The SA REIT sector is set to deliver double-digit total returns to investors next year.

With sales of R150 million to date, only 52 out of the total of 143 apartments are still available for purchase in the brand new, designer apartment development, Le Boulevard, in the heart of uMhlanga on the rapidly expanding KwaZulu-Natal North Coast, according to Carol Reynolds.

After rising to 35 in 3Q2018, the FNB/BER Building Confidence Index fell back to 32 in 4Q2018. 

Growthpoint Properties continues to grow internationally with a further ZAR908 million investment in Australia.

Wednesday, 05 December 2018 19:24

SA exits technical recession in third quarter

South Africa has come out of a technical recession with the economy growing by 2.2% in the third quarter of 2018, said Statistics South Africa (Stats SA).

Inospace Property Fund, an owner and operator of branded business parks providing conventional and flexible workspaces, has completed the acquisition of seven industrial parks in Cape Town and  Johannesburg for R212 million, bringing the total value of its portfolio to over R1 billion.

Vukile Property Fund today reported 7.5% growth in dividends to 78.1 cents per share for its half-year to 30 September 2018, which is well in line with its full-year guidance.

On 4 October 2018 a consortium comprising the Peel Group (‘Peel’), the Olayan Group and Brookfield Property Group (together the ‘Consortium’) announced they were in the preliminary stages of considering a possible cash offer for intu.

Business accelerator Property Point and four of its small business graduates dominated this year’s SA Business Incubation Conference Awards. Together they won three of the six categories and walked away with a total of five awards.

 Diversified, South African-focused property fund Arrowhead today reported results for the year ended 30 September 2018.

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