst and Wills discusses whether now is a good time to move your money offshore. Last week’s news that Moody’s kept South Africa’s investment rating as one notch above junk but revised its outlook from stable to negative, seems to spell a junk status downgrade in the near future unless Government […]

Property News

Tax and Forex in Africa from a property perspective

A combination of political volatility, regulatory uncertainty and economic stagnation has seen South Africa understandably falling out of favour with local and global property investors of late. However, much of the rest of Africa remains a relatively attractive investment proposition across a variety of sectors, including real estate. Of course, lumping all of Africa together […]

Property News

South African REITs featured among JSE’s most empowered companies

Five South African REITS have been named among ‘The Top Empowerment Companies of 2019‘ in this year’s The Empowerment Report. In order of most empowered, the REITs are: Arrowhead Properties, Redefine Properties, Growthpoint Properties, Equites Property Fund, and Rebosis Property fund. According to the scorecards for the report, compiled by Intellidex and published by Business […]

Property News

V&A Waterfront achieves Diamond class status

The V&A Waterfront has become the first African company of its size and magnitude to achieve Diamond class status under the Heritage Environmental Management classification. The V&A Waterfront’s journey with Heritage Environmental Management began in 2012 with a Silver classification. After establishing a Sustainability Committee, the Waterfront soon rose to Gold and then Platinum classification. […]

Property News

Spear announces acquisition of Liberty Life’s Regional Head Office

Spear REIT Limited has announced the acquisition of the Liberty Life Regional Head Office from Liberty Group and 2 Degrees Properties for R370 million. The property comprises of 18 244m2 of AAA Grade corporate office space situated in the sought-after Waterview Park Precinct of Century City in Cape Town. The anchor tenants in the property […]

Property News

Lightstone Residential Property Indices (October 2019)

As at the end of September 2019, the national house price inflation index was at 2.9%. The market has been ranging in the 2% – 5% zone for some time now following a slowdown in recent months as shown by the provincial indices. Over the past few years, the western Cape’s performance were unrivaled but […]

Property News

Redefine to focus on reducing balance sheet risk for quality earnings

Redefine Properties has lifted its full year distributable income by 4% to 101 cents per share for the year ended 31 August 2019, with total group assets exceeding R100 billion for the first time. It is also the first time that full year distribution per share has breached the R1 level. Redefine continues to benefit […]

Property News Uncategorized

Rebosis’ retail portfolio cushion it despite tough trading market

Rebosis Property Fund, the JSE’s first listed black-managed REIT, has posted a solid set of results thanks largely to a focus on mainly driving a robust improvement on its operating performance and the quality of underlying assets from its asset management team.   Rebosis reported its results for the year ended 31 August 2019. The […]

Displaced minibus-taxis to relocate to Foreshore holding area