Author - PropertyWheel_GLP

News

Sappi relocates global and regional headquarters to Rosebank

Sappi, one of South Africa’s oldest global companies,  has moved its global and regional headquarters to a new site on the corner of Oxford and 14 th Avenue in Rosebank. The company is the sole tenant of the 4500m² Barrow Properties’ development, which will ultimately form part of the greater...

Areas and Places

Kenya’s real estate sector expected to recover in 2018

The Kenyan real estate sector (like many others) has been affected by Kenya’s political environment during the last general elections between August and October 2017. Cytonn reported the residential market as the worst affected real estate sector which slowed down by 3.2 percentage points due...

News

Dipula overcomes tough macro-economic conditions

JSE diversified REIT, Dipula Income Fund, has overcome tough macro-economic conditions to post a 5.8% increase in combined dividends per share for the year to August 2017, driven entirely by organic growth.  In a challenging economy, the REIT edged revenue over the R1 billion mark.  The property...

News

Gemgrow Properties releases solid maiden full year results

Gemgrow B forecast growth for September 2018 of 7-9%. Seven times cash cover on A share dividend. Acquisitions of R580 million concluded at an average yield of 11,85%. Strong balance sheet, LTV of 20,65%. Gemgrow Properties today released solid maiden full year results. The Company declared a...

Advice and Opinion

Security estates currently valued more than freehold property

According to a recent press release from Lightstone, property located in security estates is valued at about three times more than normal freehold property. The national average cost for a property in South Africa last year was R700 000, whereas the average price within an estate was R2 million...

News

Investec Australia Property Fund’s value nearing AUD1.0bn

Highlights: Valuable platform comprising 25 properties supported by strong underlying property fundamentals and an established track record of delivering on strategic objectives. 6.4x growth since listing – portfolio now of a scale where an ASX listing can be considered. Interim distribution...

News

Investec Property Fund secures revenue sustainability for 2018

Highlights: Interim distribution of 68.37 cents per unit (cps) – 12.2% increase yoy (7.2% normalised growth). Base portfolio net property income growth of 6.1%. Property vacancy of 2.6%, reducing to 1.6% post period end – still one of the lowest in the sector. Improved weighted average lease expiry...

Advice and Opinion

Shared workspace a rising trend in current economy

As economies make way for a plethora of small to medium business entrepreneurs, and big businesses realise the need for flexibility, the recent trend is increasingly towards shared working space. Economic downturns have encouraged the rise of many smaller enterprises which are being run from coffee...