Author - PropertyWheel_GLP

News

Grit to plans main market listing on the London Stock Exchange

Grit has announced that it plans to officially seek approval from the UK Listing Authority to proceed with the group’s listing on the London Stock Exchange.  “Our planned listing on the London Stock Exchange will create a compelling opportunity for UK and other equity investors to gain...

Areas and Places

GrandWest reveals initiative for alternative water solutions

Cape Town’s GrandWest Casino and Entertainment World has announced the completion of a water purification plant which will future treat the property’s borehole water to portable standards.  The initiative begin in February last year when the casino investigated feasible options to using...

News

Stenprop acquires multi-let industrial estate, Estuary Court

Stenprop has announced the acquisition of Estuary Court (an industrial estate in Newport, South Wales) from Storage Giant for £3.1 million, reflecting a net yield of 7.6%, A modern estate located in the established industrial area of Queensway Meadows, Estuary Court comprises of twenty units...

News

Study reveals property forms 78% of all fixed capital stock in economy

The Property Sector Charter Council has recently released its latest study, The South African Property Sector Economy Contribution.  The report’s analysis uses the life cycle of a property; from origination to transaction and to its end cycle stage. It was (and remains) the most resourceful...

News

Growthpoint becomes first property group to list on the A2X

Growthpoint Properties has been approved for a secondary listing on A2X Markets. The group will list on the 18th of July 2018.  Growthpoint is a constituent of the Top 40 index, has a market capitalisation of R80 billion and will be the first property company to take up a secondary listing on A2X...

News

Growthpoint Properties Australia outperforms REITs and shares

Total returns from Growthpoint Properties Australia have significantly outpaced the major Australian REIT and share market indexes. Recent total return data to 30 June 2018 published by UBS shows that the group’s total return to its investors has significantly outstripped major performance...

Who's Who in Property

Vuso Majija: from Mthatha to the top of the property ladder

After thirteen years working for some of the biggest names in the South African property sector, none of the trappings of success has gone to Vuso Majija’s head. Sitting across the table in the plush new offices of Fortress REIT Ltd., the diversified listed property group, he still embodies the...

Research

Further drop in property market sentiment in the second quarter of 2018

After declining in the first quarter of 2018 from late last year, the level of positive sentiment regarding conditions in the South African residential property market dropped somewhat further in the second quarter of the year. The overall national Homeowner Sentiment Index score, which reflects...

News

R10 billion Sky City Precinct currently underway

The R10 billion retail and residential development, Sky City Precinct is currently underway. Starting life as a 12 000 square meter community centre by the 18th of April 2019, the development will host sixty shops, growing to a regional centre which will occupy more than nine hectares in the near...