Property News

Investors cautioned to carefully assess the risks as the volatility is likely to continue on listed property funds

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 […]

Property News

Growthpoint Properties to rely on its international properties for growth due to deteriorating conditions in the local property sector

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 […]

Property News

EPP grows asset base to R4 billion

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, […]

Property News

Why Woodmead is a top pick for Tech giants

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 […]

Property News

R3 billion set to elevate Sandton’s Barlow Park Precinct

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 […]

Property News

Atterbury enters executive management transition

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 […]

Property News

Investec Australia Property Fund acquires Canberra office building

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, […]

Property News

The property impact of electricity tariff hiking

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. […]

Property News

Architecture industry looks forward to stronger leadership

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 […]

Property News

Eskom granted 9.4% tariff increase

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 […]

Property News

Johannesburg to host fifth annual RICS Summit Africa

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 […]

Property News

Record results achieved by EPP for 2018

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, […]

Property News

Hyprop eyes more Europe wins than sub-Saharan Africa

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 […]

Property News

Property Insights – residential building sector review

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 […]

Property News

Cape Town’s luxury mixed-use The Rubik launches to market

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. […]