Grit Real Estate financial results for the year-ended 30 June 2019
London Stock Exchange listed Grit, the only listed Africa-focused income distribution group to offer international property investors access to high growth opportunities in thriving African economies outside of South Africa, today announced robust interim results for the financial year ending 30 June 2019, despite challenging macro-economic conditions.
Abland making good progress on R2bn smart precinct in Pretoria
Abland, one of South Africa’s leading property developers for over 30 years, together with its partners on the Irene Link development, Giflo and SOM will be breaking ground on the second phase of the commercial development at the Irene Link precinct in Pretoria, in October 2019. This 8,500m² commercial building will be ready for occupation in October 2020.
Exemplar REITail Acquires Katale Square Shopping Centre
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping centre.
4AX listed Heartwood Properties reveals positive financial results
Commercial property development company, Heartwood Properties , has revealed a 30% increase in their portfolio value, and a 29% increase in net asset value at the end of their first year as a listed company on the 4AX (4 Africa Exchange).
City of Joburg Housing Development wins UN award
Mixed-use is the key to funding hotel development in Africa
JLL’s research into global property transactions reveals that in the first half of 2019, there was a 42% increase in the value of mixed-use property transactions.
Growthpoint posts 5.3% growth in full-year distributable income
Growthpoint Properties has posted results for the year to 30 June 2019 with distributable income growth of 5.3% and dividends per share up 4.6%, outperforming its market guidance marginally.
Multi-million Rand Rustenburg Mall Underway
Rustenburg shoppers can look forward to a brand new shopping centre – Rustenburg Mall – set to introduce its first phase in April 2021.
FNB unveils first phase of revamped BankCity precinct to affirm its investment in inner-city
FNB has unveiled the first phase of its BankCity revitalization project to continue its commitment and investment in the Johannesburg inner-city.
Positive momentum in global construction sector will help support economic growth, says Turner & Townsend
Despite the headwinds facing the world economy, the global construction sector entered 2019 with significant momentum, having seen growth of five percent in 2018.
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