Author - PropertyWheel_GLP

News

Fortress REIT to welcome Makro as first tenant at Cornubia Ridge

Fortress REIT Limited is preparing to welcome Makro as its first tenant at the 28-hectare Cornubia Ridge Logistics Park. Strategically located close to Durban’s thriving business and residential hub of Umhlanga (as well as King Shaka International Airport and the Dube Tradeport), Cornubia Ridge...

News

Emira works hard towards sustainability targets

Emira Property Fund is continuing to its positive impacts in environmental sustainability by increasing its use of renewable energy resources, expanding its water efficiency initiatives and phasing out the use of ozone depleting R22 refrigerant gas. The group has recently become the first company...

News

BIG Architecture designs first project for EPP’s Towarowa 22 in Warsaw

EPP has announced that the BIG Bjarke Ingels Group has developed an urban planning concept for the mixed-use development Towarowa 22. Warsaw will join major world cities, including Copenhagen, New York, Paris, Toronto, Abu Dhabi and Washington, in having the distinction of the world-famous BIG...

News

Stenprop confirms sale of Euston House office building in London

Stenprop has confirmed that the sale of its Euston House office building in central London is complete. The company has taken the strategic decision that its objective to deliver sustainable, growing income to shareholders is best achieved by becoming a specialised UK multi-let industrial property...

News

Sirius acquires Bochum business park

Sirius Real Estate has announced the completion of the acquisition of a business park in Bochum in the Ruhr region of Germany for a total consideration of €25.7 million equating to an EPRA net initial yield of 8.9%. The vendor is a fund managed by DOBA-Grund Beteilllgungs, Munich which forms part...

News

Growthpoint’s performance growth driven by international investment

Growthpoint Properties has announced a 5% growth in distributable income to R3.1 billion with revenue from the group increasing 4.3% for its half-year to the 31st of December 2018, representing dividend growth of 4.5% per share for investors. The group’s solid set of results deliver on market...

News

Heartwood Properties conducts successful capital raise on 4AX

Heartwood Properties is the first company to successfully conduct a capital raise on the exchange operated by 4AX. The commercial property development company’s capital raise, which took place towards the end of last year, was fully subscribed in terms of which 4.5 million new ordinary shares were...

News

Atterbury enters executive management transition

Atterbury has taken the next step in its leadership succession plan in restructuring and realigning its executive management. Atterbury founded a European business in 2014, effectively managed from the Netherlands by CEO Henk Deist, Armond Boshoff has been appointed CEO of Atterbury (South Africa)...