Since the 2008 recession, the housing market has continued to be a focal point of discussion. Fortunately, recent years have seen a lot of positive growth and industry experts predict this net growth to continue throughout 2019 and beyond. Globally, multiple reports illustrate the continued...
The key issue currently facing the Retail Property Sector is arguably the financial condition of the consumer, although our recent broker surveys record online retail and retail space affordability challenges as noteworthy factors too. And the challenges facing the consumer are more than just about...
The V&A Waterfront’s far reaching waste management and recycling practices has earned the property a prestigious Green Buildings Council of SA (GBCSA) 5 Star Green Star Existing Building Performance v1 certification (EBP v1) for the popular Victoria Wharf Shopping Centre – the highest rating...
Liberty Two Degrees Limited (“L2D”), the South African focused, retail REIT, today announced its results for the six months ended 30 June 2019. The property portfolio valued at R10.2 billion reported net property income of R337.8 million compared to R272.8 million in the prior corresponding period...
Safari Investments, the Pretoria-based low LSM retail property fund, today announced the receipt of a firm intention proposal from Community Property Company (“Comprop”), an unlisted property fund in the Futuregrowth Asset Management stable, to make a R1.8 billion all cash clean offer to acquire...
The offices spaces of today are nothing like the work environments of the past. The quantum leap forward in information technology, office equipment, and management practice has changed the way we work forever. Light, lean laptops that can be moved at a moment’s notice, virtual meeting rooms where...
Growth in the value of outstanding credit balances in the South African household sector (R1 669,6 billion) was only slightly higher at 6,1% year-on-year (y/y) at the end of May 2019 from 6% y/y at end-April when outstanding balances came to R1 660,9 billion. Growth in the value of outstanding...
JSE specialist shopping centre REIT, Hyprop, has announced progress on its strategy communicated to the market in March this year, where it stated its intention to reduce its exposure to sub-Saharan Africa excluding South Africa to focus its attention and capital on its South African and Eastern...
Pretoria-based shopping centre developers and investors, Twin City, will be adding approximately 40 new stores to the existing 73 stores at Elim Mall in a multi-million Rand extension. Elim is a northern Limpopo town south-east of Makhado (formerly Louis Trichardt). The project is being undertaken...
WeWork, the global space, community and services company with over 466,000 members has announced its expansion to Cape Town – the second city for WeWork to open in South Africa; where it plans to welcome over 590 members. In Cape Town, WeWork will be take four floors of the eleven floors at 80...
