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Arrowhead appoints interim CFO, declares lower interim dividend

By: Marleny Arnoldi     29th May 2019 JSE-listed real estate investment trust (Reit) Arrowhead Properties on Wednesday announced the resignation of its CFO Imraam Suleman, following an instance of unauthorised use of company resources. The company has appointed Arend de Kock as interim CFO in Suleman’s place. 

Canopy by Hilton brand to make its African debut in Cape Town

By: Tasneem Bulbulia     27th May 2019 NYSE-listed hospitality company Hilton has signed a management agreement with South African real estate investment trust Growthpoint Properties to open a hotel under its Canopy by Hilton brand. The 150 guestroom Canopy by Hilton Cape Town Longkloof is expected to begin welcoming guests in 2021... 

Gemgrow focuses on noncore asset disposals ahead of proposed Arrowhead merger

By: Nadine James     15th May 2019 JSE-listed real estate investment trust (Reit) Gemgrow Properties COO Alon Kirkel believes the company’s focus on recycling noncore assets and managing its yield profile has created a more attractive asset for the proposed merger with its parent company Arrowhead Properties. He told Engineering... 

Difficult trading environment, writedowns cuts Rebosis’ interim distributions

By: Simone Liedtke     14th May 2019 JSE-listed real estate investment trust (Reit) Rebosis Property’s distributable income decreased by 61% year-on-year to R195-million for the six months ended February 28. Of this, R96-million was as a direct result of the Reit’s exposure to New Frontier Properties, it said on Tuesday. 

Vukile buys three shopping centres from Rebosis for R1.8bn

By: Marleny Arnoldi     13th May 2019 JSE-listed Rebosis Property will sell three properties to JSE-listed Vukile Property Fund for R1.8-billion. The properties are Mdantsane City shopping centre, Sunnypark shopping centre and Bloedstreet Mall.  

L2D to ban plastic shopping bags in its malls by January 2020

By: Marleny Arnoldi     10th May 2019 JSE-listed real estate investment trust (Reit) Liberty Two Degrees will implement a “no plastic shopping bags” policy at its portfolio of malls from January 2020. The Reit said in a statement on Friday that the future of retail was defined by a continued adoption of standards that meet... 

Indluplace warns of lower dividends as difficult conditions persist

By: Simone Liedtke     9th May 2019 JSE-listed real estate investment trust Indluplace has warned of a 20% decrease in its dividend for the financial year ended September 2019, as difficult trading conditions previously flagged have turned out to be “considerably worse”. The residential-focused property fund on Thursday declared a... 

Redefine maintains sustained growth, value creation despite difficult local climate  

By: Tasneem Bulbulia     6th May 2019 JSE-listed Redefine Properties, which increased its distribution for the six months ended February 28 by 4% to 49.2c, maintained a strong platform for sustained growth and value creation despite ongoing economic and political uncertainty. The South Africa-based real estate investment trust holds... 

Ekurhuleni Aerotropolis core to Albertina Sisulu Corridor development plans  

By: Nadine James     3rd May 2019 The Albertina Sisulu Corridor – which links the Johannesburg central business district, OR Tambo International Airport and Pretoria – is benefitting from the establishment of public-private partnerships and infrastrucutre investments, designed to facilitate the implementation of the 30-year... 

Ekurhuleni Aerotropolis core to Albertina Sisulu Corridor development plans

By: Nadine James     3rd May 2019 The Albertina Sisulu Corridor – which links the Johannesburg central business district, OR Tambo International Airport and Pretoria – is benefitting from the establishment of public-private partnerships (PPPs) and infrastrucutre investments, designed to facilitate the implementation of the... 

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