eProperty News

Table Bay Mall celebrated its 1st anniversary on 28 September 2018. With 65,000m² of retail space, this world-class regional mall has, despite tough economic conditions, achieved turnover of more than R100m per month since it opened its doors; and continues to have an optimistic outlook for the coming years in the rapidly expanding Big Bay, Bloubergstrand and West Beach catchment areas.

The 2018 Retail, Design and Development Awards (RDDA) winners were announced on the opening day of the South African Council of Shopping Centres (SACSC) Annual Congress, held at Durban’s International Convention Centre.

Stenprop, the UK multi-let industrial property investor, has acquired an industrial estate in Bridgwater, Somerset, in an off-market deal from a private investor for £4.8 million, which reflects a net reversionary yield of 6.9%.

Third quarter (Q3 18) statistics released by ooba, South Africa’s leading home loan originator, show that year-on-year from Q3 17 to Q3 18, the growth in the Average Purchase Price effectively remained static with a 0.1% increase. This continues the trend of negative real price growth (growth less inflation) in the residential property market.

Balwin Properties, the JSE’s only national large-scale developer of turnkey sectional-title apartments and surrounding infrastructure aimed at the mid- to upper market segment, today reported strong financial growth for the interim financial period ending 31 August 2018.

At a lavish ceremony held at the exclusive Waldorf Astoria Dubai Palm Jumeirah hotel on 11 October 2018, Waterfall Management Company was honoured with the Best Mixed-use Development in South Africa 2018/2019 award for the Waterfall development.

Equites Property Fund Limited today announced growth of 11.7% in its distribution per share for the six months ended 31 August 2018 to 68.12 cents, as well as a 49% growth in the fair value of its property portfolio over the corresponding period in August 2017, from R6.8 billion to R10.1 billion.

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