German property group Sirius Real Estate is looking to make its debut on the JSE later this year.

Redefine International will place 86.64-million new shares‚ representing 7.5% of the company’s issue share capital, says group. 

Due to the high levels of competition and low returns for core products in the office and retail sectors, real estate investors are searching for investment opportunities in alternative use types, demonstrated in data released by IPD today.

Redefine International‚ the London-listed subsidiary of JSE-listed Redefine Properties International‚ said on Monday its acquisition of three shopping centres in Germany was completed on August 30.

Showcasing the opportunity for South African investors to invest in a reliable Rand hedge, Redefine International (PLC) today announced it has acquired three prime retail properties in Germany. 

Redefine International plc acquires the remaining minority interests in its Newington House‚ Ciref Malthurst and Trito Kwik-Fit entities for GBP1.9m.

Hochtief agrees to sell its airport management business Hochtief AirPort to Canadian pension fund PSP Investments for EUR1.1bn.

The report released by global property consultancy Knight Frank LLP, shows that South African buyers outperformed buyers from far wealthier countries such as Germany, Singapore, Saudi Arabia, Switzerland and Canada over the past 3 years. 

The state-run Passenger Rail Agency of SA plans to invest R500m to deck over the Braamfontein rail-stock yard for mixed-use property developments that will link the Johannesburg inner city with the historical suburb of Fordsburg

Taking issue with residential property economists who have been advocating renting rather than buying, is Michael Bauer, general manager of IHFM, a property management company