Vukile Property Fund CEO Laurence Rapp discusses the fund’s full-year results‚ which show 7% growth in distributions despite a tough environment.

Jackie van Niekerk‚ CEO of Pivotal Property Fund discusses full-year results from the property investment fund.

Vukile Property Fund CEO Laurence Rapp says his fund is on track to have more than 90% of its portfolio in top quality retail assets, and to receive a rerating.

Developing Africa’s first purpose-built aerotropolis, with its nucleus being Dube TradePort, home to King Shaka International Airport, is significantly impacting on north coast property patterns as the ease of access prompts investors to acquire second homes in the region.

The Pivotal Fund Limited (‘Pivotal’), a development focused investment fund, today reported strong growth for the financial year ended 29 February 2016 with a 23.91% increase in net asset value per share to R22.80, excluding deferred tax.

Rebosis Property Fund, the JSE’s first listed black-managed REIT, today announced a watershed R6 billion transaction that will substantially increase the Group’s exposure to high-quality retail assets and significantly bolster its scale and liquidity.

Investec Property Fund announced a full year dividend of 124.66 cents per share for the year ended 31 March 2016.

An environmental group has applied for the legal review of a sewerage line being built on Kyalami agricultural holdings to service a shopping centre development in the area.

JSE diversified REIT, Dipula Income Fund, continued to weather the tough economy to post growth of 13% in distributable earnings and 7,1% in distributions per combined share for the six months to February 2016.

The opening of the Mall of Africa in Waterfall Estate in Gauteng makes it the largest single-phase shopping mall development in South Africa’s history.