Friday, 09 November 2018 16:42

SA hard at work to clear path for investment

Opening the inaugural South Africa Investment Conference, President Cyril Ramaphosa has called on potential investors to invest in the country for more bang for their buck.

Atterbury, the leading property development and investment company, has concluded a significant B-BBEE transaction that secures 30% black ownership of Atterbury Property Fund (APF).

Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported flat results for the half-year ending 31 August 2018.

Listed real estate investment trust (REIT) Redefine Properties (JSE: RDF) continues to weather challenging economic conditions by building a robust asset platform to sustain and nurture organic growth, both at home and abroad.

Liberty Two Degrees (L2D) is pleased to announce the commencement of trading of Liberty Two Degrees Limited (New L2D) on the Main Board of the JSE today, following the successful fulfillment of the conditions precedent to the restructuring transactions.

Stenprop, the UK multi-let industrial property investor, has acquired an industrial estate in Bridgwater, Somerset, in an off-market deal from a private investor for £4.8 million, which reflects a net reversionary yield of 6.9%.

Liberty Two Degrees (“L2D”), a premier South African retail focused REIT, has recently added to its team of vastly experienced asset managers through the appointment of Carmen Collison while Nikiwe Mkhabela, Brian Unsted, Bharathi Kawal and Sumenthree Moodley have taken up additional responsibilities.

Listed property continues to be an attractive investment compared with other asset classes, but it is likely to achieve single digit total returns this year.

Investec Property Fund continues to deliver consistent growth in distribution and assets.

Growing its portfolio of income-producing commercial properties, Freedom Property Fund has commenced its next phase of development, introducing over a dozen new units at Steelpoort Industrial Park in Limpopo.

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