eProperty News

Landsdowne Property Group, one of South Africa’s largest residential real estate managers with over 35 000 apartments and freestanding clusters under management, is eyeing international expansion opportunities.

Multifamily residential rental property is set to become a mainstay of the South African intuitional investment landscape, driven by the consistent performance of this real estate asset class, its low volatility, and its foreseeable returns.

Alleyroads, a leading black-owned, national-scale affordable housing developer, announced the appointment of well-known investor and businessman, Dr Duarte da Silva, as Independent Non-executive Chairman to the Board of Directors. The appointment is effective from 01 April 2024.

Nairobi Gate Industrial Park, the first Special Economic Zone (SEZ) with a fully consolidated customs-control area in East Africa, has launched a one-of-a-kind manufacturing and warehouse park for the textile and apparel industry in Kenya.

The first quarter of 2024 was characterised by a further consolidation of home loan activity, following a consistent decline that kicked in when the Reserve Bank’s Monetary Policy Committee (MPC) decided to start raising interest rates at the end of 2021.

Emira Property Fund (JSE: EMI) has agreed to sell basically all its wholly owned Cape Town properties in a sizeable R1.1 billion transaction, which will create significant and immediate liquidity for Emira to pursue its strategy.

According to Lightstone, Bryanston was the top selling suburb in the country last year in terms of sales volume and total purchase price achieved, with Sea Point in the Western Cape second and Midstream Estate in Gauteng in third place.

Weighing residential and commercial real estate investments amid South Africa's challenging economic backdrop

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