China pledges $50 billion for industrialisation in Africa
China has reiterated its commitment to support industrialisation in South Africa and the rest of the African continent by pledging $50 billion towards industrialisation projects, said the Department of Trade and Industry (dti).
Significant growth and expansion characterises Equity Property Fund’s interims ended 31 August 2015
Specialist industrial property developer and landlord, Equites Property Fund, announced total distributions to shareholders of 45.42 cents per share for the 6 months ended 31 August 2015, 11.5% higher than the corresponding financial period, on an adjusted 6 months basis, and exceeding the pre-listing forecasts by 4.7%.
Weak rand boosts property funds with offshore exposure
While SA's listed property index is set to come under pressure during the rest of the year‚ certain companies are standing out as top performers.
Investec Australia Property Fund acquires Perth industrial property
Investec Australia Property Fund announced a $26.0 million acquisition in one of Perth’s core industrial suburbs, taking the value of the Fund’s total portfolio to $405.5 million.
Redefine Properties pioneers green rating tool for industrial property developments
Redefine Properties has pioneered new benchmarks for the green property sector by developing, in conjunction with the Green Building Council of SA (GBCSA), a Green Star SA Custom Industrial Rating tool for industrial developments.
South Africa’s largest self-storage property fund, Stor-Age Property REIT, set to list on the JSE in November
South Africa’s largest self-storage property fund, Stor-Age Property REIT, is set to list on the JSE in November as the first REIT of its kind on the exchange.
Oasis Crescent Property Fund expect between 17% and 27% growth in distribution per unit for the interim 30 September 2015
Oasis Crescent Property Fund expects between 17% and 27% growth in distribution per unit for the interim 30 September 2015, when compared against the previously reported corresponding period.
R6bn Keystone Industrial Park to revive employment in Hammarsdale
The once bustling textile and clothing manufacturing town of Hammarsdale, west of Durban, has been thrown a lifeline, giving hope to its legion of the unemployed.
Real estate endures despite constraints
While the local commercial property finance market has been constrained by poor economic growth, rising operating costs and low business confidence in the first half of this year, it remains buoyant, continuing the strong trend seen over the past few years, according to Nedbank Corporate and Investment Banking (NCIB) managing executive of property finance Robin Lockhart-Ross.
Industrial properties need a turnaround in the manufacturing and retail sectors
Until there is a significant turnaround in the performances of the manufacturing and retail sectors, strong growth in industrial market rentals cannot be expected.
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