In order of most empowered, the REITs are: Arrowhead Properties, Redefine Properties, Growthpoint Properties, Equites Property Fund, and Rebosis Property fund.

Estienne de Klerk has been elected Chairman of the SA REIT Association, which represents the South African listed REIT (real estate investment trust) sector.

Property Point, the Growthpoint Properties initiative, has officially facilitated more than R1bn successful procurement opportunities for small businesses operating in South Africa’s property sector.

In the last decade, SA REITs have proven their ability to operate successfully on the international stage and play in almost any market in the world. But does this make them truly global real estate players?

In a landmark partnership for collective economic growth in South Africa, the Department of Small Business Development (DSBD) is joining forces with Property Point, a Growthpoint Properties initiative, to develop more small businesses for South Africa’s property sector.

Growthpoint Properties today introduced the first electronic bike hubs to Sandton Central in a pilot project that pioneers a new, convenient and environmentally innovative alternative mode of transport for South Africa’s financial hub.

Ten thriving small businesses have graduated from the rigorous two-year enterprise development incubation programme offered by Property Point: a Growthpoint Initiative.

Tuesday, 21 July 2015 15:46

Prime office space still in demand

Although high office vacancies continue to plague the listed property sector, there has been some respite in the second quarter of this year.

Growthpoint Properties Limited today reported distribution growth of 7.5% for its six-month interim period to 31 December 2014, delivering performance at the top end of its market guidance.

South Africa’s commercial real estate sector welcomed the announcement by Minister of Finance Nhlanhla Nene in his budget speech yesterday that National Treasury is supporting, and working towards, extending South Africa’s REIT (Real Estate Investment Trust) dispensation to unlisted property-owning companies.

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