Stenprop Limited, listed on the JSE’s Main Board and the Bermuda Stock Exchange, announced today that it reached agreement to acquire a portfolio of multi-let industrial (MLI) properties as well as the management business that has built up and managed that portfolio, C2 Capital Limited, for a combined consideration that values the two businesses at £130.5 million.

The Richards Bay Shopping Centre known as Taxi City has been successfully sold for an auction record price of R120 million at the monthly commercial auction conducted by In2Assets, the commercial property auction specialists. 

Arrowhead, the South African JSE listed REIT, released its interim results today in line with guidance, despite a tough local economic and political environment.

Emira Property Fund has increased its spread of funding significantly over the past two years and now has funding facilities with six different banks, supporting a better risk profile, improving its refinancing risk and minimising its cost of capital.

Gemgrow Properties, a specialist high yielding, high growth REIT listed on the JSE, today released its maiden interim results.

Real estate consulting firm, JLL SSA, has released its 2016 Investment Review of the South African property market with analysis reporting a R28.8bn increase in investment (from 18,5bn in 2015), and a similar 52.8% increase in gross lettable area (2 million square metres).

Rebosis Property Fund, a JSE listed Real Estate Investment Trust (REIT) whose strategy is directed toward dominant retail malls and which recently internalised its management team, has reported net property income growth of 74,6% for the six months ended 28 February 2017.

MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indexes, portfolio risk and performance analytics and ESG research, has released the IPD South Africa Annual Property Index, which shows the South African property investment sector delivered an ungeared total return of 11.1% in 2016.

Wednesday, 12 April 2017 12:47

New Vantage Properties

At New Vantage Properties we pride ourselves on understanding the importance of selecting the optimal location and premises for your business.

Published in Property Broking

Located to the northwest of the Nairobi CBD, office developments in Westlands recorded average rental prices of $13.60/m2, with a 74% average occupancy rate in 2016 due to increased completed office developments under the letting process in 2015/2016.

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