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Cape Town portfolio potential helps lift Spear Reit distributions

Western Cape-based property group, Spear Reit today reported a 16.36% annual growth in distribution per share as the company continues to emerge from the COVID-19 trading environment ... Full story

Delta Property Fund's new CEO dishes out maiden results

The new boss of SA’s black-managed and substantially black-owned REIT, Delta Property Fund, today dished out record financial results for the year ended February 2022, emerging as a turn-around story.

Redefine Properties puts faith in Poland’s Real Estate market despite Russia-Ukraine war

Redefine Properties (JSE: RDF) has posted solid earnings for the interim period to 28 February 2022 despite the Russian-Ukrainian war, which borders Poland of its most significant operating territories.

Apartments lift Balwin Properties' revenue to the R3 billion milestone

Sectional title heavyweight, Balwin Properties, has been an absolute smash hit, thanks to an increase in the number of apartments handed over during the financial period ended 28 February 2022.

Major ISP with 500 employees ditches Offices and goes fully Remote

A year ago, COVID-19 forced many companies to send employees home — often with a laptop and a prayer. Now, the future is here, and it appears that some things have changed for good.

Octodec Investments takes a digital leap into convergence

Diversified real estate investment trust (Reit) Octodec Investments' growing bet on digital transformation yields benefits as the group broadens its residential offering and continues to pay down debt.

Dipula Income Fund resilient despite the odds

This was a tough half-year for SA-focused diversified REIT Dipula Income Fund, but resilience prevails across its various portfolios which include offices, retail and industrial buildings.

Inospace, Fortress Reit team up for R1,25bn Industrial logistics venture

Inospace, the owner and operator of business parks, and JSE-listed Fortress REIT Limited, are collaborating to unlock significant opportunities that exist in last-mile logistics.

Investment in MAS puts spring in Attacq's distribution

JSE-listed REIT Attacq Limited (JSE: ATT), which owns 80% of Mall of Africa, said a combination of factors had contributed to the positive turn of events.

Hyprop ups interim distribution, Shopping Mall assets recover

After visits plummeted during the height of the COVID-19 crisis, Retail-focused Hyprop Investments (JSE: HYP) has reported encouraging trading performance of its tenants across its retail portfolio, reaching pre-Covid levels.

TUHF Holdings Limited names its new Chairman

Cas Coovadia will lead the TUHF Holdings Limited Board as the new Chairman taking over from Samson Moraba, who has ably led the board since inception. The appointment takes effect from April 2022.

Growthpoint Properties shows solid progress for the half-year

Growthpoint Properties Limited (JSE: GRT), SA’s largest listed property group, on Wednesday announced its results for its six-month period to 31 December 2021.

Foschini Group snaps-up Coricraft, Dial-a-bed, and Volpes for R2.4 billion

The Foschini Group (TFG) says it has entered into an agreement to acquire the entire issued share capital of Tapestry Home Brands for R2.35 billion.

Standard Bank cuts Office Space, camps inside Pick n Pay stores

In a move to save costs and access a wider range of clients, Africa’s largest banking group, Standard Bank recently announced that it plans to cut office space by opening up mini branches in Pick n Pay stores.

Shoprite acquires Cambridge Food, Rhino and Massfresh from Massmart in R1.3bn deal

Walmart-owned Massmart says it has disposed of some of its stores namely, Cambridge Food, Rhino, and Massfresh to Shoprite for a total consideration of R1.360 billion.

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