Author - PropertyWheel

Research

Household credit and mortgage advances – ABSA report

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...

News

JSE specialist shopping centre REIT Reduces Exposure To Africa

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...

Areas and Places

R120 million expansion planned for Limpopo mall

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...

News

WeWork expands in SA with its first location in Cape Town

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...

Awards News

Winners announced in the 2019 SAPOA Journalism Awards for Excellence

Winners and runners up in the 2019 installment of the SAPOA Journalism Awards for Excellence were announced at the gala dinner and awards evening which took place on 20 June 2018 at the Cape Town International Convention Centre. During his address, Chairman of the Journalism Awards Committee, Brian...

News

NEPI Rockcastle to list on A2X

NEPI Rockcastle today announces that, having received approval for a secondary listing on A2X Markets, the company will begin to trade on Tuesday 18 June This listing is in addition to NEPI Rockcastle’s current JSE and Euronext Amsterdam listings. The listing, which will not result in additional...

Advice and Opinion

5 Ways to Feel Like a Local in a New Neighbourhood

Moving to a new area can be intimidating, no matter your age or how many times you may have done this before. Mike Greeff, CEO of Greeff Christie’s International Real Estate says, “Part of the process of moving means that buyers in a new area have to acclimate themselves to their new...

News

Vukile’s financial year shows strong growth in its Spanish asset base

Vukile Property Fund last week reported 7.5% growth in dividends to 181.48 cents a share for its full-year to 31 March 2019. Vukile’s full-year returns deliver on its market guidance and represent 15 years of uninterrupted dividend growth for Vukile investors. Its dividend is fully covered by the...