Wednesday, 02 October 2019 16:47

Disposal of Abbotsinch Retail Park, Paisley

Hammerson plc has exchanged contracts for the sale of Abbotsinch Retail Park, Paisley to Ashby Capital for £67m. The sale price represents a net initial yield of 7.8% and is 3% below book value as at 30 June 2019.   

Texton Property Fund today reported a total dividend of 71.37 cents per share for its full-year ended 30 June 2019.

A fervent desire to reduce both monthly costs and traffic-congested travel times while residing in conveniently situated nodes has given rise to the ongoing success of the live-work-play lifestyle in South Africa.

Despite the headwinds facing the world economy, the global construction sector entered 2019 with significant momentum, having seen growth of five percent in 2018.

Delivering exceptional investment performance in current market conditions is no simple task, given that uncertainty and unemployment remain critically high whilst economic growth, liquidity and interest rates remain stubbornly low.

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.

From 2010, when Nedbank completed its headquarters on the corner of Rivonia Road and Maude Street to become the country’s first Green Building Council South Africa (GBCSA) Green Star-certified building, Sandton Central has remained on the cutting edge of green building practices on the African continent.

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.

JSE listed Balwin Properties, a developer that cares about environmentally responsible building practices and the delivery of high-quality apartments to its valued clients, today announced a major achievement in its ongoing drive to fight climate change through the mainstreaming of green lifestyle developments.

Based on data released by Statistics South Africa, private sector-financed building activity in the South African market for new housing continued to show divergent trends in the first four months of 2019, which might be related to lags in reporting.

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