Against the backdrop of a deteriorating global economy, JSE retail specialist REIT – Hyprop - achieved higher distributable income in both its South Africa and Eastern Europe portfolios for the year to June 2019. 

Fortress REIT Ltd (JSE: FFA and FFB) welcomes the announcement yesterday by the Financial Sector Conduct Authority (FSCA) that there is no evidence of prohibited trading practices by related parties in relation to Fortress share trades.

Fortress REIT Limited A shares have recorded the best performance among real estate stocks on the JSE this year, with an impressive 19.5% total return.

Eris Property Group  has appointed a new Chief Executive Officer (CEO). Barend de Loor will assume his new role at the property development, investment and services group as of 1 September 2019, succeeding long-standing CEO of 15 years, Warren Schultze.

Estienne de Klerk has been elected Chairman of the SA REIT Association, which represents the South African listed REIT (real estate investment trust) sector.

NEPI Rockcastle continues to leverage on its strengths and consolidate its position as the dominant, high-quality shopping centre owner with the most robust management platform in Europe’s highest growth region.

Emira Property Fund has reported a 3.1% increase in distributions for its financial year ended 30 June 2019, delivering on its market guidance and continuing its dividend growth for the second consecutive year following its successful turnaround.

JSE specialist shopping centre REIT, Hyprop, today announced the sale of Manda Hill Shopping Centre located in Lusaka, Zambia.

Dipula Income Fund, a diversified, South-African focused and Black-managed REIT, today announced a non-binding offer to acquire 100% of the shares in SA Corporate Real Estate Limited through a merger of the two companies.

Safari Investments, the Pretoria based low LSM retail property fund, today announced the receipt of a firm intention proposal from Community Property Company , an unlisted property fund in the Futuregrowth Asset Management stable, to make a R1.8 billion all cash clean offer to acquire the entire issued share capital of Safari.