Redefine Properties (JSE: RDF), which has increased its distribution for the six months ended 28 February 2019 by 4.0% to 49.2 cents, continues to build a solid platform for sustained growth and value creation despite ongoing economic and political uncertainty.

In line with its stated intention of strengthening governance, broadening diversity and improving board independence, JSE listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) has appointed Sipho Pityana as its independent non-executive chairperson. The appointment is effective from 3 May 2019.

With experiential retail being one of the hottest trends in the retail and shopping centre industry right now, the South African Council of Shopping Centres (SACSC) commissioned a research report to get insight into the growth of experiential retail in the local mall marketplace.

While elections are just days away, the rand has remained relatively unresponsive to local elements ranging from politics to economic data.

Building on the success of the strongest mall in Cyprus, Atterbury Europe’s first phase Mall of Cyprus expansion has opened to shoppers with an added 6,000sqm of retail space, 15 new retail brands, six new food and beverage concepts and 300 extra parking spaces.

Abland, one of South Africa’s leading property developers for over 30 years, is developing a distinctive mixed use development in the CBD of Cape Town in partnership with Nedbank.

John Rabie, one of South Africa’s most successful property developers, has recently embarked on a substantial new venture in Portugal. 

Buying a new home continues to become more affordable as weakening housing demand results in ongoing negative real price growth (after inflation) in the residential property market.

The Public Investment Corporation SOC Limited (PIC) has increased its beneficial shareholding in Texton Property Fund, growing its stake in the JSE-listed SA REIT from 5.2% to a significant 18.9%.

Property valuers Rode & Associates has once again been recognised for its outstanding expertise in property valuation.

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