Balwin Properties, which made an entry on the JSE in October, on Wednesday announced its financial results for the six months ended 31 August 2015.
Retail-focused Vukile Property Fund grew its distribution payouts by 7% in the half year to September, slightly below expectations. But CEO Laurence Rapp said he was pleased at how the company’s portfolio had been refined..
JSE-listed Vukile Property Fund recorded 7% growth in distributions per share for its half year to 30 September 2015.
South African listed property once again ranked high among the country’s top companies earning the most for shareholders.... Full story
Murray & Roberts, already facing possible claims for death and injury after last month's pedestrian bridge collapse in Johannesburg, is expecting to be hit with penalties of R5-million to R6-million due to delays in the project.... Full story
Total income for SA's tourist accommodation industry rises 8.1% in nominal terms in July 2015 compared with July 2014.... Full story
In a ground-breaking move and first for South Africa, Nedbank and Development Bank of Southern Africa (DBSA) agreed to collaborate on funding sustainable green housing in the affordable housing market.... Full story
Western Cape >>
Sales to foreign buyers across Cape Town’s Atlantic Seaboard and City Bowl are down by more than 30% year-on-year despite the more attractive pricing facilitated by the slump in the value of the rand against the Pound Sterling, Euro and Dollar.... Full story
Hammarsdale, west of Durban is on a roll, thanks to Keystone Industrial Park, to be built at an estimated cost of R6 billion.... Full story
Dual currency funding structures can bring stability and robustness to real estate deals in sub-Saharan Africa, as developers and retailers seek solutions to the volatility currently faced in their domestic economies. ... Full story
Company News >>
Stor-Age Property REIT becomes South Africa's first self storage property fund to list on the JSE's main board, bringing to the market a R1.3 billion portfolio of properties.... Full story