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Michael Bauer IHFM
June 26, 2017

Make your bond work for you

in Office, Retail, Industrial, Hotels and Residential
When deciding to buy a home, there are a few things a purchaser will have to consider.
John LoosFNB
June 26, 2017

Foreigner residential buying perceived to have slowed slightly in South Africa, perhaps in part rand-driven and in part "junk status" driven

in Office, Retail, Industrial, Hotels and Residential
Recently, there have been hints emanating from our FNB Estate Agent Survey that foreigner demand for local residential properties may be declining.
Money Shot of the Square
June 23, 2017

Rabie Century City Square SAPOA Award SAs top mixed use development

in Office, Retail, Industrial, Hotels and Residential
It is official. Century City Square, the new all-green commercial and hospitality hub of Century City, is South Africa’s top mixed use development.
ZimbaliKZN R15 5m for sale
Jun 23, 2017

Now its semigration to KwaZulu-Natal

Much has been said about the semigration of buyers – notably Gauteng buyers – to the Western Cape.
Atterbury Property Development Amrod
Jun 23, 2017

Atterbury Property Developmwnt scores a double in the prestigious SAPOA property…

Landmark property development projects from Atterbury, the leading South African property developer and investor, once…
Andile Mazwai COO Rebosis Property Fund
Jun 23, 2017

Rebosis Property Fund names accomplished business leader Andile Mazwai as new CEO

Rebosis Property Fund appoints Andile Mazwai as CEO with effect from 1 October 2017 taking over from founder Sisa…
Leanne Govender
Jun 22, 2017

From building houses to building futures: It’s time to take affordable housing in SA…

There can be no arguing against the fact that the provision of affordable housing is a vital component of the social…
John LoosFNB
Jun 22, 2017

Building confidence registers sharp fall in Q2

After reaching its highest level in more than a year of 43 points in 1Q2017, the FNB/BER Building Confidence Index fell…

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Property Leader

Jeff Zidel

Jeff Zidel

Independent Non-Executive Chairman, Fortress Income Fund Jeff has been a successful property developer and investor and has been involved in all aspects of the property industry for more than 40 years. He was three times past president of the Roodepoort…
Wednesday, 23 January 2013 23:04

Spain praised for REIT overhaul

Written by eProp@News
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Spain has been praised for its plans to overhaul the Real Estate Investment Trust (REIT) regime by the European Public Real Estate Association (EPRA)

REITs have been identified by EPRA as an effective way to recapitalise property after a crisis and, with Spanish real estate struggling to reverse falling values, it is hoped this will be just the tonic. Ireland, which has endured similar property woes, will also be overhauling its REIT system in 2013.

Philip Charls, chief executive of EPRA, stated: "The Spanish and Irish governments have realised that the best way to attract domestic and international capital into their real estate markets and so underpin banking systems that are laden with property debt, is to make the sector attractive to investors." REITs are capable of doing this and have demonstrated their efficacy in previous crises, including the US Savings & Loans dilemma in the early 1990s.

According to Mr Charls, REITS have also been effective in Europe, channelling investment into top quality energy efficient buildings for businesses, retail units and housing. France and the UK are just two examples of countries that have effective REIT structures in place. However, there are risks for countries using REITs and these must not be ignored. "They are effectively equities and can therefore be just as volatile," explained Darius McDermott, managing director at Chelsea Financial Services, a financial adviser, to the Financial Times.

Nevertheless, Spain is trying to make the system as secure and effective as possible, approving an amendment on December 20th 2012 to cut tax on profits to zero, so long as 80 per cent of earnings are given to investors. This brings Spain broadly in line with the rest of Europe and abolishes the flat tax regime, which was unattractive to investors.

Speaking to Property Investor Europe, Mayra Merchan, general manager of the Association of Spanish Rental Property Companies, claimed that the overhaul of REITs and potential influx of property investment could also help to create much needed jobs. With unemployment limiting the activity of domestic buyers in the property market, this will have positive ramifications across the board.

Source: EPRA

Last modified on Thursday, 24 January 2013 07:50

Listed Property, REIT, Real Estate Funds

Atterbury Property Development Amrod

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June 23, 2017 Listed Property, REIT, Real Estate Funds eProperty News
Landmark property development projects from Atterbury, the leading South African property developer and investor, once again featured heavily among the winners of the coveted South African Property Owners Association (SAPOA) Awards in 2017.

Office, Retail, Industrial, Hotels and Residential

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June 26, 2017 Office, Retail, Industrial, Hotels and Residential eProperty News
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Green Building and Sustainability

Dorah Modise GBCSA

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June 12, 2017 Green Building and Sustainability eProperty News
As it enters its 10th year in operation, The Green Building Council South Africa (GBCSA) has reached the remarkable milestone of 250 green building certifications in Africa.

Commercial Property Auctions

ERF 112227 Epping Cape Town

Clear Asset to auction Dairybelle's Epping properties and moveables in final Liquidation order

June 16, 2017 Commercial Property Auctions eProperty News
Clear Asset to auction Dairybelle's Epping properties and moveables in final Liquidation order.

Africa, International Property News

Exterior view of Lulius Mall Iasi ATTERBURY EUROPE

Atterbury joins forces with Iulius, The market leading developer of mixed-use properties in Romania

June 21, 2017 Africa, International Property News eProperty News
Atterbury Europe has entered into a 50/50 joint venture with Iulius .

Construction, Energy and infrastructure

Clearwater solar

Additional solar pv added to Clearwater Mall

June 20, 2017 Construction, Energy and Infrastructure eProperty News
Hyprop Investment Limited’s Gauteng-based regional shopping centre, Clearwater Mall, has added additional solar photovoltaic (PV) to their roof.

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