Companies
PIC lifts stake in embattled Texton Property Fund
The Public Investment Corporation (PIC), Africa's largest fund manager, has boosted its stake in the troubled Texton Property Fund (JSE: TEX) after a black empowerment investor defaulted its loan. ... Full story
Arrowhead and Gemgrow set to Merge
In a bid to create growth capacity, Arrowhead Properties (JSE: AWA) and Gemgrow Properties (JSE: GPA) on Wednesday announced ambitions to merge.
Growthpoint pins its hopes on Offshore Properties
With the local property industry adrift in choppy waters amid stagnant economy, Growthpoint Properties is looking to not only stay afloat but maintain robust growth by acquiring offshore properties.
Construction Sector being demolished as Group Five succumbs to depressed market
The decision taken by Group Five, one of SA’s construction giant which built the Moses Mabhida stadium, to file for bankruptcy protection, has come as a shock to the nation as the sector may be collapsing.
Property Sector Charter Council appoints its new Chairman
The SA REIT sector’s representative on the Property Sector Charter Council (PSCC), Dr Sedise Moseneke, has been elected as the new Chairman of the PSCC.
Stenprop gains more ground in UK's property market
Dual-listed property company Stenprop (JSE: STP) has expanded into the UK industrial property sector with its R116.8m acquisition of Gainsborough Trading Estate.
Sorry Edcon, we will not reduce Rent, says Growthpoint Properties
After securing R2.7 billion, Edcon's request for rental reduction was met with a major obstacle at SA's largest landlord, Growthpoint Properties.
Investments in Central and Eastern Europe boost MAS Real Estate
Central and Eastern European markets have recently begun to outstrip Western Europe in terms of economic growth. MAS Real Estate (JSE: MSP) has made significant inroads into the region, helping the groups overall performance.
EPP grows asset base to R40 billion
JSE-listed EPP, the Polish real-estate group in which Redefine Properties owns a 40% stake, last week said it had grown the size of its portfolio to R40 billion (EUR2.5 bn) mark.
Investors coining it from Mall of Africa’s owner Attacq
South Africans invested in Attacq Limited (JSE: ATT), which owns the flagship Waterfall development precinct anchored by Mall of Africa, are laughing all the way to the bank as they are well-positioned to benefit from the group's performance.
Hyprop eyes more Europe wins than sub-Saharan Africa
Clearwater Mall owner, Hyprop Investments (JSE: HYP) has raised R403 million (€25 million) worth of capital planned for its South and Eastern Europe (SEE) retail assets expansion — and seeks to reduce sub-Saharan Africa exposure.
Investing in township shopping malls gives Fairvest the edge
The latest results from Fairvest Property Holdings (JSE: FVT) confirm that shopping malls aimed at the lower Living Standards Measure (LSM) are delivering better returns than their suburban counterparts.
Landlords chip in as Edcon Holdings secures R2.7 billion
Edcon Holdings which owns Edgars Stores, Jet and CNA, has secured R2.7 billion rand from lenders, landlords and the Public Investment Corp. as South Africa’s largest clothing retailer wraps up its latest restructuring plan.
Liberty Two Degrees attains REIT status, bulks up asset base
Liberty Two Degrees (JSE:L2D), the owners of flagship Sandton City, Eastgate Shopping Centre and Melrose Arch, says it had converted to a Real Estate Investment Trust (Reit), and significantly "bulked up" its asset base.
Grit Real Estate thriving despite the odds
JSE's pan-African property fund and LSE-listed Grit Real Estate is keeping its head above water at a time when volatility is a byword for Africa’s property industry.
