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Property

Attacq appoints leaders to bolster broader corporate strategy
26th May 2022 By: Donna Slater

JSE-listed real estate investment trust Attacq has appointed David Oosthuizen development executive and Lourens Du Toit sustainability, infrastructure and land head – both as a result of internal... 


Despite some challenges, most property market segments remain buoyant
26th May 2022 By: Schalk Burger

The different segments of the property market were experiencing different pressures, but all remained generally bouyant, with interest rates supportive of demand for property, said industry... 


An image of Green Building Council South Africa's new Cape Town offices
Green Building Council relocates to new building in Cape Town
25th May 2022 By: Donna Slater

The Green Building Council South Africa (GBCSA) will be moving to a new 330 m3 green office at Growthpoint Properties’ River Park facility, in Mowbray, in Cape Town, on June 1 under a three-year... 


Corobrik launces new R800m Kwastina brick factory
Corobrik launches new R800m Kwastina brick factory
25th May 2022

President Cyril Ramaphosa and Corobrik CEO Nick Booth officially unveiled the company’s new R800-million Kwastina brick factory, in Gauteng, earlier this month. Tasneem Bulbulia attended the launch.  


Nedbank arranges R500m sustainability-linked loan for Old Mutual Property
23rd May 2022 By: Schalk Burger

Financial services firm Nedbank Corporate and Investment Banking (CIB) has coordinated, arranged and structured a R500-million sustainability-linked credit facility for Old Mutual Property to... 


Growthpoint's Draper on Main property, in Cape Town
Index shows ‘green’ buildings perform better than non-certified ones on every metric
19th May 2022 By: Marleny Arnoldi

Certified green buildings continue to outperform non-certified assets in the commercial property sector, the MSCI South Africa Green Annual Property Index shows. Particularly, certified green,... 


Emira sells Enyuka shareholding to One Property for R637m
18th May 2022 By: Schalk Burger

JSE-listed real estate investment trust Emira Property Fund will sell its entire 49.9% stake in rural and lower-living standards measure retail property Enyuka Property, which is a joint venture... 


Indluplace posts lower interim revenue, profit, despite improved letting activity
18th May 2022 By: Darren Parker

JSE-listed real estate investment trust (Reit) Indluplace has reported a 4% year-on-year decrease in revenue and a 7% year-on-year decrease in operating profit for the six months ended March 31.... 


Investec Property Fund declares 11% higher dividend for FY22
18th May 2022 By: Marleny Arnoldi

Property firm Investec Property Fund (IPF) has posted a 10.8% increase in distributable income per share (DIPS) of 107.6c for the financial year ended March 31, compared with DIPS of 97.08c in the... 


Emira grows US investment
16th May 2022 By: Tasneem Bulbulia

JSE-listed Emira Property Fund has acquired its twelfth grocery-anchored open-air shopping centre in the US. Always investing together with its in-country US investment partners, the Rainier Group... 


Redefine reinstates interim dividend at 23.69c
16th May 2022 By: Marleny Arnoldi

JSE-listed real estate investment trust (Reit) Redefine Properties has posted 5.9% higher distributable income at R1.5-billion for the six months ended February 28. Distributable income a share... 


Balwin declares dividend on the back of record revenue, lifts profit by 15%
16th May 2022 By: Donna Slater

JSE-listed property developer Balwin Properties increased its profit for the financial year ended February 28 by 15% year-on-year, resulting in a profit margin of 27%, while revenue increased by... 


Sustainability, affordable housing demand underpin Calgro M3’s strong full-year performance
16th May 2022 By: Schalk Burger

JSE-listed property development company Calgro M3 CEO Wikus Lategan attributes a 50.3% increase in group revenue to R1.32-billion for the financial year ended February 28, to demand for and sales... 


Octodec records solid performance in tough climate on the back of digitalisation initiatives
10th May 2022 By: Tasneem Bulbulia

JSE-listed real estate investment trust Octodec Investments recorded a solid performance for the six months ended February 28, against a backdrop of subdued market recovery. Speaking to Engineering... 


Dipula posts good interim results under ‘extremely challenging conditions’
5th May 2022 By: Schalk Burger

JSE-listed diversified real estate investment trust Dipula Income Fund increased its distributable earnings by 0.1% to R275.7-million for the six months ended February 28. It maintained a 100%... 


Equites CEO Andrea Taverna-Turisan
Warehouse demand growth boosts Equites’ full-year results
4th May 2022 By: Darren Parker

Intensifying demand for modern and future-proof warehousing solutions contributed to a strong financial year for real estate investment trust (Reit) Equites Property Fund. “Logistics properties... 


Fairvest to list on A2X
4th May 2022 By: Tasneem Bulbulia

Property company Fairvest has been approved for a secondary listing on A2X Markets and will be available to trade on the exchange from May 11. This follows the merger of Arrowhead Properties and... 


SA Corporate Real Estate to list on A2X
25th April 2022 By: Schalk Burger

JSE-listed real estate investment trust SA Corporate Real Estate has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from May 3. The company... 


Industrials acquires four multi-let UK estates for £21-million
21st April 2022 By: Schalk Burger

JSE-listed real estate investment trust (Reit) Industrials REIT has acquired four multi-let industrial estates in Boston, Barnsley, Leeds and Stockton on Tees, in the UK, for £20.86-million. The... 


Maluti Crescent in Phuthaditjhaba
Nedbank extends R200m green loan for Vukile solar projects
19th April 2022 By: Schalk Burger

JSE-listed real estate investment trust Vukile Property Fund has concluded a five-year, R200-million use-of-proceeds green loan with financial services firm Nedbank Corporate and Investment... 


RIB sponsors free-to-use tool to help make buildings more sustainable
19th April 2022 By: Schalk Burger

Architecture, engineering and construction (AEC) technology multinational RIB has partnered with nonprofit organisation Building Transparency, which developed and provides a free and open-access... 


Fairvest confirms its assets in KZN remain undamaged so far
13th April 2022 By: Marleny Arnoldi

JSE-listed property company Fairvest has assured shareholders that no damage of a structural nature has occurred to its properties in KwaZulu-Natal as yet, amid the flash flooding being experienced... 


Grit reinforces plans to own majority stake in Gateway by acquiring controlling stake in APDM
11th April 2022 By: Darren Parker

LSE-listed real estate company Grit Real Estate Income Group has acquired a 77.95% controlling stake in Africa Property Development Managers (APDM), the asset manager of property development... 


Growthpoint formalises name for its funds management business
11th April 2022 By: Schalk Burger

JSE-listed real estate investment trust (Reit) Growthpoint Properties has announced that its funds management business will be called Growthpoint Investment Partners to reflect its strategy to... 


IWG, Attacq collaborate on flexible working
8th April 2022 By: Tasneem Bulbulia

Hybrid work solutions provider IWG and real estate investment trust (Reit) Attacq have partnered to expand their service offerings in the property industry, responding to the varying office needs... 


Image of affordable housing development in Cape Town
Fast-growing Cape Town to launch Land Release Programme to assist affordable housing projects
5th April 2022 By: Irma Venter

The City of Cape Town will launch its Land Release Programme for More Affordable Housing at its first Affordable Housing Indaba set to take place later this week.  The city says the programme has... 


Afrimat Construction Index muted by slow infrastructure roll-out
1st April 2022 By: Irma Venter

The Afrimat Construction Index (ACI) has staged a swift recovery from the Covid-19-induced slump that occurred during the second quarter of 2020, increasing by 74% within only two quarters.   Since... 


Beckman Coulter's new premises in the Centralpoint Innovation District in Samrand, Johannesburg
Beckman Coulter moves premises to Growthpoint’s Centralpoint
28th March 2022 By: Darren Parker

JSE-listed Growthpoint Properties has assisted long-standing tenant biomedical products manufacturer Beckman Coulter to relocate from Growthpoint Business Park in Midrand, Johannesburg, to a new... 


Human settlements dept implements policy changes
25th March 2022 By: Tasneem Bulbulia

The Department of Human Settlements will, from April 1, implement a number of policy amendments, Human Settlements Minister Mmamoloko Kubayi outlined at a briefing on March 25. This follows the... 


Engineering News and Mining Weekly cover image
Office-to-housing conversions hold some potential, but conditions apply
25th March 2022 By: Tasneem Bulbulia

As South Africa looks to recover from the impacts of Covid-19, the viability of the trend of converting office buildings into residential properties is under scrutiny, with local and international... 


Industrial sector demand for space increasing, tenants want more value, says Redefine
24th March 2022 By: Schalk Burger

While supply bottlenecks caused by Covid-19 lockdowns are easing and opening the door for commercial sector property growth, the market for industrial properties looks very different, raising the... 


Balwin expects modest increase in earnings a share for FY2022
23rd March 2022 By: Marleny Arnoldi

JSE-listed Balwin Properties has advised that its consolidated earnings a share for the year ended February 28, will increase by between 4% and 9% year-on-year to between 74.5c and 78.1c.... 


A photo of Waterfall City at night
Attacq reports significant debt reduction, increase in profit for the interim period
22nd March 2022 By: Darren Parker

JSE-listed real estate investment trust (Reit) Attacq reported a 34.1% increase in distributable income a share to 28.2c for the six months to December 31, 2021. Distributable income excluded the... 


Challenging six months ahead as WBHO exits Australia – Neff
18th March 2022 By: Irma Venter

It will be a challenging six months ahead as Wilson Bayly Holmes-Ovcon (WBHO) “navigates the consequences” of exiting the Australian construction market, says CEO Wolfgang Neff. “We’ll be dealing... 


One of Hyprop's retail properties
Hyprop says trading performance back to pre-Covid-19 levels
17th March 2022 By: Darren Parker

Retail-focused real estate investment trust (Reit) Hyprop said on March 17 that trading performance had reverted back to pre-Covid-19 levels, or in some cases even higher. The Reit said the... 


Growthpoint group CEO Norbert Sasse
Growthpoint delivers encouraging results despite tough interim period
16th March 2022 By: Darren Parker

Despite a tough operating period, JSE-listed Growthpoint Properties delivered a 17.6% increase in South African real estate investment trust (Reit) funds from operations and a 5.2% increase in... 


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