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Property News
Hyprop to acquire five Balkan retail centres in R3.32bn deal with Hystead
By: Donna Slater 28th January 2022 Real estate investment trust Hyprop, through a “liquidity event” of real estate investor Hystead – a company held 60% by Hyprop and 40% by PDI Investment – is set to acquire five dominant retail centres in the Balkan region of Eastern Europe following the dissolving of agreements between Hyprop... →
R2bn student accommodation Reit launched in Gauteng
By: Darren Parker 28th January 2022 JSE-listed property investor Growthpoint Properties has launched an unlisted, purpose-built student accommodation real estate investment trust (Reit) named the Growthpoint Student Reit. The trust, which was launched in December 2021, has acquired a R2-billion seed portfolio and has been approved... →

V&A festive season footfall recovers, but remains below pre-Covid-19
By: Schalk Burger 28th January 2022 Mixed-use commercial property company the Victoria and Alfred (V&A) Waterfront says it experienced increased footfall and trade over the traditional festive December period, mainly owing to easing Covid-19-related restrictions. December footfall numbers reached just over 2.2-million visitors,... →
Vukile’s subsidiary acquires 22% stake in a fellow Spanish Reit
By: Tasneem Bulbulia 27th January 2022 JSE-listed Vukile Property Fund’s 88%-held Madrid-listed subsidiary, Castellana Properties Socimi, has acquired a 21.7% shareholding in its market peer Lar España Real Estate Socimi. The transaction, valued at about €100-million, represents an investment with outstanding synergies, posits Vukile... →
GBCSA appoints new chairperson
By: Darren Parker 26th January 2022 The Green Building Council South Africa (GBCSA) board has appointed property investment firm Liberty Two Degrees (L2D) asset management executive Brian Unsted as its new chairperson. Unsted has 28 years of experience in the South African property industry and is the sustainability champion for... →

Attacq progresses Waterfall developments 
19th January 2022 Real estate investment trust Attacq is continuing to develop Waterfall City, its mixed-used development in Midrand, into a smart, safe and sustainable city. Tasneem Bulbulia expands. →
Investec to offer private bank clients solar-power financing
By: Bloomberg 18th January 2022 Investec plans to offer its private banking clients funding to install solar panels and battery storage systems in homes, bolstering its own green credentials and providing a power solution in a country regularly hit by electricity outages. The offering, which follows a pilot programme for 1 000... →
Fortress REIT acquires third logistics asset in Poland
By: Tasneem Bulbulia 18th January 2022 JSE-listed Fortress REIT has acquired its third logistics asset, MDC2 Park Łódź South, located south of Łódź in central Poland. Driven by the demand to supply high-growth western European economies, the first two signature acquisitions in Poland were made in 2020 to deepen and extend the... →

V&A Waterfront appoints Antoinette Basson as finance executive manager
By: Schalk Burger 18th January 2022 Mixed-use commercial property company the Victoria and Alfred (V&A) Waterfront has appointed Antoinette Basson as finance executive manager, effective January 10. Basson has more than 26 years' experience, 17 of which have been in the financial services industry. →

EPP expects to report higher distributable earnings on the back of portfolio recovery
By: Schalk Burger 13th January 2022 JSE-listed real estate investment trust EPP, which is focused on the Polish property market, has advised shareholders that the company expects to report distributable earnings a share for the year ended December 31, 2021, of at least €0.075 a share. That is higher than the previous guidance of... →
Confidence in property rebounds, raising 2022 hopes - Rawson Property
By: Schalk Burger 12th January 2022 Financial services provider Absa's Homeowner Sentiment Index recorded a recovery in confidence levels in property in the third quarter of 2021. This matches property developer Rawson Property's experience of market activity, and suggests that this year could be a good year for property, says... →
Shopping experience to grow in importance this year, says Emira COO
By: Schalk Burger 12th January 2022 With South Africans almost exclusively shopping in-store, mall owners and retailers that continue to invest in the experiences they offer, as well as the technology to help them achieve this, will be leaders, says JSE-listed real estate investment trust Emira Property Fund COO Ulana van Biljon,... →
Rawson expects buoyant property market to persist in 2022
By: Schalk Burger 10th December 2021 Property price growth has been on a positive trajectory, which is expected to gain momentum in 2022, says real estate company Rawson Property Group MD Tony Clarke. Lenders are expected to remain bullish in 2022, with up to 105% mortgages likely to be available for some time to come, he notes. →
Afrimat Construction Index recovers further in the third quarter
By: Irma Venter 9th December 2021 The Afrimat Construction Index (ACI) staged a swift recovery from the Covid-19 induced slump that occurred during the second quarter of 2020, increasing by 60% in the next quarter. Since then progress has been muted. However, the ACI in the third quarter of this year managed to record a... →

City Lodge reinvents itself for competitive edge 
9th December 2021 City Lodge Hotel Group’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. Tasneem Bulbulia tells us more. →
Afine lists on JSE as petrol service station Reit
By: Donna Slater 8th December 2021 Afine Investments, which holds a portfolio of income generating immovable properties focused on the petroleum sector in South Africa, plans to list as a real estate investment trust (Reit) on the JSE on December 9. The company was founded by Peter Todd, with strategic input from Mike Watters –... →
Hyprop maintains strong liquidity
By: Tasneem Bulbulia 6th December 2021 Property company Hyprop says it has strengthened its balance sheet since the financial year ended June 30, as a result of asset sales and shareholder reinvestments. It currently holds R1.6-billion of cash and R900-million of unused revolving credit facilities. →
Gateway invests in Mauritius healthcare facilities
By: Tasneem Bulbulia 1st December 2021 Mauritius-based African real estate developer Gateway Real Estate Africa (GREA) has announced that it is the lead investor and developer of a new 81-bed, multi-specialty hospital in Curepipe and a 135-bed oncology hospital in Coromandel with a total investment value of about $54-million. The... →

Emira portfolio performs in line with expectations
By: Tasneem Bulbulia 1st December 2021 JSE-listed Emira Property Fund says that its portfolio has performed in line with expectations for the four months ended October 31. While the fourth wave of Covid-19 infections is expected to slow down the recovery of the local economy and deteriorate property metrics further, the diversified... →
Hystead completes disposal of Delta City Mall in Belgrade, Serbia
By: Tasneem Bulbulia 1st December 2021 JSE-listed Hyprop’s 60%-owned Hystead has disposed of its indirect shareholding in the company that owns the Delta City Mall in Belgrade, Serbia. Cash proceeds from the disposal have been received and the net proceeds of the disposal will be used to reduce debt. →
Vukile poised for growth following strong interim performance 
By: Tasneem Bulbulia 30th November 2021 JSE-listed Vukile Property Fund is poised for growth following a strong interim performance for the half year from April 1 to September 30, during which it weathered the impact of the Covid-19 pandemic and the July civil unrest, CEO Laurence Rapp said in a briefing on November 30. The fund has... →
Building confidence index down one point to 34 in the fourth quarter
By: Donna Slater 30th November 2021 After slipping to 35 in the third quarter of this year, the First National Bank (FNB)/Bureau for Economic Research (BER) Building Confidence Index was marginally lower, at 34 in the fourth quarter. Confidence in the core building sector index, excluding the hardware retailers and building... →
Attacq continues with Waterfall precinct development projects
By: Tasneem Bulbulia 30th November 2021 Real estate investment trust Attacq has adapted its strategy to a precinct-focused approach, with about 70% of its portfolio value now coming from Waterfall City Precinct, the company noted during an update briefing on November 29. Work has continued to develop Waterfall City into a smart, safe,... →
EPP proposes delisting; Redefine proposes buyout of EPP shares
By: Creamer Media Reporter 29th November 2021 Poland-focused retail real estate owner EPP's board of directors has decided that, to facilitate a restructuring to bolster its balance sheet and reduce the company's gearing, it would be in the best interests of the company to seek a delisting of its shares from the JSE and the Luxembourg Stock... →
Balwin signs deal to acquire properties needed for long-planned-for Joburg South eco estate
By: Creamer Media Reporter 29th November 2021 Property development company Balwin Properties has entered into an agreement to acquire a number of properties in the south of Johannesburg from Tentacle Properties for up to R330-million. Balwin intends to develop an eco estate with a Crystal Lagoon and a hiking trail on the properties. →
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. →

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... →

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. →

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