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Property

Octodec announces dual role for Erasmus as it positions itself for growth
28th October 2024 By: Sabrina Jardim

JSE-listed real estate investment trust (Reit) Octodec Investments has announced that incoming executive FD and debt officer Riaan Erasmus will also assume the position of deputy CEO, with effect... 


L2D chief commercial officer José Snyders
L2D makes strides in sustainability, reports retail portfolio healthy
25th October 2024 By: Sabrina Jardim

As part of its sustainability efforts, Liberty 2 Degrees (L2D) expects to complete its solar energy rollout of 17 MW across its retail centres by the end of 2025, which will reduce its overall... 


The Thaba Eco-Village Lifestyle Centre
Balwin Properties achieves its tenth 6 Star Green Star Design rating
24th October 2024 By: Creamer Media Reporter

Residential property developer Balwin Properties has secured its tenth 6 Star Green Star Design rating on a lifestyle centre for the Thaba Eco-Village Lifestyle Centre and Montessori School,... 


Calgro M3 CEO Wikus Lategan
Calgro M3 records lower revenue, higher earnings
14th October 2024 By: Schalk Burger

JSE-listed residential estates and memorial parks developer Calgro M3 has reported a decrease in revenue to R507-million for the six months ended August 31, compared with revenue of R689-million... 


An image of Equites CEO Andrea Taverna-Turisan
Equites delivers strong interim performance
10th October 2024 By: Tasneem Bulbulia

Property developer Equites Property Fund achieved distributions per share (DPS) of 66.50c for the six months ended August 31, aligned with its market guidance. The group is now targeting full-year... 


Afrimat Construction Index bounces back in second quarter
4th October 2024 By: Irma Venter

The Afrimat Construction Index (ACI) has managed to bounce back in the second quarter of this year. The ACI is a composite index of the level of activity within the building and construction... 


Gauteng province planning to convert six hostels into 2 000 family units – Kubayi
2nd October 2024 By: Schalk Burger

The Gauteng Department of Human Settlements is undertaking detailed planning for the eradication and conversion of six hostels owned by the provincial department to 2 000 family units, Human... 


We all feel a lot better about South Africa, says construction group WBHO boss
27th September 2024 By: Irma Venter

Wilson Bayly Holmes-Ovcon (WBHO) is currently in “a good space”, says CEO Wolfgang Neff. “We all feel a whole lot better about South Africa.” 


Emira Property Fund's Summit Place building
Emira expects liquidity strengthening from disposals
26th September 2024 By: Marleny Arnoldi

JSE-listed Emira Property Fund says its local commercial portfolio has performed well in the five months ended August 31, with total vacancies across the portfolio having increased only marginally... 


An artist's impression of the Frankenwald Estate
Wits to use Frankenwald sale proceeds for special endowment fund
19th September 2024 By: Schalk Burger

The University of the Witwatersrand (Wits) says all proceeds from the sale of the Frankenwald Estate, in Gauteng, and the future sale of residential and commercial sites will be placed into a... 


An image of the Table Bay Mall
Hyprop posts better-than-expected distributable income, looks to future growth
17th September 2024 By: Tasneem Bulbulia

Retail centre owner Hyprop has reported distributable income of 370.4c a share for the financial year ended June 30, a reduction of 8.6% year-on-year, but better than previously anticipated. In... 


Architects on site
Sacap engages with Ekurhuleni executives to improve human settlement projects
16th September 2024 By: Marleny Arnoldi

Architectural profession regulator the South African Council for the Architectural Profession (Sacap) has expressed dedication to work closely with the Ekurhuleni Mayor’s office and the Department... 


Expansion of Infrastructure SA central to DPWI’s strategy, Telkom Towers deal to be probed – Macpherson
13th September 2024 By: Irma Venter

The expansion and capacitation of Infrastructure South Africa (ISA) is central to the Department of Public Works and Infrastructure’s (DPWI’s) strategy for increased infrastructure investment, says... 


Afrimat Construction Index bounces back in second quarter
Afrimat Construction Index bounces back in second quarter
12th September 2024 By: Irma Venter

The Afrimat Construction Index (ACI) has managed to bounce back in the second quarter of this year. The ACI is a composite index of the level of activity within the building and construction... 


Growthpoint CEO Norbert Sasse
Growthpoint reports improved KPIs despite high interest rates
11th September 2024 By: Sabrina Jardim

JSE-listed retail estate investment trust (REIT) Growthpoint Properties has reported improvements in the majority of key performance indicators (KPIs), including arrears, rental reversion rates,... 


Wolfgang Neff
We all feel a lot better about South Africa, says WBHO boss
11th September 2024 By: Irma Venter

Wilson Bayly Holmes-Ovcon (WBHO) is currently in “a good space”, says CEO Wolfgang Neff. “We all feel a whole lot better about South Africa.” 


Attacq grows distributable income by 19.9%, full-year dividend by 19%
10th September 2024 By: Schalk Burger

JSE-listed real estate investment trust Attacq grew its distributable income per share for the financial year ended June 30 by 19.9% year-on-year to 86.2c, while its full-year dividend increased by... 


An image showing the 8a Avinda shopping centre
Vukile acquires €176m shopping centre portfolio in Portugal
9th September 2024 By: Tasneem Bulbulia

JSE-listed Vukile Property Fund’s 99.5% held Spanish subsidiary Castellana Properties has agreed to acquire a high-quality, blue-chip-tenanted portfolio of three shopping centres in Portugal.... 


Calgro M3 CEO Wikus Lategan
Lategan, Joubert to leave Calgro M3 at year-end
6th September 2024 By: Schalk Burger

JSE-listed integrated residential developer Calgro M3 has informed shareholders that CEO Wikus Lategan and Memorial Parks MD Waldi Joubert have resigned, with effect from December 31, to pursue... 


Cape Town Mayco okays 7 ha land release for mixed-use development; must include affordable housing
Cape Town Mayco okays 7 ha land release for mixed-use development; must include affordable housing
5th September 2024 By: Irma Venter

Cape Town’s Mayoral Committee has greenlit the release of 7 ha of land for a mixed-use development in Rondebosch East, roughly 10 km from the city centre. The committee will now seek council... 


admyt ticketless parking
Hyprop deploys admyt ticketless parking solution at major malls
3rd September 2024 By: Marleny Arnoldi

JSE-listed real estate investment trust Hyprop Investments and ticketless parking solutions company admyt have partnered to improve parking services at Hyprop’s largest retail centres. admyt will... 


Nedbank CIB, SA REIT Association to launch sustainability guide
2nd September 2024 By: Schalk Burger

Financial services firm Nedbank Corporate and Investment Banking (CIB) and industry organisation the South African Real Estate Investment Trust Association (SA REIT) have formed a strategic... 


Akademia unveils R3.2bn plan for private higher education campus
30th August 2024 By: Irma Venter

Privately owned Afrikaans, Christian higher education institution Akademia has announced the development of a R3.2-billion campus in Pretoria East. The campus will be developed by real estate... 


Image of Public Works and Infrastructure Minister Dean Macpherson
Expansion of Infrastructure SA central to DPWI’s strategy; Telkom Towers deal to be probed
29th August 2024 By: Irma Venter

The expansion and capacitation of Infrastructure South Africa (ISA) is central to the Department of Public Works and Infrastructure’s (DPWI’s) strategy for increased infrastructure investment, says... 


A Redefine property in Sandton
A quarter of Redefine’s property portfolio to be powered by renewables by end-2025
27th August 2024 By: Darren Parker

JSE-listed real estate investment trust (Reit) Redefine Property has revealed that its total renewable-energy component, which includes wheeling and further expansion of its rooftop solar PV... 


A Redefined-owned property in Sandton
Redefine Properties optimistic about future of office space rental market
27th August 2024 By: Darren Parker

JSE-listed real estate investment trust (Reit) Redefine Properties has indicated optimism in the recovery of the office space rental sector, which suffered a severe drop-off in demand at the... 


Vukile concludes oversubscribed R796m unsecured bond issue at record low pricing
23rd August 2024 By: Sabrina Jardim

JSE-listed retail real estate investment trust (Reit) Vukile Property Fund has issued R796-million of senior unsecured corporate bonds with three-, five- and six and a half-year maturities. Vukile... 


Research shows South African Reit payout ratios on par with international peers
22nd August 2024 By: Schalk Burger

The average payout ratio of South African Real Estate Investment Trusts (Reits) was 75.6% in 2023 and is expected to reach 78.4% this year. This compares well with the global average payout ratio... 


The Wits Flower Hall
Wits' renovated Flower Hall shortlisted for World Architecture Festival award
19th August 2024 By: Schalk Burger

The new Flower Hall Examination and Test Centre, on the University of the Witwatersrand's (Wits') Campus West, has been shortlisted in the Creative Reuse category for the World Architecture... 


A model of the proposed Akademia development
New R3.2bn private higher education campus on the cards for Akademia
15th August 2024 By: Irma Venter

Privately owned, Afrikaans, Christian higher education institution Akademia has announced the development of a R3.2-billion campus in Pretoria East. The campus will be developed by real estate... 


Transnet Property CEO Advocate Kapei Phahlamohlaka
Transnet Property mulls investment-property vehicle as it moves ahead with sale of residential stock
13th August 2024 By: Terence Creamer

The property division of Transnet has been given board approval to sell its residential and non-core commercial properties over the coming two years, while moving to package the balance of the... 


Attacq, Hyprop sell AttAfrica shares and properties to Lango
12th August 2024 By: Schalk Burger

JSE-listed real estate investment trusts (REITs) Attacq and Hyprop, which each holds 50% shares in AttAfrica, will sell their interests to commercial real estate company Lango Real Estate.... 


Emira to acquire an interest in Polish property company
12th August 2024 By: Sabrina Jardim

JSE-listed Emira Property Fund has entered into a series of agreements with DL Invest Group 1 SCSP – controlled by Dominik Leszczynski –  and its wholly-owned subsidiary, DL Invest Group (DL... 


Cape Town wants GNU to give it more policing powers, right to run passenger rail and more
9th August 2024 By: Irma Venter

The City of Cape Town’s top requests to the Government of National Unity (GNU) are for municipal police to have the powers to investigate crime; the devolvement of passenger rail to the city; the... 


Growthpoint's The Towers property, in Sandton
Growthpoint rolls out renewable energy wheeling scheme at ten properties
5th August 2024 By: Marleny Arnoldi

JSE-listed real estate investment trust Growthpoint Properties has announced a new energy benefit scheme called e-CO2, which it will roll out at ten of its properties in Sandton. This marks a... 


SIMEON TASSEV
Cybersecurity firms play a vital role in supporting real estate companies
Company encourages strengthening cybersecurity in real estate
2nd August 2024 By: Simone Liedtke

As digitalisation continues to transform industries, the real estate sector has to deal with significant changes in how it manages and protects information, especially with the transition from... 


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