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Retailer The Foschini Group [JSE:TFG] pushed up turnover 5.9% for the nine months to 28 December 2019, compared to the corresponding period in 2018.

Foschini Group builds on bumper 2019

Retailer The Foschini Group [JSE:TFG], whose brands include Foschini, American Swiss, and Markham occupying space in major centres, went against the prevailing retail trend by producing positive trading updates in a difficult economy. ... Full story

Retail tenant Truworths said on Wednesday sales for the 26 weeks to December grew by a mere 1.2% to R10.6 billion.

Truworths sales up 1.2% despite tough retail market

Retail tenant Truworths said on Wednesday sales for the 26 weeks to December grew by a mere 1.2% to R10.6 billion as it faced tough conditions in both Africa and UK markets.

Massmart, which is 51% owned by US giant Walmart, has announced plans of closing 23 Dion-Wired stores and 11 Masscash wholesale outlets.

Empty Retail space takes a toll as Massmart plans to close 34 DionWired and Masscash

Retailer Massmart, which is 51% owned by US giant Walmart, has announced plans of closing 23 Dion-Wired stores and 11 Masscash wholesale outlets, a move that lead to the loss of up to 1,440 jobs.

Edgars Stores has decided to close its doors at the trendy Rosebank Mall owned by JSE-listed Hyprop Investments.

Edgars Store vacates from upmarket Rosebank Mall

Struggling clothing retailer Edcon Holdings, which owns Edgars Stores has decided to shut its doors at the trendy Rosebank Mall — owned by JSE-listed Hyprop Investments.

Laurence Rapp, CEO of Vukile Property Fund, notes that the results reflect performance from its Spanish portfolio together with a continued solid showing from its SA shopping centres.

Vukile Property Fund lifts its dividend by 3.5%

Vukile Property Fund, SA’s eighth-largest real estate investment trust, increased its dividend for its half-year to September 2019 by 3.5 percent to 80.84c per share, in line with its market guidance.

Barend de Loor succeeds the long-standing CEO of 15 years, Warren Schultze.

Meet Eris Property Group's new chief exec - Barend de Loor

Serving as director of numerous property companies in Africa, the newly appointed CEO of Eris Property Group, Barend de Loor succeeds the long-standing CEO of 15 years, Warren Schultze.

While property fundamentals in SA have been weak, our international investments have performed well and are in strong and supportive property markets, says Norbert Sasse, Group CEO of Growthpoint Properties.

It has not been an easy road, says Growthpoint Properties

As domestic tenants continue to downsize space, its sheer size and diversity on three continents have helped Growthpoint Properties lift the distributable income of 5.3% to R6.4bn for the year ended June.

An astute deal maker, Wainer held sway on the markets and the city's skyline, taking Redefine Properties from humble beginnings to a listing and building it into one of SA's largest

Deal maker and Founder Marc Wainer retires from Redefine Properties

Redefine Properties today announced that its legendary founder and pioneering property investor and developer Marc Wainer retires from the company at the end of August 2019.

As a larger, stronger entity we are well positioned to weather the current uncertain conditions and beyond, says Arrowhead CEO Mark Kaplan.

Gemgrow, Arrowhead shareholders approve R16 billion merger

Shareholders of Gemgrow Properties and Arrowhead Properties have approved the R16 billion merger of the two JSE-listed real estate investment trusts (Reits).

Delta CEO Sandile Nomvete and Rebosis CEO Sisa Ngebulana are coming together to form the largest black-owned property fund in South Africa.

Rebosis and Delta marriage on its way down the aisle

With consolidation in the listed property sector now the leading story, Delta Property Fund and Rebosis Property Fund are coming together to form the largest black-owned listed property empire in South Africa.

Hyprop Investments sold its interest in Manda Hill Shopping Centre located in Lusaka, Zambia to Growthpoint Investec African Properties (GIAP).

Hyprop disposes Zambia's Manda Hill Shopping Centre to Growthpoint Investec

Retail-focused property company Hyprop Investments sold its interest in Manda Hill Shopping Centre located in Lusaka, Zambia to Growthpoint Investec African Properties (GIAP).

Equites CEO Andrea Taverna-Turisan said the acquisition enhanced Equites’s strong UK portfolio.

Equites acquires its ninth property in the UK

Equites Property Fund, an industrial property specialist, has acquired its ninth property in the UK, meaning that about one-third of its asset base is now in the region.

Emira Property Fund CEO Geoff Jennett, says its international and residential strategies helped the company to counter the effects of the relentlessly difficult domestic economy that is impeding growth.

International and Residential exposure helps Emira distribution growth

Emira Property Fund declared a 3.1% increase in distributions for its financial year ended June 2019, thanks to a push into the USA and local residential rental market.

Fairvest CEO, Darren Wilder says the company has elected, by mutual agreement, to not proceed with its friendly merger with Safari Investments.

Fairvest abandons its merger offer for Safari while Comprop ups its stakes

Fairvest Property Holdings today said it has abandoned its friendly merger with shopping mall owner Safari Investments (JSE: SAR), while Cape Town-based Comprop ups the stakes.

SA Corporate Real Estate turns down takeover from Dipula Income Fund and Emira Property Fund while announcing the return of former MD Rory Mackey.

SA Corporate Real Estate turns down takeover offers

SA Corporate Real Estate disclosed to the market on Monday that offers from competitors, Dipula Income Fund and Emira Property Fund were not in the best interests of the company.

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