Investing
Vukile pulls back on plan to acquire Wingspan’s retail centres
JSE-Listed Vukile Property Fund Ltd on Tuesday announced that its negotiations to acquire Wingspan’s property portfolio comprising five regional shopping centres had been terminated. ... Full story
90 Grayston redevelopment set to elevate Sandton’s world class status
Redefine Properties’ R505 million redevelopment of the 90 Grayston commercial office address contributes to the vibrant and constant upgrade of Sandton, ensuring it keeps pace with other advanced cities around the world.
Private Placement partly blamed for drop in SA’s property stocks
The listed-property index (FTSE-JSE Sapy) dropped by 16% since May 20, and private placement “fatigue” has been partly blamed for the sharp sell-off in property stocks over the past two weeks.
Market volatility dampens Listed Property Sector
Movements in bond yields, the rand and inflation rates uncertainty continue to dampen the listed property sector, with the South African listed-property index (FTSE-JSE Sapy index) losing 16% last month.
Landlords adapt to SAPOA’s new method of measuring floor areas
While the SA Property Owners’ Association’s (SAPOA) new method for measuring floor areas was approved for use in August 2005, a marked increase in interest among commercial property landlords to amend records accordingly has been noted in the last two years.
DEA Head Office gets top Green Star rating
The new R8 billion Department of Environmental Affairs (DEA) head office in Pretoria has received a 6 Star Green Star SA Office Design v1 certification from the Green Building Council South Africa (GBCSA).
Listed property’s bumpy road offers investment opportunity
South Africa’s listed property sector continued its slide during the week ending 31 May 2013, as the Rand breached R10/US$ and bond yields moved sharply higher.
Cape Town’s Emporium Shopping Mall on track for July opening
Residents and commuters in Cape Town’s Northern Suburb, Parklands, can soon look forward to the opening of the Emporium, a new 12,500m² shopping centre located on Sandown Road.
Pareto injects R228m redevelopment of Pavilion Shopping Centre
Pareto Ltd today announced renovation plans to upgrade the Pavilion Shopping Centre in Durban, which will see an initial R228 million investment for re-development.
Trying times ahead for SA’s Property Industry
Given that South Africa’s property market movements are primarily sentiment-driven, it’s unlikely that the rest of 2013 will be a particularly comfortable period for most property stakeholders.
Rand, Bond yields impact Listed Property
South Africa’s listed property sector finally succumbed to a weaker Rand, higher bond yields and ‘private placement fatigue’ during the week ending 24 May 2013.
SA’s listed property sector forms new SA REIT association
THE South African listed property sector today inaugurated a new SA REIT Association in Sandton, aimed at representing the listed property REIT sector, in pursuit to boost one of SA’s most active asset class on the JSE.
Rebosis unitholders approve proposed office portfolio acquisitions
Rebosis Property Fund yesterday confirmed that its proposal to acquire and capital raising for the Nthwese property portfolio, has received support from its linked unit holders with 99.9% of votes cast.
REITs structure to stimulate Hotel Investments
The newly launched real estate investment trusts (Reits) structure in South Africa and the mobilisation of sovereign wealth funds for investment in Africa are likely to stimulate hotel investments on the continent, the Hotels Investment Conference Africa heard last week.
Listed Property Companies report mixed bag results
South Africa’s listed property sector advanced 0.5% during the week ending 10 May 2013, as bond yields drifted higher and the Rand weakened against the US dollar, according to Ian Anderson, Chief Investment Officer at Grindrod Asset Management.
