Property News

Spear REIT launches one of South Africa’s first self-isolation unit offerings

JSE listed Spear REIT Limited, the owner of the Double Tree by Hilton Cape Town, is the first in South Africa to launch an innovative self-quarantine accommodation solution. Francois Steyn, Hospitality Asset Manager at Spear REIT highlights that: “Guests will be received and made to feel at home. There is enough trauma associated with being […]

Property News

Ex-RMB CCO to join forces with Heartwood Properties

Peter Gent, ex-RMB Chief Operating Officer, has been appointed as an independent, non-executive director to the board of directors of commercial property development company, Heartwood Properties, who are listed on the 4AX (4 Africa Exchange). He will also serve as a member of the audit and risk committee, and investment committee. Gent is currently an independent management consultant whose […]

Property News

Growthpoint Properties attributes solid results to internationalisation

Norbert Sasse, Group CEO of Growthpoint Properties, attributed the company’s increase in distributable income and asset value to its growth strategies, specifically internationalisation. Growthpoint now has 35.2% of its assets offshore, contributing 24.3% to its earnings before interest and tax (EBIT). Growthpoint Properties last week reported distributable income growth of 2.2% to R3.2bn, an increase […]

Property News

Arrowhead on track despite challenging environment

Arrowhead Properties has reported, during an investor update, that its portfolio is performing in line with expectations despite the prevailing uncertainty in the market. Impressed with the team’s hands on asset and property management, CEO Mark Kaplan commented: “The additional hands on deck employed over the past two years have certainly made a difference to our […]

Property News

Tranquil, rural lifestyle in the city attracts buyers to the established secure Kyalami Estates in Midrand 

  Offering 16 parks, five dams and some of the most spacious homes in Midrand, Kyalami Estates continues to attract buyers looking for a well-located and secure environment. When it was developed in 1998 by Anglo American Properties, Kyalami Estates was one of the first of its kind. It has remained a perennial favourite, largely […]

Property News

Atterbury’s Richmond Park secures new Aramex Cape Town facility

Property investor and developer Atterbury has been awarded the contract to develop a new distribution facility for Aramex South Africa in Richmond Park, Milnerton, Cape Town. The development and long-term lease agreement were awarded to Richmond Park Development Company after a comprehensive request for proposal process managed by Broll, which began mid-2019. Aramex is a […]

Property News

Indluplace’s residential portfolio reports good letting progress

Indluplace Properties has reaffirmed the position of its portfolio in an investor update published recently published to the market. The Company that listed almost five years ago (and provides homes to households with incomes ranging from R7 500 to R30 000 per month) stated that its portfolio has performed in line with expectations despite prevailing economic […]

Property News

Registration is open for the fourth biennial SA REIT Conference

Registration is now open for SA’s incisive one-day REIT event that brings together hard-hitting global and local influencers from the listed property sector. The South African Real Estate Investment Trust Association (SA REIT) has announced that registration has opened for the highly anticipated SA REIT Conference 2020. The fourth biennial SA REIT Conference will take […]

Property News

South Africa’s first green home loan launched by Balwin and Absa

JSE-listed Balwin Properties Limited and Absa Group Limited has launched South Africa’s first green home loan, the Absa Eco Home Loan. The announcement follows on Balwin’s EDGE registration in June 2019 of over 16,000 units, a world first. The conceptualisation and launch of the Eco Home Loan is another milestone in the Company’s ongoing commitment to sustainable development […]

Property News

Vacancies drag down SA Corporate Real Estate Fund

SA Corporate Real Estate Fund (JSE: SAC), which owns Boksburg’s East Point, reported increased vacancies due to SA’s weak economy. SA’s economic conditions dragged down SA Corporate Real Estate Fund’s performance for its financial year to December 2019, reporting a rise in vacancies. Amid a difficult period for most landlords in the country, SA Corporate, […]

Property News

A look at ambitious R500 billion smart cities planned for Gauteng

Artist impression showing Lanseria’s smart-city, Gauteng. The Gauteng Provincial Government plans to forge ahead developing R500 billion mega smart cities including a new university over the next 10 years. President Cyril Ramaphosa revealed in his state of the nation address on Thursday on 13 February that a new smart-city is taking shape in Lanseria, Gauteng. […]

Property News

Growthpoint reports a steady first half

Growthpoint Properties has reported distributable income growth of 2.2% to R3.2 billion, an increase in dividends per share of 0.2%, and a 14.9% increase in group property assets to R160.2 billion for its six-month period to 31 December 2019. The company delivered half-year results in line with market guidance, while boosting the diversification of its […]

Property News

Standard Bank funding model aids Growthpoint Investec African Properties Sub-Saharan footprint

A funding solution from Standard Bank’s Real Estate Financing division has helped Growthpoint Investec African Properties Limited (GIAP) expand its sub-Saharan footprint, following the acquisition of properties from the RMB Westport Fund I (RMBW). Standard Bank acted as Mandated Lead Arranger, underwriter and coordinator and agency functions with transactional banking solutions to follow. Historically, property […]

Property News

Growthpoint Properties faces 11% Office vacancies

Growthpoint Properties Group CEO Norbert Sasse says It’s been an exceptionally tough six months and we are pleased with the strategic progress achieved. Strains facing the commercial property industry left South Africa’s largest listed REIT Growthpoint Properties [JSE: GRT] with a significant lettable vacancy in its office portfolio. At the end of the group’s interim […]

Property News

The conversation about women in property’s leadership isn’t over

The data doesn’t lie: when women occupy positions of leadership, businesses are more resilient, employees more engaged, and bottom lines more robust. Research conducted across a wide range of sectors and geographic locations offers evidence of this, and yet women are still often unempowered, boardrooms mostly dominated by men, and the gender pay gap largely […]

Property News

Balwin sells 555 apartments in four days for R850 million

Balwin Properties has announced record opening weekend sales at its R9 billion development in Waterfall, Midrand.   “We’ve been absolutely inundated by interested buyers over the past four days,” commented Steve Brookes, founder and CEO of Balwin Properties. “We achieved sales totaling R850 million since opening to the public on Thursday last week with a record 555 […]

Property News

No load shedding for Mzuri’s residents with the Somerset West estate offering off-the-grid living

 The residents of Mzuri, a new residential estate in Somerset West, will not be left in the dark during load shedding, thanks to the developer’s forward-thinking investment in alternative energy options. Basic electricity is supplied by the City of Cape Town but every resident will have the option to install either a solar PV array […]

Property News

UK-China Infrastructure Alliance to play a key role in infrastructural projects to cater for growing Africa population

China and UK business networks have agreed to build a strategic partnership for the 21st century to promote commercial collaboration and knowledge-sharing, with the objective of building high-quality, sustainable infrastructure, including projects on the African continent. The initiative has the support of both UK and Chinese Governments, each of which have substantial and growing ties […]