eProperty News

The property market is holding steady in challenging times, with the lower end of the market accounting for the bulk of home loan applications.

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.

Against the backdrop of ongoing measures to address the Covid-19 pandemic in South Africa, the Supplementary Budget 2020 highlighted several key aspects, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

The Master Builders Association (MBA) North has broadly welcomed President Ramaphosa’s vision of massive infrastructure spending as the “flywheel” of South Africa’s recovery from the COVID-19 crisis.

JSE REIT Stor-Age, South Africa’s leading and largest self storage property fund, continued outperforming sector and JSE indices for the year to March 2020, with robust results and a 5% higher dividend of R1.12 per share reflecting the resilience of the self storage product.

JSE listed diversified real estate investment trust Redefine Properties (JSE: RDF) along with equity partners Madison International Realty and Griffin Real Estate in European Logistics Investment BV  and in joint venture with its strategic development partner Panattoni Europe.

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