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Tuesday, 21 February 2017 12:11

Stor-Age close R500 million acquisition

JSE self storage REIT, Stor-Age, today announced that it had raised R400 million in a significantly oversubscribed book build to fund its milestone acquisition of Storage RSA (“RSA”), one of the country’s largest private self storage operators. 

Following the uncertainty prior to the elections, the second half of the year should be much more positive for the property sector, according to Norman Raad, CEO of Broll Auctions and Sales.

To meet the demands of the growing number of companies looking to improve the utilisation of their office space, listed real estate investment trust Redefine Properties (JSE: RDF) has partnered with global flexible workspace company Regus to grow its footprint in this exciting market segment.

JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) has announced its intention to acquire the entire issued share capital of The Pivotal Fund (JSE: PIV).

Emira Property Fund Limited today reported distribution growth of 8.8 % per share for its full-year ended 30 June 2016, meeting its market guidance with a strong set of results for Emira investors.

Emira Property Fund today announced it has signed an agreement with WSP|Parsons Brinckerhoff for approximately 5,800m² of premium quality sustainable head office space at its leading-edge Knightsbridge office park development in Bryanston.

Emira Property Fund is undertaking a major R795 million redevelopment of its Knightsbridge Manor office park in Bryanston, Johannesburg, into a P-grade and leading-edge Green Star SA rated office complex.

Riverside Shopping Centre in Bryanston is now offering customers even more, with great new retailers and restaurants joining the recently revamped shopping centre, including a much larger Woolworths, which has expanded from 420m2 to 1,650m2 and now offers a deli, bakery, fishmonger, coffee cart and more.

Cube Workspace opens fourth property in two years to meet increasing demand for more value and flexibility in a young, fun work environment, off the back of a buoyant office supply market.

Johannesburg’s affluent suburb of Bryanston is experiencing an upsurge in the number of businesses moving to the area, resulting in an increase in office developments currently under construction.

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