JLL’s Q1 2018 market reports unpack topical trends impacting South Africa’s main office, industrial and retail markets in the commercial real estate sector.

Equites Property Fund Limited today announced growth in distribution per share for the year ended 28 February 2018 of 12.2% to 123.86 cents, as well as a 30% growth in the fair value of its property portfolio from R6.2 billion to R8.1 billion.

Growthpoint Properties and Investec Asset Management, in partnership with the International Finance Corporation (IFC), have announced the commencement of operations of their pan-African real estate investment business, Growthpoint Investec African Properties (GIAP), which is managed by Growthpoint Investec African Property Management.  

Shareholders are advised that Stenprop completed the acquisition of a fully-let industrial estate in Shrewsbury on 24 April 2018 for £2.9 million, in line with its stated strategy to focus on UK multi-let industrial (“MLI”) property.

Amidst serious political turmoil, the South African property market ended 2017 on a better footing, with industrial property and flat rentals managing to outpace inflation.

Rental growth continues to move at a steady pace, with the annual rate of growth on prime office assets across the 95 major markets covered by the JLL Global Office Index standing at 2.3% and around 70% of all markets recording rental uplift over the past year.

Arrowhead Properties, the only JSE listed property loan stock company to pay quarterly distributions, today exceeded expectations by achieving a 12,36% growth in distributions for the year ended 30 September 2013. 

An issue that needs to be addressed is the development of sufficient affordable housing to meet tremendous market demand.

Listed property unit trust Martprop Fund said on Tuesday it had acquired both an office and an industrial property in Gauteng for a total outlay of R65,5m. 

A R43,3 million acquisition of a one-year-old Durban retail development is set to boost the share of SA Retail Properties Ltd assets in previously under-developed communities to more than 10%.