A technical recession and low investor confidence has produced a seven-year investment low in the commercial property market.

JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) has bolstered its liquidity and began a process to refine its international holdings following an agreement to sell a 19.5% stake in Australia-listed Cromwell to Singapore-based ARA Asset Management Limited.

A decade after the global financial crisis, the Royal Institution of Chartered Surveyors (RICS) Investment Risk Forum (IRF) - which comprises more than 40 of the world’s most influential real estate investors - has found that diminishing returns are driving real estate investment diversification.

JSE-listed diversified real estate investment trust Redefine Properties has delivered another solid performance after increasing its distribution by 7.5% to 44.82 cents per share for the six months to 28 February 2017.

Actis, a leading emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund.

Tongaat Hulett will release 42 of the remaining 62 hectares of Ridgeside, its iconic development on Umhlanga Ridge,to the market as a single transaction in the first quarter of 2014. 

South Africa's foremost financial services company, FirstRand Limited has disclose plans to invest proceeds of its $250 million fund raising exercise across major West and Southern African real estate markets - particularly Nigeria, Ghana and Angola.

Cross border property transactions have been identified as the next wave of opportunity for property companies, and internationally, organisations have been gearing themselves up to create shareholder value and diversification away from their traditional hunting grounds

Giving real estate another dimension.

Page 2 of 2

Most Popular

Accelerate Property Fund sells Cherry Lane Shopping Centre for R60m

Mar 30, 2024
Cherry Lane Shopping Centre
Accelerate Property Fund sells Cherry Lane Shopping Centre for R60 million with Cadastral…

FNB Broker Business Confidence declines in 1st quarter of 2024

Mar 31, 2024
John Loos FNB Property Strategist
1st Quarter 2024 Property Sales Activity Survey –Brokers point to the commercial property…

Repo rate holds steady for 5th consecutive MPC meeting

Mar 27, 2024
FNB Estate Agent Survey Q1 2024
Today’s announcement by the Monetary Policy Committee (MPC) that the repo rate would…

Urbanisation drives demand for affordable housing in the Eastern Cape, TUHF

Mar 31, 2024
Letlatsa Lekhelebana_TUHF
Eastern Cape’s major metros are seeing an influx of people from surrounding rural areas,…

Please publish modules in offcanvas position.