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Growthpoint Properties has announced a 5% growth in distributable income to R3.1 billion with revenue from the group increasing 4.3% for its half-year to the 31st of December 2018, representing dividend growth of 4.5% per share for investors. The group’s solid set of results deliver on market guidance and places Growthpoint on track to achieve […]

Heartwood Properties is the first company to successfully conduct a capital raise on the exchange operated by 4AX. The commercial property development company’s capital raise, which took place towards the end of last year, was fully subscribed in terms of which 4.5 million new ordinary shares were issued to participants, resulting in the shareholder’s base […]

Listed property experienced a rough ride in 2018 with average share prices losing more than 25% and investors are cautioned to carefully assess the risks as the volatility is likely to continue. The asset class delivered a negative return of 25.2% for the 12 months ending in December 2018. This affected the three-year return, with […]

Growthpoint Properties says it will have to rely on its international properties for growth, as it expects “little to no growth” from its SA portfolio due to deteriorating conditions in the local real estate sector. Most growth in the year to end-June 2019 will come from the real estate investment trust’s (Reit) international investments, Growthpoint […]

EPP CEO, Hadley Dean says the company has experienced three consecutive years of growth. We currently have 100 million people visiting our shopping centres each year Poland’s retail landlord, EPP, last week said it had grown the size of its portfolio to R4 billion (EUR2.5 bn) mark. In its financial year which ended December 2018, […]

Woodmead is increasingly becoming a hotspot for technology companies. Altron will take up occupancy at The Woodland Office Park in November 2020 Home to many giants, Woodmead is increasingly becoming a hotspot for technology companies — SA Commercial Prop News has learned. When people of Johannesburg’s northern suburbs think of the Woodmead area, most probably […]

Barlow Park Precinct mixed-use redevelopment in Sandton, will start before mid-year, according to the owners. Home to many of South Africa’s largest corporates, Sandton is in for another commercial transformation, with a collaboration of three companies investing over R3 billion to redevelop Barlow Park precinct. Located at 180 Katherine Street in the financial capital of […]

Atterbury has taken the next step in its leadership succession plan in restructuring and realigning its executive management. Atterbury founded a European business in 2014, effectively managed from the Netherlands by CEO Henk Deist, Armond Boshoff has been appointed CEO of Atterbury (South Africa) after serving fifteen months as Deputy CEO and before that, as […]

Investec Australia Property Fund has announced the acquisition of a low-rise office building in Symonston, Canberra for AUD 29 750 000, representing an initial yield of 6.93%. The property’s total gross lettable area spans 4 720 square meters of which includes a data centre component of 680 square meters including 113 parking bays. Situated at 24 Wormald Street, […]

PKM Developments, the joint venture between MAS Real Estate Inc. and Prime Kapital, completed three new value centres in Romania in November and December 2018. Central and Eastern European markets have recently begun to outstrip Western Europe in terms of economic growth. MAS Real Estate (JSE: MSP) has made significant inroads into the region, helping […]

Last week’s NERSA decided to allow a further above-inflation tariff hike. Whilst the 9.4% increase granted for 2019 wouldn’t appear too harsh in isolation, one has to evaluate the trend of tariff hikes well in excess of CPI inflation over more than a decade, which has significantly altered property operating costs and thus property affordability. […]

The Rental Housing Amendment Act 35 of 2014 has been on the cards for some time, and once it is in place, landlords and tenants will have six months to comply with the new legislation. Currently, no date has been set for implementation but many experts believe it is imminent. “With serious repercussions that will […]

Following the probe into fraudulent misconduct into the South African Council for the Architectural Profession (SACAP), industry stalwarts are hopeful that new leadership will reposition the repute and stature of the profession to ultimately increase the quality of new infrastructure nationwide. According to Sheldon Jennings, Architect and founder of Archimedes Design, poor governance of the […]

The National Energy Regulator of South Africa (Nersa) granted Eskom a 9.4% tariff hike for this year along with an increase of 8.1% for 2020 followed by 5.2% the following year. The National Energy Regulator of South Africa (Nersa), on Thursday granted struggling state power firm Eskom a 9.4% tariff hike for this year, along […]

Co-operative Governance Minister Zweli Mkhize recommends Prepaid meters as a solution to Eskom’s R24bn municipal debt According to Co-operative Governance Minister Zweli Mkhize, Eskom was owed more than R24 billion by the end of December, up from R17 billion in July last year. The Minister made the revelation in the national assembly on Wednesday while […]

And what is the difference between a reserve and a guide price? With auctions now generally accepted as a quick and effective way of fetching a market-related price for both commercial and residential property, the advent of purely on-line bidding – with bidders who may be located anywhere in the world – raises the question […]

Africa’s leading forum on the built environment sector – the Royal Institution of Chartered Surveyors (RICS) Summit Africa 2019 – is set to be hosted in Johannesburg’s financial district of Sandton Central in May. The fifth annual RICS Summit Africa will take place at Sun International’s Maslow Hotel Conference Centre from 29-30 May 2019 and […]

Poland’s EPP has released record results for the group’s financial year which ended on the 31st of December 2018. The group reported distributable earnings of €96 million, representing a 26% increase from the prior year. EPP has announced a dividend of €11.60 cents, up 6.7% from 2017 with the company’s total assets of €2.5 billion, […]

Real estate helped South Africa’s economy grow 0.8% in 2018, Statistics South Africa announced on Tuesday. Gross domestic product figures continue to tell a good news story about South Africa’s Real Estate industry. South Africa’s economy grew by 1.4% in the fourth quarter of 2018‚ contributing to an overall growth rate of 0.8% for the […]

Hyprop Investments CEO, Morné Wilken, says the group is looking to reduce sub-Saharan Africa exposure after its Nigerian and Ghanaian property portfolio displayed lackluster performance. Clearwater Mall owner, Hyprop Investments (JSE: HYP) has raised R403 million (€25 million) worth of capital planned for its South and Eastern Europe (SEE) retail assets expansion — and seeks […]

Melt Hamman, CEO of Attacq says, “We are very pleased with our half year results and the progress made in the transition from a capital growth business model into a REIT. South Africans invested in Mall of Africa owner, Attacq Limited (JSE: ATT), are laughing all the way to the bank as they are well […]

The release of demand-side GDP statistics showed a very weak situation in the two property-related categories of fixed investment, i.e. residential and non-residential buildings fixed investment. These are heavily influenced by new building activity. Real residential fixed investment saw a further year-on-year decline in the fourth quarter of 2018, to the tune of -6.79%, whilst […]

Cape Town’s CBD has welcomed the newly launched luxury mixed-use building, The Rubik. The development is located on the corner of Loop and Riebeek Streets, consisting of premium residential apartments above luxury offices and high-end retail space which is housed within a distinctive modern glass clad ‘tiered’ building which is reminiscent of the Rubik’s cube. […]

One thing is certain, apart from the overall inflationary impact, the spiralling cost of fuel directly impacts on the demand for conveniently situated, sectional title property in key economic hubs – close to the workplace, schools and all amenities. Says Dr Andrew Golding, chief executive of the Pam Golding Property group: “Due to rising global […]

While it is still early days, the exciting news around the Total gas find off the coast of Mossel Bay is set to be a major boost for the Garden Route property markets according to Seeff’s licensees. Stephen Larkin, an expert in Southern Africa oil and gas exploration and CEO of Africa New Energies has […]