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Property News

Human settlements dept capacitates entities to accelerate housing delivery

By: Schalk Burger     26th November 2021 Given the delays and challenges to provide decent housing and develop sustainable human settlements in South Africa, the Human Settlements Minister Mmamoloko Kubayi on November 26 detailed the work her department has done to capacitate its entities to accelerate the delivery of housing and human... 

Accelerate still feeling Covid-19 restriction pinch

By: Simone Liedtke     24th November 2021 Despite increased economic activity following the easing of hard and adjusted lockdown restrictions, adjusted Level 4 restrictions still impacted on restaurant sales, entertainment and liquor trade during the six months to September 30, JSE-listed Accelerate Property Fund said on November 24.... 

South African Reits provide R3.5bn Covid-19 relief

By: Schalk Burger     19th November 2021 Real estate investment trusts (Reits) provided R3-billion in relief support to tenants between April and December 2020, with 69% of this provided between April and August 2020, industry body the South African Reit Association (SA Reit) says. Reits issued a further R500-million in support between... 

FNB, Balwin Properties conclude R450m funding deal for residential development

By: Simone Liedtke     18th November 2021 FNB and Balwin Properties have concluded a funding deal that will make R450-million available for the residential development of Balwin’s Thaba-Eco Village, which is under construction in Johannesburg South. The funding will be used for the first 480 apartments, as well as infrastructure for the... 

Investec Property Fund says South African business stabilised in interim period

By: Schalk Burger     17th November 2021 JSE-listed real estate investment trust (Reit) Investec Property Fund (IPF) has stabilised its South African business, while its European business delivered a solid performance during the six months to September 30. Joint CEO Andrew Wooler reported on November 17 that the company's balance sheet... 

Indluplace performs well in a difficult year

By: Tasneem Bulbulia     17th November 2021 JSE-listed Indluplace has declared a gross dividend of 28.13c apiece for the financial year ended September 30. The company notes that the impact of the Covid-19 pandemic on the economy, its tenants and the company has been severe and continued well into the year. 

EAPASA, CBE sign MoU to bolster collaboration, good working relations

By: Donna Slater     15th November 2021 The Environmental Assessment Practitioners Association of South Africa (EAPASA) and the Council for the Built Environment (CBE) have signed a memorandum of understanding (MoU), committing to work together on issues of transformation, skills development, research and promoting and protecting... 

Growthpoint’s Western Cape industrial park fully let

By: Simone Liedtke     15th November 2021 Growthpoint Properties’ 40 000 m2 Millroad Industrial Park, in Cape Town, has been fully let. The new Millroad Industrial Park is fully occupied with a mix of tenants from larger logistics to smaller users and a line-up including Laser Logistics, DSV, Greenspan, Inuka and Continental Power. 

Aerial view of Growthpoint's Millroad Industrial park in Bellville, Cape Town
Aerial view of Growthpoint's Millroad Industrial park in Bellville, Cape Town

Rural development can be sustainable

By: Schalk Burger     12th November 2021 Developing sustainable rural hamlets and villages will not only help to counteract urbanisation, but also enable livelihoods to be created in rural areas where 40% of South Africans live, rural development company Crossways Farm Village co-developer Dr Chris Mulder said this week. Towns and... 

Commercial property to remain depressed, industrial vacancy rates still low

By: Schalk Burger     12th November 2021 The growth in residential house prices has started to moderate and, despite low interest rates, buyers remain cautious and sellers may need to rein in their price expectations. Further, the oversupply of commercial office space and residential flats is expected to remain until general economic... 

Emira steps up biodiversity preservation

By: Tasneem Bulbulia     10th November 2021 JSE-listed Emira Property Fund says it has made meaningful progress on its biodiversity policy in consultation with the Biodiversity Disclosure Project (BDP) and the Endangered Wildlife Trust (EWT). “Emira is proud to have initiated its biodiversity plan and aims to enhance it even further as we... 

An image showing indigenous landscaping at Knightsbridge office park - an Emira property
Indigenous landscaping

Delta appoints Siyabonga Mbanjwa CEO

By: Tasneem Bulbulia     10th November 2021 JSE-listed Delta Property Fund has appointed Siyabonga Mbanjwa as CEO with effect from February 1, 2022. Mbanjwa is a seasoned executive with more than 24 years of experience in the construction and property sector. 

An image of Delta Property Fund CEO Siyabonga Mbanjwa
Siyabonga Mbanjwa

Redefine submits proposal to acquire all of EPP in share swap

By: Donna Slater     8th November 2021 JSE-listed real estate investment trust Redefine Properties has submitted a nonbinding proposal to Poland-based real estate investment company EPP, which, if approved, will result in EPP becoming an unlisted subsidiary of Redefine. Redefine currently holds 45.4% of EPP, with a R6.5-billion... 

Redefine boosts cash generation, declares dividend

By: Donna Slater     8th November 2021 With a focus on derisking its balance sheet and bolstering liquidity, JSE-listed real estate investment trust Redefine Properties has increased its cash and committed access facilities from R2.8-billion in the 2020 financial year, to R5.8-billion for the financial year ended August 31. As such,... 

Redefine Properties appoints new company secretary

By: Donna Slater     3rd November 2021 JSE-listed diversified real estate investment trust Redefine Properties has appointed Anda Matwa as company secretary, effective December 1. She joins Redefine from industry peer Attacq where she was the company secretary.  

An image of Redefine Properties company secretary Anda Matwa
Redefine Properties company secretary Anda Matwa

Growthpoint, Rubicon stress the environmental advantages of renewables in green buildings

By: Simone Liedtke     29th October 2021 US automotive manufacturer Tesla’s South African partner Rubicon Group and JSE-listed Growthpoint Properties have joined forces to highlight the environmental advantages of making use of renewable energy to provide some of the power requirements of buildings, such as Growthpoint’s 144 Oxford, in... 

Pic of Rubicon's Tesla Model X
Tesla Model X

More than 30 developments in the pipeline in Cape Town CBD

By: Irma Venter     29th October 2021 The economy of the Cape Town central business district (CBD) remained stable in 2020, despite Covid-19, with the official nominal value of all property set at R43.8-billion by the City of Cape Town, and with 31 new developments worth more than R6.9-billion in the pipeline. This is the key finding... 

Company prepared to meet increased localisation demand

By: Cameron Mackay     29th October 2021 Demand for logistics storage space remains high, as the e-commerce consumer base continues to grow year-on-year, amid the challenges caused by Covid-19, says design business Paragon Architects director Estelle Meiring. She stresses that the pandemic has exposed the vulnerability of extended and... 

Image of Mattress and Couch's facility in Centurion
SUPPORTING LOCAL BUSINESSES Paragon is the architect for a new warehousing, storage and manufacture facility for Mattress and Couch at the Old Mint Industrial Park in Centurion, Gauteng

Storage flexibility shown during turbulent time

By: Cameron Mackay     29th October 2021 Logistics company Unitrans has shown flexibility in meeting the warehousing and storage needs of customers – particularly amid the effects of Covid-19, and the looting in KwaZulu-Natal and Gauteng in July, on the local market – says Unitrans specialised warehousing and freight GM Ryan Brooke.... 

Image of a Unitrans warehouse
VERSATILE STORAGE The company runs two types of warehousing ¬– specialised warehouses that are customer specific and its own non-exclusive warehouses

Courtyard Hotel reinvents itself for competitive edge following pandemic

By: Tasneem Bulbulia     28th October 2021 City Lodge Hotel Group’s (CLHG’s) new Courtyard Hotel Waterfall City, in Midrand, which opened on March 1, offers a full dining experience, a move away from a breakfast-only offering. This represents the vision for the group moving forward. 

An image showing some of the interior design at the Courtyard Hotel Waterfall City, in Midrand
Photo by Creamer Media's Tasneem Bulbulia
Courtyard Hotel interior design

Otis Tshabalala to succeed Ngebulana as Rebosis CEO

By: Schalk Burger     25th October 2021 JSE-listed real estate investment trust (Reit) Rebosis Property Fund has announced that CEO and founder Dr Sisa Ngebulana will step down and retire with effect from December 1 when Otis Tshabalala's term as CEO will start. Ngebulana positioned the business as a retail-focused fund valued at... 

Rebosis plans to sell commercial office portfolio for R6.3bn

By: Simone Liedtke     22nd October 2021 JSE-listed Rebosis Property Fund has entered into a sales agreement with Ulricraft, which could result in the company disposing of its commercial office portfolio for R6.3-billion. Ulricraft is a special purpose behicle (SPV) wholly owned by Vunani Capital Partners (VCP), a company listed on... 

Balwin records robust half-year performance

By: Tasneem Bulbulia     20th October 2021 JSE-listed Balwin Properties says it recorded robust financial results for the six months ended August 31, with revenue of R1.3-billion, a 41% increase on the revenue of R929.6-million reported for the prior comparable period, which had been impacted on by Covid-19-related measures. Operating... 

Calgro M3 ahead of years-long net debt reduction targets

By: Marleny Arnoldi     18th October 2021 Property developer and investor Calgro M3 says it has come a long way since its portfolio streamlining and transformation efforts started in 2016, particularly as the company is also coming out of what had been heavy Covid-19 impacts. The group posted a 262% increase in headline earnings a... 

An integrated social housing development by Calgro M3

Dipula agrees transaction with Resilient to optimise capital structure

By: Tasneem Bulbulia     15th October 2021 South-African focused diversified real estate investment trust (Reit) Dipula Income Fund has concluded formal agreements with Resilient Reit, which is intended to help Dipula optimise its capital structure and unlock shareholder value. In terms of the transaction, Dipula will acquire 50% of the... 

More than 30 developments in the pipeline in Cape Town CBD – report

By: Irma Venter     14th October 2021 The economy of the Cape Town central business district (CBD) remained stable in 2020, despite Covid-19, with the official nominal value of all property set at R43.8-billion by the City of Cape Town, and with 31 new developments worth more than R6.9-billion in the pipeline. This is the key finding... 

Image of the Cape Town city centre

House price growth continued to slow in September – FNB

By: Schalk Burger     11th October 2021 The slowing trend in house price growth continued in September, with financial services company FNB's House Price Index decelerating to 3%, from 3.6% in August. This means house price growth averaged 3.5% in the third quarter of this year, down from a peak of 4.8% in the second quarter. 

Equites’ logistics portfolio delivers exceptional growth

By: Simone Liedtke     5th October 2021 JSE-listed property developer Equites Property Fund remains on track to deliver on its dividends per share (DPS) guidance of between 5% and 6% growth for the 2022 financial year. For the same period, Equites is also targeting a positive net asset value per share (NAVPS), which will be supported... 

Research shows where, how housing developments are built impact on residents' carbon footprints

By: Creamer Media Reporter      30th September 2021 A new quantitative study on the impact of the location of housing development in Johannesburg on carbon emissions - by the research partnership of Divercity Urban Property Fund and the Green Building Council South Africa (GBCSA) - shows that where and how housing is built in the city has a... 

Physical retail outlets, online channels needed to serve evolving retail client needs, says Redefine

By: Schalk Burger     30th September 2021 Although transactions are increasingly moving online, physical outlets remain crucial to effectively serve retail customers, real estate investment trust Redefine Properties national retail asset manager Nashil Chotoki said this week. He told investors during a briefing on September 29 that, to... 

Western Cape turns the sod at three integrated human settlement developments

By: Yvonne Silaule     20th September 2021 Western Cape Human Settlements Minister Tertuis Simmers last week presided over three sod turnings as part of the development that forms part of the Integrated Residential Development Programme (IRDP). The Blompark housing development, in Gansbaai, which has a budget allocation of just over... 

GBCSA congratulates Redefine on 40 Green Star certifications

By: Tasneem Bulbulia     17th September 2021 JSE-listed South African real estate investment trust (Reit) Redefine Properties recently certified and recertified 40 buildings in its property portfolio, under member-based organisation the Green Building Council South Africa’s (GBCSA’s) Green Star Existing Building Performance (EBP) rating... 

Competition Tribunal approves Growthpoint, Feenstra Group merger

By: Simone Liedtke     17th September 2021 The Competition Tribunal has unconditionally approved the large merger whereby Growthpoint Properties will acquire Joburg Stay from Feenstra Group.   This transaction involves an internal reorganisation of the Feenstra Group. As such, the target firms are Joburg Stay, seven Gauteng student... 

Growthpoint achieves revenue growth but lower distributable income

By: Simone Liedtke     15th September 2021 JSE-listed Growthpoint Properties’ distributable income, on a per share basis, declined by 19.1% to 148.1c for the financial year ended June 30, mainly as a result of 408-million new shares having been issued in an oversubscribed equity raise of R4.3-billion in November last year. During the same... 

EPP swings to profit in H1

By: Marleny Arnoldi     15th September 2021 JSE-listed real estate investment trust (Reit) EPP has managed to grow its distributable earnings a share for the six months ended June 30 by 54% year-on-year to €0.0366. During the six months, it also added four retail parks to its portfolio.  

EPP CEO Tomasz Trzósło
EPP CEO Tomasz Trzósło

Hyprop advances its strategy

By: Tasneem Bulbulia     15th September 2021 JSE-listed real estate investment trust Hyprop Investments says it has made good progress in executing its strategy for the year ended June 30. It has moved ahead on all its priorities, including strengthening the balance sheet, advancing the implementation of its non-tangible strategy with the... 

Attacq withholds dividend for the sake of Waterfall City development

By: Marleny Arnoldi     14th September 2021 JSE-listed real estate investment trust (Reit) Attacq has reported strong distributable income growth from its South African operations for the financial year ended June 30 However, group distributable income decreased by 35.9% year-on-year to 46.8c a share.  

Attacq withholds dividend for the sake of Waterfall City development
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