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Rode Associates CEO Erwin Rode
July 29, 2016

Rode & Associates once again receives top honours in national survey

in Office, Retail, Industrial, Hotels and Residential
Property valuation firm Rode & Associates, has been honoured with top awards from the authoritative publication Professional Management Review (PMR.africa) in this year’s PMR.Africa rankings.
Office Stock vs Office Demand
July 29, 2016

Alarm bells ringing in the Centurion office space market

in Office, Retail, Industrial, Hotels and Residential
The Pretoria decentralized office market continues to suffer from the aftermath of overzealous development coupled with weak demand for space to rent.
Palm Brook
July 29, 2016

Construction of fifth Oasis luxury apartment block underway

in Construction, Energy and Infrastructure
Construction of Palm Brook, the fifth block of apartments in the Oasis Luxury Retirement Resort at Century City where 23 apartments have already been sold for more than R120million, has now commenced.
Black River Park
Jul 29, 2016

Black River Park cements its position as Africa’s largest integrated photovoltaic…

Redefine Properties’ Black River Park in Cape Town has cemented its position as Africa’s largest integrated…
Geoff Jennett Emira Property Fund
Jul 29, 2016

Emira Property Fund rejects Arrowhead’s expression of interest

The Board of Directors of Emira Property Fund has rejected Arrowhead’s unsolicited, non-binding, and highly conditional…
JT Ross Sydney Rd
Jul 28, 2016

Biggest brown fields refurbishment on track for October launch

The reinvention of Durban’s old Dunlop tyre factory into state-of-the art warehousing is on track and will be ready for…
Klaus Dittrich Chairman and CEO Messe München
Jul 27, 2016

EXPO REAL is Europe's largest real estate and investment trade fair

The real estate and investment industry are also concerned with Brexit and the question behind it: What does the future…
Norman Raad Broll Auctions and Sales
Jul 27, 2016

Challenging times see some of the best properties taken to auction in years

Exciting opportunities arise in uncertain and difficult times, says Norman Raad, CEO of Broll Auctions and Sales.

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Company Profile

High Street Auction Co

High Street Auction Co

High Street Auctions specialises in the marketing and selling of commercial, industrial, retail, agricultural and residential properties on auction. By operating in a transparent and professional manner, High Street Auctions has achieved widespread confidence…

Property Leader

sonja_griesel

Sonja Griesel

Sonja Griesel is an Independent non-executive of Acsion.
Wednesday, 23 January 2013 23:04

Spain praised for REIT overhaul

Published By  [email protected]
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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

Geoff Jennett Emira Property Fund

Emira Property Fund rejects Arrowhead’s expression of interest

July 29, 2016 Listed Property, REIT, Real Estate Funds eProperty News
The Board of Directors of Emira Property Fund has rejected Arrowhead’s unsolicited, non-binding, and highly conditional expression of interest to acquire all of Emira’s issued share capital on the basis that it has no benefit to Emira’s shareholders.

Office, Retail, Industrial, Hotels and Residential

Rode Associates CEO Erwin Rode

Rode & Associates once again receives top honours in national survey

July 29, 2016 Office, Retail, Industrial, Hotels and Residential eProperty News
Property valuation firm Rode & Associates, has been honoured with top awards from the authoritative publication Professional Management Review (PMR.africa) in this year’s PMR.Africa rankings.

Green Building and Sustainability

Black River Park

Black River Park cements its position as Africa’s largest integrated photovoltaic plant

July 29, 2016 Green Building and Sustainability eProperty News
Redefine Properties’ Black River Park in Cape Town has cemented its position as Africa’s largest integrated photovoltaic (PV) plant when it turned on phase 3 of its PV installation earlier this month.

Commercial Property Auctions

Norman Raad Broll Auctions and Sales

Challenging times see some of the best properties taken to auction in years

July 27, 2016 Commercial Property Auctions eProperty News
Exciting opportunities arise in uncertain and difficult times, says Norman Raad, CEO of Broll Auctions and Sales.

Africa, International Property News

Klaus Dittrich Chairman and CEO Messe München

EXPO REAL is Europe's largest real estate and investment trade fair

July 27, 2016 Africa, International Property News eProperty News
The real estate and investment industry are also concerned with Brexit and the question behind it: What does the future of Europe look like with national barriers?

Construction, Energy and infrastructure

Palm Brook

Construction of fifth Oasis luxury apartment block underway

July 29, 2016 Construction, Energy and Infrastructure eProperty News
Construction of Palm Brook, the fifth block of apartments in the Oasis Luxury Retirement Resort at Century City where 23 apartments have already been sold for more than R120million, has now commenced.

Most Popular

Listed property groups struggling to find takeovers

Jul 06, 2016
Maurice Shapiro
SA's listed property companies struggle to find well priced acquisition opportunities and…

When does an Estate Agent earn a commission?

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Buyers and sellers alike often see an estate agent as a necessary evil when it comes to…

Attacq and Sanlam announce Waterfall joint venture development

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The joint venture has acquired 28ha of Waterfall land from Attacq and an additional…

South African property sector is worth a whopping R5.8 trillion

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Emira Property Fund signs WSP Parsons Brinckerhoff for the first phase of its major R795 million redevelopment of Knightsbridge, Bryanston

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Knightsbridge Manor
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