The gap over the last five years between base rental growth rates at South African shopping centres and CPI is closing according to the Clur Shopping Centre Index for Q3 2024. The index is part of the broader Clur Collective asset management support platform which helps listed and unlisted property...
Fortress Real Estate Investments Limited has upgraded its distributable earnings forecast to R1.78 billion for FY2025, representing 147.80 cents per share, a 16.9% increase compared to normalised earnings for FY2024. The Group issued a trading and pre-close operational update for the period post...
The residential rental market is on a path of strong annual growth according to the Q3 2024 PayProp Rental Index but, despite robust rental inflation of 4.8% between July and September 2024, tenants have also seen a notable recovery in their financial position. A quarter-on-quarter rise in...
SA’s construction industry outperformed economic performance during Q3 2024 with a 1.1% quarter-on-quarter increase, following the 0.5% quarter-on-quarter increase in Q2 2024 – the strongest growth reported in the industry over the past two years (Q3 2022). However, the numbers in real terms, on a...
Construction has begun on the Prince Buthelezi Mall in Empangeni, KwaZulu-Natal. A former sugar cane field, this latest investment by Moolman Group with co-owners Twin City and Melta Capital, will produce a state-of-the-art shopping centre set to introduce the area’s first convenient retail...
The REIT sector, which made a strong recovery in October 2024, has outpaced other asset classes, delivering a 34% return year-to-date. In comparison, the broader equity market has returned 15.9% while SA bonds have gained 16.7%. “In 2024, we have seen notable improvements in key property...
The conclusion of lobola negotiations marks a major milestone in many African cultures. While this deeply rooted tradition is widely embraced, few people are aware of how customary marriage (or marriage in community of property) can impact current and future homeownership. Hopewell Sathekge...
eThekwini Municipality has granted a 45-year lease to a developer for the major refurbishment of its ‘Joe Kools’ property (Erf 12281 Durban) located at 137 Marine Parade following its RFP process issued in November 2023. The municipality says the redevelopment aligns with its Inner-City Local Area...
