eProperty News

Investec Australia Property Fund (IAP or the Fund) is pleased to announce that Georgina Lynch has been appointed as an independent non-executive director of Investec Property Limited, the responsible entity of the Fund. Georgina’s appointment is effective from 1 July 2019.

Growthpoint Investec African Properties (GIAP), the pan-African real estate investment business managed by Growthpoint Investec African Property Management, has begun executing on its strategy to aggregate a quality portfolio of prime income-producing commercial assets in select cities across Africa.

Growth in the value of outstanding credit balances in the South African household sector (R1 669,6 billion) was only slightly higher at 6,1% year-on-year (y/y) at the end of May 2019 from 6% y/y at end-April when outstanding balances came to R1 660,9 billion.

JSE specialist shopping centre REIT, Hyprop, today announced progress on its strategy communicated to the market in March this year, where it stated its intention to reduce its exposure to sub-Saharan Africa excluding South Africa to focus its attention and capital on its South African and Eastern European businesses. 

There has been quite a buzz over the past few months regarding the Rental Housing Amendment Act, in the belief that a date will soon be set for the implementation of this new legislation, says Tobie Fourie, national rentals manager for the Chas Everitt International property group.

Discovery Place, the new high-performance global headquarters developed for Discovery in a joint venture of two of South Africa’s leading property companies, Growthpoint Properties and Zenprop Property Holdings, is the overall winner of the prestigious South African Property Owners Association (SAPOA) Awards 2019.

The FNB Property Barometer for 2019 indicated a low 3.7% year-on-year growth in Feb this year, compared to the 4.2% year-on-year CPI for the same period and the 3.8% annual average recorded in 2018.

Abland, one of South Africa’s leading property developers for over 30 years, have announced five new developments that offers direct access to the M12 with an immediate connection to the N7, providing them with easy access to the Cape Town Harbour, which are all situated at the 72 hectare Atlantic Hills Business Park in Cape Town.

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