Author - PropertyWheel

News

Spear reports 21.62% increase in asset value

Spear REIT Limited, a Real Estate Investment Trust (REIT) listed on the JSE, reported its annual financial results this week, posting double-digit earnings growth amidst a dampened economic environment for the South African listed real estate sector. Spear’s management team implemented solutions to...

News

Izandla Property Fund celebrates Completion of its largest asset to Date

Izandla Property Fund has announced the completion of the development of a new logistics warehouse and offices measuring 17,020m² for the Wax Division of Sasol Chemicals, located in the Sasol ChemCity Eco-Industrial Park in Sasolburg, Free State. The opening of the building on the 16th May...

Events News

Conference Addresses Concerns Behind Failing Property Industry

A record number of registered delegates turned up for the first day of the 6th annual conference of the Western Cape Property Development Forum (WCPDF), held on 16 and 17 May 2019, at the Century City Conference Centre in Cape Town. Speaking in his opening address, WCPDF chairperson, Deon van Zyl...

News

L2D to implement a ‘no plastic shopping bags’ policy across its malls

Liberty Two Degrees (L2D), a South African precinct focused retail-centred REIT, has announced its commitment to create a sustainable environment by implementing a ‘no plastic shopping bags’ policy across its malls by 1 January 2020. L2D believes that the future of retail is defined by a continued...

News

Redefine reports R1.9 billion offshore expansion

Redefine Properties (JSE: RDF), which has increased its distribution for the six months ended 28 February 2019 by 4.0% to 49.2 cents, despite ongoing economic and political uncertainty. Internationally held assets contributed 25.4% to income during the review period, with total assets under...