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Leading SA REIT Growthpoint Properties has commenced its multi-million Rand development of a new head office for Exxaro, one of the largest and foremost empowered South African-based diversified resources companies.
Rebosis Property Fund is gearing up for growth in one of South Africa’s fastest growing retail markets, Centurion, by capitalising on its local retail property portfolio.
Rebosis Property Fund, the JSE’s first listed black-managed REIT, today announced that it has obtained overwhelming shareholder support to acquire two large, regionally dominant retail centres as well as the services companies from property developer Billion Group (Pty) Limited.
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).
The Pretoria decentralized office market continues to suffer from the aftermath of overzealous development coupled with weak demand for space to rent.
Rebosis Property Fund changes the terms of its takeover deal with developer Billion Group following pressure from investors who said the retail-focused group was overpaying for some assets.
Centurion has come a long way from being the sleepy southern suburb of Pretoria with its smallholdings and large open spaces. Today it is one of the fastest growing cities in South Africa with a population of over 240 000.
Recent studies suggest that while the demand for affordable housing is on the rise, affordability remains a barrier for millions of South Africans in this segment, resulting in renting increasingly becoming a more feasible option than buying.
Jean Crossing in Centurion is a brand new shopping centre which promises to bring a refreshingly modern shopping experience to the area.