Growthpoint Properties Limited today reported distribution growth of 6.0% for its six-month interim period to 31 December 2015, delivering performance at the top end of its market guidance.

Green Building Council South Africa (GBCSA), which promotes green building development in the country, has re-elected Seana Nkhahle as its non-executive chairman and Rudolf Pienaar as non-executive deputy chairman for a second term.

Resilient Reit is putting on ice its plans to build 10 shopping centres in Nigeria.

As if on cue, shares in the suitably named Resilient REIT roared, entrenching themselves in the pound seat, after the firm churned out yet another bumper set of earnings numbers.

More South African-listed property funds are looking to Australia for offshore expansion because of its better finance costto-yield spread.

Things at the country’s largest REIT by gross assets are not looking up. Growthpoint ended 2015 on a soft note after lopping off a fortune in investors’ funds. Figures from Catalyst Fund Managers are dispiriting from an investor’s angle.

Growthpoint Properties’ Inanda Greens office park is the new home of two top names in business: Heineken and FirstRand Bank Limited.

Growthpoint hereby announces the resignation of Mr Herman Mashaba as non-executive director and deputy chairman of the Company.

While most of last year was a pleasing one for Hyprop shareholders, 2016 has begun on a poor note. In fact, 2015 ended with little good news from the marketplace, as the stock plunged after a months-long rally.

Until recently, Growthpoint Properties and Redefine Properties were the largest listed South African real estate groups, leaving institutional investors with limited choice.

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