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Property Finance at Nedbank Corporate and Investment Banking (CIB) delivered another year of strong performance, making a significant contribution to the annual results of both CIB and Nedbank Group as a whole in 2016.
Durban’s sophisticated suburb of Musgrave has long been a favourite with affluent families and successful entrepreneurs, but recent trends indicate an increasing demand for student accommodation in the area as well.
Ending the year on a high note, the November 2016 auction held by Broll Auctions and Sales proved a great success with a number of noteworthy sales taking place.
JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) has harnessed the benefits of a diversified portfolio and operational efficiencies to deliver a solid performance for the full year to end August 2016.
Run-down buildings in inner cities should be used to help combat the student accommodation shortage around universities in the country.
The latest research from JLL indicates that the demand for new purpose-build student accommodation in Sub-Saharan Africa (SSA) is set to exceed 500,000 beds over the next five years.
Redefine Properties' student housing arm, Respublica, says it is set to grow exponentially when its Australian product comes online in 2019.
Commercial property is no more a ‘Cinderella’ asset class for UHNWI’s as they now account for 25% of global commercial property investment volumes investing $902 billion into the sector since the current cycle commenced in 2009.
Emira Property Fund is strongly positioned for responsible growth, notwithstanding the adverse economic environment in South Africa.
Student residence provider Respublica has plans to provide 20,000 beds by 2020 as it looks to fill the educational housing gap left by the state.