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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.
Accelerate Property Fund, the JSE listed Real Estate Investment Trust with significant exposure in the dynamic Fourways node, Johannesburg, today reported robust interim results notwithstanding a challenging macro-economic and political environment.
The developers behind Somerset West’s acclaimed Waterstone Village are celebrating the opening of their anticipated destination centre, a R400-million mixed-use retail and convenience development called The Sanctuary.
Stor-Age Property Reit acquired a smaller competitor as it looks to increase its scale, having grown organically in the past.
The recent development of some of the last remaining land in Cape Town’s Northern suburb of Burgundy Brackenfell has caused a massive boom in the rental market, with prices skyrocketing over the past year.
Anyone who has ever bought or sold a property is aware that a valuation is a prerequisite to the completion of the transaction. Louis van Rooyen, commercial and industrial broker with Rawson Commercial Somerset West says, “Some may view an annual valuation over a commercial property as an unnecessary exercise and expense.
Construction on the second phase of a successful medical facility in Paarl, due for completion in September this year, has commenced and will comprise a state of the art oncology centre and sub- acute facility.
PGP tops previous record price twice in past five months