Friday, 26 August 2016 11:02

Disposal of property letting enterprises

Shareholders are advised that Rebosis has concluded an agreement for the disposal of the property letting enterprises in respect of the 3 properties known as 28 Harrison Street, 124 Main Street and 64 Eloff Street (the “properties”) to Southern Palace Group of Companies Proprietary Limited (“Southern Palace”) for an aggregate consideration of R847 498 292 (exclusive of VAT at zero percent) (the “disposal”).

Globe Trade Centre grows its income-generating portfolio 9% in the six months to June.

Commercial properties can host a variety of different tenants. What makes the property successful for both landlord and tenant will be whether the tenant mix works for everyone.

Liberty whose investments include the iconic Sandton City – “the richest square mile in Africa” – announces its intention to list a portion of its premium property portfolio on the JSE as a Real Estate Investment Trust (REIT), to be called Liberty Two Degrees before the end of 2016.

Saturday, 20 August 2016 09:36

Rockcastle Global Real Estate aiming high

Rockcastle Global Real Estate is on track to become a fund split 50-50 across direct and indirect real estate.

Block by block and street by street, Port Elizabeth’s historic Central is steadily being reclaimed and regenerated as a vibrant hub of live-work-and-play activity, housing students, young professionals, creative and professional businesses and tertiary education institutions as well as popular tourist attractions.

June Retail Building Statistics complete the 2nd quarter building picture, and pointed to a still-brisk pace of Retail Space building activity for the 2nd quarter as a whole.

Reaffirming the huge demand for prime located retail space in the Western Cape, Ikon Property Group recently brokered a transaction for the sale of Rondebosch Village Shopping Centre, which was acquired by a private property fund for R20.2 million.

Globe Trade Centre S.A., a well-established developer and property manager in the CEE and SEE regions, became the first Polish inward listed company when it listed on the main board of the JSE today.

Emira Property Fund Limited today reported distribution growth of 8.8 % per share for its full-year ended 30 June 2016, meeting its market guidance with a strong set of results for Emira investors.

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