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SA Corporate Real Estate Fund (JSE: SAC), which owns Boksburg's East Point, reported increased vacancies due to SA’s weak economy.

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. ... Full story

Growthpoint Properties, which owns half of Cape Town's V&A Waterfront, says vacancies in its SA portfolio increased from 6.8% to 7.4%.

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.

Texton Property Fund CEO Marius Muller.

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 (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 to December 2019.

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.

Hyprop Investments [JSE: HYP], the landlord that owns Canal Walk in Cape Town, declared one of its worst sets of interim results, with distributable income for the period decreasing 13%

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.

Delta’s Sandile Nomvete and Rebosis’s Sisa Ngebulana have mutually agreed to terminate merger discussions.

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 (L2D) CEO Amelia Beattie says Sandton City was the standout performer in the year ended December 2019.

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 CEO Geoff Jennett, says the groups’s rebalanced portfolio and its allocation of capital into more resilient economies underpins the diversified JSE-listed SA REIT’s ability to maintain distribution growth

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 Property Fund CEO Sisa Ngebulana believes his plan would be able to ride out South Africa’s stalling economy.

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 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

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

Vukile Property Fund CEO Laurence Rapp says the company is delighted with the strong support received from the auction.

R500 million Vukile unsecured bond oversubscribed

Vukile Property Fund, on Tuesday, announced that its R500 million senior unsecured corporate bonds with three and five-year maturities were both substantially oversubscribed.

Andrew Wooler, Joint CEO of Investec Property Fund, says the platform will give South African investors the opportunity to gain even more exposure to a focused Pan European Logistics offering on the JSE

Investec Property Fund clinches R3bn deal in pan-European logistics platform

Investec Property Fund (IPF) said on Tuesday that it is finalizing agreements to increase its interest in the “pan-European logistics platform” (PEL) from funds managed by the real estate group of Ares Management Corporation.

Massmart, which owns brands such as Dion-Wired, Makro and Game Stores, is forecasting another big loss of over R1.2 billion

Massmart forecasts up to R1.4bn loss for the year

Massmart, which owns brands such as Dion-Wired, Makro and Game Stores, is forecasting another big loss of over R1.2 billion as it battled tough trading conditions in the second half.

Pareto Group buys 25% stake in Atterbury Europe, whose portfolio includes investments like Iulius Mall Iasi in Romania.

Pareto takes 25% stake in Atterbury Europe

The Pareto Group, a sister company to Pareto Limited which owns Durban's Pavilion Shopping Centre, said on Monday it had concluded a deal to acquire a 25% stake in Atterbury Europe Holding B.V.

Investec Property Fund to sell its shareholding in Musina Mall in Limpopo and Boitekong Mall in Rustenburg, for R727 million.

Investec Property Fund to dispose of stakes in Musina and Boitekong Malls

Investec Property Fund [JSE: IPF] has approved plans to sell its shareholding in Musina Mall, Limpopo and Boitekong Mall, Rustenburg, for R727 million.

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