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Edgars store owner running out of steam

Edcon, which had already been under a financial strain, revealed that the coronavirus has had a negative impact on the company and it would lose close to a billion rand during the 21-day lockdown period. ... Full story

The Foschini Group to skip Rental Payments amid SA lockdown

As South Africa goes into a 21-day nation-wide lockdown, The Foschini Group [JSE: TFG] – whose brands include Foschini Stores, @home, Markham, Totalsports and Sterns – said it’s stopping rental payments because of the impact of the coronavirus outbreak.

Sun City Founder and Real Estate tycoon Sol Kerzner dies

Renowned international hotel developer and South African-born real estate magnate Sol Kerzner, who founded the Southern Sun Hotel Group and Sun International, has died.

End of the road for Massmart’s Dion Wired stores

Although yet to recover from Edcon’s woes, Retail landlords are set to face even more intense pressure as Walmart-owned Massmart announced the closure of 23 DionWired stores as from today.

Domino’s Pizza comes to a grinding halt

Taste Holdings [JSE:TAS], former owner of Starbucks, announced that it will voluntarily liquidate Domino's Pizza, following its failure to find a buyer for the pizza chain.

Vacancies drag down SA Corporate Real Estate Fund

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.

Growthpoint Properties faces 11% Office vacancies

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.

Oversupply and Tenant debts hit Texton Property Fund

The current economic situation being experienced in South Africa is putting pressure on the commercial real estate industry, resulting in some tenants battling to meet contractual rental payments.

Attacq’s Waterfall City developments ‘a sign of confidence in growth’

Despite adverse local property fundamentals, Attacq (JSE: ATT), the landlord behind Waterfall City development, says its Mall of Africa and investments in Europe has turned in what it terms a 'robust' six months which ended December 2019.

Tenant struggles take a toll on Hyprop Investments

Rising debt levels and store closures have gutted some of the nation’s biggest retailers — and that’s during bad economic times which has hit Hyprop Investments [JSE: HYP] performance.

Rebosis and Delta halt Merger talks, market reacts

Delta Property Fund [JSE: DLT] and Rebosis Property Fund [JSE: REA], upon constructive analysis with stakeholders, have mutually agreed to terminate merger discussions.

Liberty Two Degrees has stood the test of time

The year 2020 is not expected to bring a miraculous recovery, however, Liberty Two Degrees (L2D) has taken steps to regain its status as one of the reliable dividend-paying real estate investment trust (REIT).

Emira Property Fund scales down vacancies, increases its interim

Disposal of noncore property assets has helped Emira Property Fund reduce its vacancies from 3.6% to 3.0%, the company announced on Wednesday after posting a rise in interim distribution.

Rebosis Shareholders might have to hold their horses

Shareholders might have to hold their horses because the Chief Ex has a plan to save the ailing Rebosis Property Fund.

City Lodge issues profit warning

Hotels group City Lodge which owns brands such as Courtyard, City Lodge, Town Lodge, and Road Lodge, could be 50% lower than that of a year earlier due to accounting changes and weak business confidence

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