Landlords in the burgeoning office hub of Rosebank are not shy to charge premium-grade office tenants top-end rentals, given the demand for space in the district.

In one of the largest local property transactions of the year, Pivotal shareholders approved the transaction in which JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) will acquire all of the shares in property developer and capital growth fund Pivotal.

JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) has harnessed the benefits of a diversified portfolio and operational efficiencies to deliver a solid performance for the full year to end August 2016.

JSE listed Trematon Capital Investments Limited (“Trematon” or “the Company”), the Western Cape focused actively managed Investment Holdings Company, through its subsidiary ARIA Property Group (“ARIA”), today announced a R614 million acquisition from Redefine Properties Limited.

The Pivotal Fund Limited (‘Pivotal’), a development-focused investment fund, today reported solid results for the six months ended 31 August 2016 with a 17.35% increase in net asset value per share to R23.00, excluding deferred tax (“NAVPS”) year-on-year.

Nearly a third of all South African listed REITS (real estate investment trusts) can be counted among the JSE’s 100 most empowered companies in 2016.

Listed property continues to be an attractive investment compared with other asset classes, but it is likely to achieve single digit total returns this year.

Redefine Properties has been recognised as a Top Employer in South Africa by The Top Employers Institute, for its exceptional employee offerings for the second time in a row.

The listed property sector has managed to outperform other equities but has been outdone by bonds during 2016 so far.

To meet the demands of the growing number of companies looking to improve the utilisation of their office space, listed real estate investment trust Redefine Properties (JSE: RDF) has partnered with global flexible workspace company Regus to grow its footprint in this exciting market segment.

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