Despite less than 300km separating the Eastern Cape cities of East London from Gqeberha (formally Port Elizabeth), the contrast in the residential rental property market could not be more significant.
Redefine Properties (JSE: RDF) announced today that its competitive bidding process to sell its interest in Journal’s two student properties in Australia has been concluded at A$459 million.
The largest student housing project ever undertaken by a South African public university is currently under development at the University of Fort Hare (UFH).
Taking up most of the city block at the corners of Market, Simmons and Commissioner Streets in the old city of Johannesburg.
JSE-listed diversified real estate investment trust Redefine Properties has delivered another solid performance after increasing its distribution by 7.5% to 44.82 cents per share for the six months to 28 February 2017.
Out of SA's total university student population of about 535,000, less than 20% of students can be housed on university campuses.

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