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.

Over the past decade, an increasing demand for large warehousing space among distribution and logistics companies has resulted in the establishment of new industrial townships next to the main arterial and secondary highways between the north and eastern suburbs of Johannesburg.

A vibrant, creative hub in downtown Johannesburg which is tangible proof of the successful regeneration of an inner city precinct that once seemed doomed to ongoing urban decay, the Maboneng Precinct is undergoing further transformation and growth.

Auction Alliance, recent winners of the acclaimed NAA and USA Today international marketing awards, will take an industrial warehouse in Uraniaville, Klerksdorp to auction during next week’s Commercial Multiple auction.

Tuesday, 21 June 2011 02:00

Salt River Industrial space going

A prime, light industrial sectional title unit, situated within the established commercial node of Salt River, is set to fall under the Auction Alliance hammer during its commercial Multiple Auction to be held on June 28.

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