According to recently released data from Lightstone, Riverside View (located in the Northern Suburbs of Johannesburg) is the suburb with the highest volume of first-time buyers in Gauteng. The Riverside View Housing and Development Programme (RDP) began in 2016 and has offered first time buyers the...
Investec Property Fund Limited has announced an interim dividend of 70.93 cents per share (cps) for the six months ended 30 September 2019 (2018: 68.81 cps). This represents DPS growth of 3.1% year-on-year which is line with guidance provided in May. Guidance for the full year is maintained between...
The SA REIT (Real Estate Investment Trust) sector has published the Second Edition of its ‘Best Practice Recommendations’ to enhance the transparency and comparability of financial reporting by SA REITs. The SA REIT structure was introduced to South Africa in 2013 and the first SA REIT...
Indluplace Properties has reinforced the strength of its management team with new appointments to continue driving improvements in operational and letting performance in the year ahead. The portfolio has grown rapidly through acquisition over the past two years and as a result Indluplace has...
A R40 million music academy to serve the needs of aspiring young musicians in the West Coast and northern suburbs of Cape Town is being built on Berkshire Boulevard, Sunningdale, by Garden Cities, as the new headquarters of the internationally-recognised M&M Music Academy, established in 2004...
Influenced by a multitude of factors and operating in regular cycles, the real estate industry has always been one of the most dynamic, but in recent years the changes have become progressively dramatic with the next decade poised for even more significant transformation. “Two decades ago, the way...
Corobrik will see investment pass the R1-billion mark within the next two years as it readies its R800 million new mega factory in Driefontein for full production and begins to build a second new plant in KwaZulu-Natal. Speaking at the second South African Investment Conference at the beginning of...
Rebosis Property Fund, the JSE’s first listed black-managed REIT, has reported its results for the year ended 31 August 2019. The Fund reported excellent operating performance with a 100% success rate of lease renewals on large office expiries of over 200 000 GLA in the reporting period, a...
A combination of political volatility, regulatory uncertainty and economic stagnation has seen South Africa understandably falling out of favour with local and global property investors of late. However, much of the rest of Africa remains a relatively attractive investment proposition across a...
Five South African REITS have been named among ‘The Top Empowerment Companies of 2019‘ in this year’s The Empowerment Report. In order of most empowered, the REITs are: Arrowhead Properties, Redefine Properties, Growthpoint Properties, Equites Property Fund, and Rebosis Property fund...
