Thursday, 29 November 2018 17:54

Hammerson completes £236m Highcross sale

Hammerson plc  today announces that is has completed the sale of the 50% stake in Highcross shopping centre in Leicester to an Asian investor introduced by M&G Real Estate for £236m.

SA-focussed and diversified REIT, Dipula Income Fund, reported double-digit growth in distributable earnings to R504.2 million, and its DIA and DIB  dividends per share were up over 4,4% a piece year-on-year. 

According to the report, a few commercial buildings were completed in the first half of 2018, increasing the total office supply to about 1.74 million sq m of Gross Leasable Area (GLA).

MSCI Inc. (NYSE: MSCI), a leading provider of indexes, portfolio construction, risk management tools and services for global investors, has announced the winning funds for the 15th MSCI South African Direct Property Investment Awards.

Hammerson plc (“Hammerson”) has exchanged contracts for the sale of a 50% stake in Highcross shopping centre in Leicester for £236m. This represents a 5% discount to December 2017 book value allowing for capex associated with the proactive reconfiguration of the former House of Fraser store.

EPP, Poland’s largest retail property owner, posted distribution growth of 12% per share to EUR 5.82 cents for the six months ended 30 June 2018.

Tuesday, 19 June 2018 14:07

A smart future for African real estate

Regarded as the continent’s premier gathering for key African policy makers, developers, corporates, and investors, the 9th annual Africa Property Investment (API) Summit & Expo will be held this year at the Sandton Convention Centre, Sandton Central, on Thursday 20 and Friday 21 September 2018.

The South African Council of Shopping Centre’s (SACSC) Annual Research Conference celebrated its eighth anniversary recently with more than 270 delegates representing the country’s most respected companies and brands, in attendance.

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.

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