South Africa’s listed property sector can expect another interesting year in 2014 according to Redefine Properties CEO Marc Wainer, who predicts interest rates will be one of the most important underlying forces for the sector.

Redefine Properties has completed its maiden direct offshore property acquisition, obtaining a 50% share in the landmark Northpoint Tower located in North Sydney, Australia.

Shopping centre developers are beginning to change the layout of malls to cater for shoppers' changing habits.

Redefine Properties has announced that Robert Robinson has been appointed as an independent non-executive director to the Board of Directors of Redefine.

A lack of new business growth is keeping the office property market in the doldrums, according to a report released on Monday by global real estate services firm Jones Lang LaSalle.

Redefine Properties today reported distribution growth of 7.3% to investors for the year ended 31 August 2013, outperforming expectations. Redefine’s net asset value increased by 8.6%.

It will probably take at least another 12-24 months before Redefine Properties achieves its ultimate goal of a full takeover of Fountainhead Property Trust’s R11,1bn portfolio.

Former SA Corporate Real Estate Fund MD Len van Niekerk has been appointed by Redefine as CEO of Fountainhead.

Redefine Properties said on Friday it had received confirmation from the JSE that the bourse had found no breaches of its listing requirements in relation to the battle for Fountainhead Property Trust’s portfolio.

For the first time Redefine Properties Limited received the IAS Best Reporting and Communication Award for the best presentation to the society by a company with market capitalisation between R5 and R30 billion for the 2012 financial year.