Wednesday, 05 April 2017 13:56

Growing demand for industrial properties

Demand for industrial property in Nairobi is expected to continue rising in 2017 with rental growth rate set to increase by between 8-10%, according to Broll Kenya Market Report H1 2017.

Home to Eskom’s Kusile Power Station, the Mpumalanga coal-mining town of eMalahleni (formerly known as Witbank) continues to experience a strong demand for housing, says Elisme Swart, area principal for Pam Golding Properties.

Accessibility, affordability and the current revitalisation project makes the Woodstock & Salt River a sought -after industrial node with higher rentals being charged for available stock.

Growthpoint Properties Limited today reported distribution growth of 6.1% for its six-month interim period to 31 December 2016, delivering performance comfortably in line with market guidance.

MAS Real Estate Inc (“MAS”), a commercial property investor, developer and operator listed on the main board of the Johannesburg Stock Exchange (“JSE”) and the Euro-MTF market of the Luxembourg Stock Exchange (“LuxSE”).

Listed property company Tradehold (JSE:TDH) has completed its acquisition of the Collins Group, with the purchase of the Collins Group’s South African property portfolio, as well as its property development and management business.

Emira Property Fund Limited today reported a 68,93 cents dividend per share for its half-year ended 31 December 2016, which is in line with its market guidance.

The young Fieldspace Property Group proves itself as a force to be reckoned with. Having entered their second year as Fieldspace, the team is already showing signs of shaking things up in the property sector, proving that innovation is the name of the game.

Over the long term, value styled investing outperforms growth styled investing. However, for the last seven years, both globally and in South Africa, value investing has underperformed.

Texton Property Fund Limited (JSE:TEX), a South African real estate investment trust (REIT) has appointed Nic Morris  as its Chief Executive Officer (CEO), with effect from 1 December 2016.

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