Property News

International and Residential exposure helps Emira distribution growth

Emira Property Fund CEO Geoff Jennett, says its international and residential strategies helped the company to counter the effects of the relentlessly difficult domestic economy that is impeding growth. Emira Property Fund declared a 3.1% increase in distributions for its financial year ended June 2019, thanks to a push into the USA and local residential […]

Property News

Positive interim results from Liberty Two Degrees despite weak economy

Liberty Two Degrees (JSE:L2D), which owns Eastgate Shopping Centre, posted commendable results for the six months to June 2019 Retail-focused Liberty Two Degrees (JSE:L2D), posted commendable results for the six months to June 2019, despite weak consumer sentiment. Liberty Two Degrees, whose predominantly retail property portfolio includes Sandton City, Eastgate Shopping Centre and Melrose Arch, […]

Property News

Fairvest abandons its merger offer for Safari while Comprop ups its stakes

Fairvest CEO, Darren Wilder says the company has elected, by mutual agreement, to not proceed with its friendly merger with Safari Investments. Fairvest Property Holdings today said it has abandoned its friendly merger with shopping mall owner Safari Investments (JSE: SAR), while Cape Town-based Comprop ups the stakes with its R1.8bn offer. The announcement comes […]

Property News

Buying or renting? Know who pays for what

Buyers are often shocked to find just how much they have to pay in transaction costs and just how involved the process of buying a property can be, says Dinis Martins, licensee for Seeff Somerset West. It is a fantastic time to buy and with the interest rate drop, property is more affordable than what […]

Property News

Fourth industrial revolution, employment shifts drive new real estate trends

As the economic and growth data of the country continues to paint a bleak picture, it also tells the story of employment and entrepreneurial shifts driving new trends in terms of where we live and work according to the Seeff Property Group. The good old office out in an industrial area which requires a long […]

Property News

Rebosis and Delta agree to merge

Rebosis and Delta agree to engage in merger talks Johannesburg – 6 August 2019– The Boards of listed property funds, Rebosis and Delta, have reached an in-principle agreement for the two funds to merge, which will create the largest black-owned and managed entity with assets worth approximately R25 billion, if approved by shareholders and regulators. […]

Property News

Finding the best property investment in Europe

Buying in a property ‘hotspot’ will considerably improve the success of your overseas investment. However, finding a hotspot in an area you don’t know well can be challenging and so it’s best to ask the experts. International property specialist and founder of Hurst & Wills, Lisa Bathurst, gives some tips on how to spot a […]

Property News

Growthpoint Investec African Properties steps up its acquisition trail in Africa

Growthpoint Investec African Properties (GIAP), the pan-African real estate investment business managed by Growthpoint Investec African Property Management, has advanced the execution of its strategy to aggregate a quality portfolio of prime income-producing commercial assets in select cities across Africa. GIAP, established as a joint venture between Growthpoint Properties and Investec Asset Management, announced today […]

Property News

FNB Property Insights – Retail Property’s Consumer Challenges

The key issue currently facing the Retail Property Sector is arguably the financial condition of the consumer, although our recent broker surveys record online retail and retail space affordability challenges as noteworthy factors too. And the challenges facing the consumer are more than just about the direct economic growth impact on income. Source: Propertywheel.co.za | […]

Property News

GBCSA awards V&A Waterfront’s Victoria Wharf with 5 Star rating

The V&A Waterfront’s far reaching waste management and recycling practices has earned the property a prestigious Green Buildings Council of SA (GBCSA) 5 Star Green Star Existing Building Performance v1 certification (EBP v1) for the popular Victoria Wharf Shopping Centre – the highest rating for any existing shopping centre in South Africa. The Shopping Centre, […]

Property News

Ever-increasing trend towards sectional title living

Today’s fast-paced and busy lifestyle dictates that for many people, convenience is a key factor critical in decision-making when it comes to buying or renting a home. Coupled with a trend towards smaller living spaces which enjoy reduced monthly utilities and maintenance costs, or which are better suited to a change in lifestyle, this has […]

Property News

SA Corporate bidding war looms as Dipula cuts in on R9bn takeover

Dipula Income Fund CEO, Izak Peterson says a friendly merger with SA Corporate Real Estate will unlock significant value for both companies’ shareholders Dipula Income Fund (JSE: DIA), one of SA’s black-owned property group, has unveiled a takeover bid for SA Corporate Real Estate (JSE: SAC), saying it intended to acquire all the linked units […]

Property News

Berlin and Paris lead prime global residential growth

Significant increase in Cape Town values over past 5 years Price growth across the world’s leading prime city housing markets has continued to slow during the first half of 2019, rising by just 0.4%, taking the annual growth to 0.7%. This compares to an annual increase of 5.1% in the year to June 2018. “There […]

Property News

The next wave of property development in Africa is coming

The past decade has seen South African property developers and investors forge their way up the African continent and then pull back. As they withdraw, a new wave of property progress is building – a more sustainable one – without them. The Africa Property Investment (API) Summit has tracked developments on the African property landscape […]

Property News

Comprop launches R1.8bn takeover bid for Safari Investments

Safari Investments (JSE: SAR) which owns Mamelodi’s Denlyn Shopping Centre in Pretoria, said it had received a R1.8 billion cash buy-out offer from Community Property (Comprop). Unlisted property group, Community Property (Comprop) has launched a R1.8-billion buy-out abid to acquire the entire issued share capital of JSE-listed mall owner Safari Investments (JSE: SAR). Backed by […]

Property News

Liberty Two Degrees implements ongoing strategic building blocks

Liberty Two Degrees Limited (“L2D”), the South African focused, retail REIT, today announced its results for the six months ended 30 June 2019. The property portfolio valued at R10.2 billion reported net property income of R337.8 million compared to R272.8 million in the prior corresponding period. The increase is as the result of net property […]

Property News

Global mixed-use trends evident on South African shores

It’s great to report some good news for the Cape Town property market as work commences on major new developments, chief among them the Amdec Group’s R15bn Harbour Arch precinct, located on the site that previously housed the Culemborg automotive dealerships. Early purchasers will be reaping the rewards of buying into Harbour Arch, but there […]

Property News

Three ways to spot a bad tenant

In today’s economic climate, wasting time, energy and money on a tenant that will default on payments or stop paying completely is just not an option. And yet, in Q1 2019, almost 40% of tenancy applications were classified as either ‘high risk’ or ‘very high risk’, according to the PayProp Rental Index, a leading quarterly […]

Property News

Atterbury Asset Managers partner with Excellerate Property Services

Atterbury, the leading South African property developer and investor, has launched a new property services joint venture with Excellerate Property Services (EPS) designed to add significant value to its properties under management. ATTX, as the new property management partnership is named, is a game-changing endeavour. It applies a novel vertically-integrated joint venture approach to property […]

Property News

R1.8 billion Comprop offer for Pretoria-based low LSM retail property fund

Safari Investments, the Pretoria-based low LSM retail property fund, today announced the receipt of a firm intention proposal from Community Property Company (“Comprop”), an unlisted property fund in the Futuregrowth Asset Management stable, to make a R1.8 billion all cash clean offer to acquire the entire issued share capital of Safari Investments. The Comprop Offer […]