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Property

 Redefine Properties CEO Andrew König
Redefine lifts revenue, dividend, but interest rates raise funding costs
6th November 2023 By: Schalk Burger

JSE-listed real estate investment trust Redefine Properties increased revenue by 20.2% to R9.9-billion for the year ended August 31, and declared total dividends for the year of 43.8c a share, up... 


Image of general construction work
Contractors urge dialogue as 88 companies faced liquidation last year
6th November 2023 By: Irma Venter

Contract changes within the construction industry and conditions that are slashing margins are becoming a growing threat to contractors, “contributing to the downward spiral of the construction... 


a photo of the outside of Seabourne's new facility
New warehouse to bolster logistics provider’s position in sector
3rd November 2023

Independent logistics service provider Seabourne Logistics announced in September that it would be moving into a new, “expansive” facility in Gauteng, South Africa. The new 22 000 m2 premises... 


Octodec lifts revenue, dividend, but costs also rise
2nd November 2023 By: Schalk Burger

JSE-listed residential- and retail-focused real estate investment trust Octodec has increased revenue by 3.3% to R1.99-billion for the financial year ended August 31. It also increased its... 


Balwin's Munyaka Crystal Lagoon
Balwin reports growth despite ‘toughest year ever’
26th October 2023 By: Darren Parker

JSE-listed Balwin Properties’ results for the six months ended August 31 have revealed a 33% growth in gross profit margin and a gross profit of R396-million, continuing the company’s recent margin... 


ECDC ‘open for business’ to co-develop properties in the Eastern Cape
23rd October 2023 By: Marleny Arnoldi

The Eastern Cape Development Corporation (ECDC) has announced plans to raise R900-million in private investment and R468-million in public funding by the end of the 2027/28 financial year to... 


Hyprop acquires Table Bay Mall
17th October 2023 By: Marleny Arnoldi

Retail-focused real estate investment trust Hyprop has announced it will acquire Table Bay Mall, in Cape Town, for R1.6-billion. The company aims to increase its exposure to favourable... 


Calgro M3 CEO Wikus Lategan
Calgro M3 in good position to realise growth when interest rates turn
16th October 2023 By: Schalk Burger

JSE-listed residential property development and investment company Calgro M3 grew its revenue by 13.5% to R688.9-million, increased cash by 11.2% to R191.9-million, maintained net debt to equity at... 


R575m Goodwood social housing project gears up for its first tenants
13th October 2023 By: Irma Venter

Tenanting is set to begin in November on the 330-unit first phase of the Goodwood social housing megaproject, which will, once completed, provide affordable rental opportunities for more than 1 000... 


An image of Equites Witfontein development
Equites on track to meet full-year DPS guidance, progressing portfolio optimisation
10th October 2023 By: Tasneem Bulbulia

Specialist logistics real estate investment trust Equites Property Fund achieved distributions a share of 65.37c for the half year to August 31, in line with market guidance, and is on track to... 


newly constructed Hazeldean boulevard
Balwin opens newly built dual carriageway in Pretoria
9th October 2023 By: Darren Parker

JSE-listed Balwin Properties inaugurated a newly built dual carriageway on October 6. It is hoped that the new carriageway will alleviate traffic congestion in the Hazeldean area in Pretoria East.... 


RMB facilitates real estate company Lango’s first sustainability-linked loan
29th September 2023 By: Marleny Arnoldi

Real estate firm Lango has appointed Rand Merchant Bank (RMB) to act as sole sustainability adviser and coordinator for its first $325-million sustainability-linked financing package, which is... 


WBHO makes strong return, warns of potential contractor shortage for IPP jobs
29th September 2023 By: Irma Venter

Wilson Bayly Holmes-Ovcon (WBHO) is back, “and we are back on a very strong footing”, says CEO Wolfgang Neff. “We had an exceptional year in a difficult period.” 


The Mall of Africa
Attacq exceeds distributable income guidance
28th September 2023 By: Creamer Media Reporter

Real estate investment trust (Reit) Attacq, which is celebrating its tenth year as a JSE-listed company, exceeded its distributable income per share (DIPS) guidance of between 8% and 10% for the... 


Vodacom image
Vodacom to complete Midrand campus solar PV installation by year-end
28th September 2023

African connectivity, digital and financial services company, Vodacom is on track to finalise the transformation of its Midrand campus, in Gauteng, into a 10.5 gigawatt-hours-a-year grid-based... 


Hyprop achieves strong full year operational performance
21st September 2023 By: Tasneem Bulbulia

JSE-listed real estate investment trust Hyprop reported a 24% increase in distributable income to R1.451-billion for the full year ended June 30, as the four Eastern European centres were... 


Growthpoint showcases safe, high quality student accommodation developments
Growthpoint showcases safe, high quality student accommodation developments
21st September 2023

Student accommodation real estate investment trust Growthpoint Student Accommodation recently took media on a tour of some of their student residences. Schalk Burger was on site. 


Image of the Goodwood social housing development in Cape Town
R575m Goodwood social housing project gearing up for its first tenants
20th September 2023 By: Irma Venter

Tenanting is set to begin in November on the 330-unit first phase of the Goodwood social housing megaproject, which will, once completed, provide affordable rental opportunities to more than 1 000... 


Attacq is developing Waterfall City, located in Johannesburg, Gauteng
Attacq, GEPF conclude landmark equity transaction
18th September 2023 By: Cameron Mackay

JSE-listed real estate investment trust Attacq, which is developing Waterfall City, in Gauteng, has concluded its landmark R2.7-billion transaction with the Government Employees Pension Fund... 


Growthpoint South Africa CEO Estienne de Klerk
Growthpoint wheels first renewable electricity through Cape Town pilot project
15th September 2023 By: Marleny Arnoldi

JSE-listed real estate investment trust Growthpoint Properties South Africa has become the first party in South Africa to wheel renewable electricity through Cape Town’s energy grid, in... 


Emira crosses halfway mark in sale of 282 apartments in office-to-residence development
14th September 2023 By: Schalk Burger

JSE-listed real estate investment trust Emira Property Fund has crossed the halfway mark in selling the 282 apartments in its office-to-residences conversion of The Bolton, in Rosebank, as it... 


Business making renewable energy strides, despite challenges
13th September 2023 By: Tasneem Bulbulia

There are many strides being made by businesses and property owners in the country to provide some relief to consumers and tenants from persistent loadshedding. This is despite several challenges... 


Image of the River Club development in Cape Town
WBHO makes strong return, warns of potential contractor shortage for IPP jobs
13th September 2023 By: Irma Venter

Wilson Bayly Holmes-Ovcon (WBHO) is back, “and we are back on a very strong footing”, says CEO Wolfgang Neff. “We had an exceptional year in a difficult period.” 


Anglo donates CBD building to Maharishi Invincibility Institute
Anglo donates CBD building to Maharishi Invincibility Institute
13th September 2023

Diversified miner Anglo American in August announced the handover of its 45 Main Street building, in the Johannesburg central business district (CBD), to nonprofit private education institution the... 


Growthpoint notes V&A Waterfront rebound, improving fundamentals for industrial, retail sectors
13th September 2023 By: Cameron Mackay

International property company Growthpoint Properties has reported a 1.3% year-on-year increase in distributable income per share to 157.6c for the financial year ended June 30. Revenue increased... 


Equites CEO Andrea Taverna-Turisan
Equites raises R750m in debt auction
6th September 2023 By: Creamer Media Reporter

Real estate investment trust Equites Property Fund has raised R750-million in the South African debt capital market in a public auction of senior unsecured floating rate notes maturing in June 2026... 


Rebosis to sell ten office properties for R650m
5th September 2023 By: Tasneem Bulbulia

JSE-listed Rebosis, which is in business rescue, has entered into a portfolio sale agreement between Phahlani Lincoln Mkhomo and Jacques du Toit in their capacity as the duly appointed joint... 


An artist's impression of the GTX Park development
Spear to develop R400m industrial GTX Park in George
4th September 2023 By: Schalk Burger

AltX-listed real estate investment trust Spear will start with Phase 1 bulk infrastructure construction for its new R400-million industrial development GTX Park, in George, in early October. The... 


Focus on logistics, consumer retail portfolio sees Fortress reach R30bn in assets
1st September 2023 By: Schalk Burger

JSE-listed real estate investment company Fortress has increased its portfolio of direct real estate assets to R30-billion and achieved the lowest vacancy rate of 3.7% since its listing in October... 


Artist's impression of the Longkloof hotel
Growthpoint moving ahead with Canopy in Longkloof
1st September 2023 By: Darren Parker

JSE-listed Growthpoint Properties is moving ahead with the development of the Canopy by Hilton Cape Town Longkloof hotel, which marks the concluding enhancement to the historic Longkloof precinct.... 


A rendering of The Fynbos development once completed
R1.2bn Fynbos development set to be Africa’s first biophilic building
31st August 2023 By: Irma Venter

Construction on The Fynbos development is set for completion at the end of next year, with the first apartments ready for occupation in early 2025. The R1.2-billion building is located in Bree... 


An image of Redefine CFO Ntobeko Nyawo
Redefine raises R1bn in third green bond
29th August 2023 By: Tasneem Bulbulia

Real estate investment trust (Reit) Redefine Properties has issued another green bond as it leverages off its sustainability journey. Redefine will use the money raised to refinance eligible green... 


Vukile CEO Laurence Rapp
Vukile concludes oversubscribed R526m bond issue
28th August 2023 By: Marleny Arnoldi

JSE-listed real estate investment trust Vukile Property Fund has issued R526-million of senior unsecured corporate bonds, with keen investor interest having been yielded. The initial target... 


Accelerate to sell Eden Meander centre in George to Sasol Pension Fund
23rd August 2023 By: Cameron Mackay

Diversified JSE-listed real estate investment trust Accelerate Property Fund has accepted an offer from the Sasol Pension Fund to acquire the Eden Meander Shopping Centre, with a gross lettable... 


Local steel industry in prime ‘springboard’ position
18th August 2023 By: Sabrina Jardim

Despite contributing only a small percentage to global steel production, the South African steel sector supplies critical components to the global economy, says industry body Southern African... 


An artist's impression of Solar MD's new Richmond Park property
Atterbury breaks ground on Solar MD new Richmond Park headquarters
16th August 2023 By: Schalk Burger

Property investor and developer Atterbury has broken ground for the new home of sustainable technology company Solar MD at Richmond Park, in Cape Town. Once completed, Solar MD’s new home will be... 


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