With all development rights in place, civil construction on the much awaited Ntshongweni Urban Development will commence in early 2019.

Attacq Limited (“Attacq”), a South African-based and JSE listed REIT, today reported results for the year ended 30 June 2018.

Tuesday, 04 September 2018 17:29

Downgrade risk returns as SA enters recession

Poor GDP figures released today revealed that South Africa has entered a technical recession following two consecutive quarters of negative economic growth, heightening the country’s risk of suffering yet another credit downgrade in the second half of the year, says Citadel Chief Economist and Advisory Partner Maarten Ackerman.

The fourth and final phase of the popular Willow Wood Office Park, developed by Heartwood Properties, in Fourways in Gauteng, is currently under construction and due for completion in March next year.

Cape Town, 4 September 2018. South Africa’s top performing SA REIT Fairvest Property Holdings Limited (“Fairvest”) today announced solid results for the year to 30 June 2018, with annual distributions increasing by 9.91% to 20.150 cents per share. 

Monday, 03 September 2018 10:28

Meropa Hotel celebrates first anniversary

It has been a year since Sun International’s Meropa Hotel opened its doors for business, heralding a new era for the Meropa casino and entertainment complex.

Growthpoint Properties today announced distribution growth of 6.5% per share for its full year to 30 June 2018 for investors, delivering a solid set of results that match its market guidance.

Rising municipal rates and taxes is a hot-button issue - one that negatively affects, not only operating costs and gross rentals, but also makes demand on property management resources.

President Cyril Ramaphosa says there is a need to radically transform urban spatial planning to ensure that citizens, particularly the poor and the working class, live closer to places of work and amenities.

Gemgrow has acquired, an effective economic interest of 95% in Moolgem, which comprises largely of a retail portfolio, totalling 26 properties in the Limpopo region, for approximately R628m, yielding 11.48%.

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