Author - PropertyWheel_GLP

Research

Higher-density housing driving residential building activity

The first three quarters of 2018 saw significant diverging trends at a segment level in private sector-financed residential building activity in South Africa: The number of building plans approved for new housing increased by 8,3% year-on-year, largely on the back of growth of 23,3% year-on-year in...

News

Texton Property Fund media statement: response to recent media article

Texton’s Board of Directors has noted the recent media reports with regards to a bid by Mr Rob Kane, former CEO of Texton to “regain control of the company“. The Board would like to notify shareholders that Texton was not the source of these reports nor was any representative of...

News

Sirius completes disposal of Bremen Hag Business Park

Sirius Real Estate has completed the sale of its Bremen Hag Business Park for €3.8 million. The listed REIT has notarised the sale of its Bremen Dötlinger-Strasse Business Park for €6.3 million, both in line with book value. Bremen Hag is a very large site, located next to the container port in...

News

EPP Ba1 rating affirmed by Moody’s

Moody’s Investors Service has affirmed the Ba1 corporate family rating of EPP. Jacek Bagiński, CFO of EPP comments; “We are very pleased with Moody’s decision to confirm EPP’s rating. It reflects the strong fundamentals and stable outlook of our business. It also allows us to be confident...

Research

West African property markets show slow momentum

Real estate consulting firm, JLL has released its 2018 City Reports for Lagos and Accra, which offer a concise overview of current developments in the local office, retail, hotel and industrial sectors. With wavering economic conditions, the analysis offers several interesting points and trends to...

News

Indluplace’s improved portfolio diversification leads to revenue growth

Indluplace Properties Limited has released its financial results for the year ended 30th of September 2018. The group reported a dividend of 49.19 cents per share for the six months ended September, bringing the total dividend for the year to 97.75 cents per share, in line with the prior year...

News

Investec Australia Property Fund’s portfolio in strong position

Investec Australia Property Fund has announced an interim distribution of 5.05 AUD cents per unit, pre-withholding tax and 4.65 cents per unit post-withholding tax. This represents 2.0% growth in distribution, in line with expectations. The guidance for the full year is maintained in the range of 2...

Areas and Places

Rosebank’s Park Central to shape the city’s skyline

Redefine Properties’ 159 unit Park Central is on track for completion during the second quarter of 2019. The R472 million residential development is situated in one of the city’s most central business districts; Rosebank. It has a wide array of units on sale and it will be one of the...

News

SENS: Sirius Real Estate – General Meeting – Posting of Circular

Sirius Real Estate has published a circular convening a General Meeting seeking shareholder approval for a new Long-Term Incentive Plan and remuneration policy. The Directors’ Remuneration Report for the year ended 31st of March 2018 set out the company’s intention to seek approval for...