Shareholders in JSE-listed REITs, Gemgrow Properties  and Arrowhead Properties ( gave their stamp of approval at their respective shareholder meetings on Thursday, 22 August 2019 to the reverse takeover of Gemgrow by Arrowhead, launching a R16 billion (including listed investments), South Africa-focused property fund.

Thursday, 18 July 2019 23:32

May StatsSA Building Statistics

May StatsSA Building Statistics – Very strong Residential Completions growth still, while on the Non-Residential side Industrial and Warehouse building activity appears to be the provider of “relative stability”

Retail Property challenges are partly about technological advances. But they’re also very much about old fashioned fundamentals…including a big affordability challenge

Texton Property Fund has secured leases over more than 10,000sqm of industrial space at its Hermanstad Industrial Park in Pretoria.

Gemgrow Properties, the specialist high yield, high growth REIT listed on the main board of the JSE, today announced its annual results for the financial year ended 30 September 2018 delivering dividend growth in line with guidance.

Shareholders are advised that Stenprop completed the acquisition of a fully-let industrial estate in Shrewsbury on 24 April 2018 for £2.9 million, in line with its stated strategy to focus on UK multi-let industrial (“MLI”) property.

Amidst serious political turmoil, the South African property market ended 2017 on a better footing, with industrial property and flat rentals managing to outpace inflation.

A technical recession and low investor confidence has produced a seven-year investment low in the commercial property market.

Prevailing weak and low levels of business sentiment are set to keep the demand for industrial space at bay, and the outcome of this will be continued moderate growth in market rentals for industrial space, says Rode & Associates.

The industrial property market in Cape Town's Northern Suburbs is experiencing an increased demand for smaller light industrial space, reports Nicol van Wyk, leasing and sales broker for JHI properties in the Western Cape.

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