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Property

Growthpoint Properties South Africa CEO Estienne de Klerk
Growthpoint enters 195 GWh/y renewable energy PPA with Etana Energy
30th January 2024 By: Schalk Burger

JSE-listed real estate investment trust Growthpoint Properties has entered into a power purchase agreement (PPA) with electricity trader Etana Energy for 195 GWh/y of renewable energy, which... 


Emira CEO Geoff Jennett
Emira concludes its acquisition of Transcend
29th January 2024 By: Schalk Burger

JSE-listed real estate investment trust (Reit) Emira has finalised the acquisition and subsequent delisting of fellow Reit Transcend. The properties of Transcend's portfolio of 4 000 tenants will... 


TUHF announces expansion strategy for affordable housing in South, Southern Africa
15th January 2024 By: Schalk Burger

Commercial property financing company TUHF has announced an ambitious expansion strategy aimed at addressing the evolving demands for affordable housing across South Africa, as it marks its 20-year... 


Aerial view of the Arterial Industrial Estate
Growthpoint lets first two of six Arterial Industrial Estate units in Phase 1
12th December 2023 By: Schalk Burger

JSE-listed real estate investment trust Growthpoint Properties has let the first two of six units in Phase 1 of its Arterial Industrial Estate development, in Cape Town, to paints and coatings... 


Fairvest CEO Darren Wilder
Fairvest posts income growth, lower vacancies
29th November 2023 By: Marleny Arnoldi

JSE-listed Fairvest has made excellent progress in derisking its balance sheet, reducing vacancies and disposing of noncore assets in the financial year ended September 30. The property company... 


An image of Vukile Property Fund CEO Laurence Rapp
Vukile increases full-year guidance on the back of strong interim performance
29th November 2023 By: Tasneem Bulbulia

JSE-listed Vukile Property Fund achieved a 10% increase in its cash dividend to 52.1c a share and a 5.2% growth in its funds from operations (FFO) to 85c apiece for the six months ended September... 


Attacq CEO Jackie van Niekerk
Attacq on track to deliver 2024 year-end dividend growth guidance
28th November 2023 By: Darren Parker

Real estate investment trust Attacq is on track to deliver its 2024 financial year guidance for dividend a share growth of between 8% and 10%, CEO Jackie van Niekerk told investors at the company’s... 


Delta reports lower interim rental income, but also lower expenses
28th November 2023 By: Marleny Arnoldi

Real estate investment trust (Reit) Delta Property Fund has reported lower rental income of R573-million in the six months ended August 31, largely owing to a decline in contractual rental income... 


Contractors urge dialogue on the back of 88 liquidations
24th 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... 


Artist's rendering of the Airport Business Park development in George
Spear breaks ground on George Airport Business Park light industrial, logistics hub
17th November 2023 By: Schalk Burger

JSE-listed real estate investment trust Spear has broken ground on its R400-million investment into the Airport Business Park, in George, in the Western Cape. The 19.5 ha development will provide a... 


Emira’s interim distributable earnings dip by 18% on one-off events
16th November 2023 By: Marleny Arnoldi

JSE-listed Emira Property Fund has posted an 18% year-on-year decrease in distributable earnings of R310-million for the six months ended September 30, mainly owing to disposals and lower income... 


Dipula Income Fund CEO Izak Peterson
Dipula grows revenue, NAV and portfolio value, but distributable earnings decrease
15th November 2023 By: Schalk Burger

JSE-listed real estate investment trust Dipula Income Fund increased its revenue by 3% year-on-year to R1.4-billion and its net asset value (NAV) by 2.1% year-on-year to R6.1-billion for the... 


Equites successfully raises R500m, to reduce debt, debt costs and LTV
14th November 2023 By: Schalk Burger

JSE-listed real estate investment trust Equites has raised R500-million through the public auction of a five-year listed senior unsecured floating rate note in the South African debt capital... 


Liberty finalises buyout of L2D shares
14th November 2023 By: Schalk Burger

Financial services firm Liberty has finalised the acquisition of real estate investment trust Liberty Two Degrees' (L2D's) minority shares at R5.55 a share and terminated the listing of L2D shares... 


Peikko completes Reserve 5 factory, warehouse columns in Cape Town in one week
10th November 2023 By: Schalk Burger

Precast construction company Peikko South Africa completed the columns for the 5 100 m² Reserve 5 factory and warehouse project, in Cape Town, for Cream Properties in one week. The factory and... 


Balwin CE Steve Brookes
Balwin launches programme to enable owners to trade in their apartments
8th November 2023 By: Schalk Burger

JSE-listed residential property developer Balwin Properties has launched its Balwin Approved trade-in programme, which enables homeowners to trade in their current Balwin apartment for a new Balwin... 


 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... 


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