Growthpoint Properties Limited today reported distribution growth of 7.5% for its six-month interim period to 31 December 2014, delivering performance at the top end of its market guidance.

South Africa’s commercial real estate sector welcomed the announcement by Minister of Finance Nhlanhla Nene in his budget speech yesterday that National Treasury is supporting, and working towards, extending South Africa’s REIT (Real Estate Investment Trust) dispensation to unlisted property-owning companies.

Wednesday, 11 February 2015 16:24

Estienne De Klerk

 Estienne de Klerk is the Fund Executive for Growthpoint Properties. 

Published in Property Leader

Growthpoint Properties proudly celebrated the opening of a new youth centre in Marburg, Port Shepstone, KwaZulu-Natal on Tuesday, 25 March 2014.'

Discovery today announced the start of a four-year property development that will see Discovery's more than 5 000 employees move into a new office development in Sandton.

South Africa's listed property sector is set to undergo consolidation in 2014.

Listed property sector should be able to perform better next year than it did this year, even with the threat of interest rates rising.

Concerns surrounding the communication and relationship between the public and private sector are diminishing as both parties are becoming more actively involved with one another, engaging in meaningful dialogue and working together on improving business and infrastructure in South Africa.

Simultaneous increases in the Rates Factor and property valuations resulted in municipal rates levied on commercial property owner’s rocket in July this year. 

The South African Property Owners Association (SAPOA) and the City of Cape Town will work to unlock opportunities by facilitating collaboration between the public and private sector.

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