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Real estate consulting firm, JLL SSA, has released its 2016 Investment Review of the South African property market with analysis reporting a R28.8bn increase in investment (from 18,5bn in 2015), and a similar 52.8% increase in gross lettable area (2 million square metres).
Listed property company Tradehold (JSE:TDH) has completed its acquisition of the Collins Group, with the purchase of the Collins Group’s South African property portfolio, as well as its property development and management business.
Diversified property REIT, Texton Property Fund (“Texton”) today announced robust final results for the year ended 30 June 2016, declaring a total dividend of 103.63 cents per share (2015: 94.77 cps), a 9.4% increase, following the successful implementation of its diversification strategy geographically into the United Kingdom (UK) and across sectors.
Property hybrid Tradehold makes a big play for local property by acquiring the R6.2bn South African portfolio of the Collins Property Group.
Texton Property Fund’s UK strategy gains momentum - delivers solid performance for the 6 months ended 31 December 2015.
South African retail magnate Christo Wiese's offshore investment holding company Tradehold intends to buy a majority stake in Lusaka Stock Exchange listed Real Estate Investments Zambia.
According to Catalyst Fund Managers, the SA Listed Property Index (SAPY) recorded a negative total return (-6.12%) for the month ended 31 December 2015.
Investors might be in a rush to see the back of 2015. Despite a dispirited Alsi, the property sector presents signs of good health.
Tradehold steamed ahead to end October firmly in the black – extending an impressive run for the year, barring a few exceptions when it softened.
Retail magnate Christo Wiese continues to back Texton Property Fund by underwriting a significant portion of a rights issue.