Wednesday, 14 August 2019 15:46

Fairvest withdraws bid to merge with Safari

Fairvest Property Holdings Limited  today announced that it has elected, by mutual agreement, to not proceed with its friendly merger with Safari Investments RSA Limited.

JSE specialist shopping centre REIT, Hyprop, today announced the sale of Manda Hill Shopping Centre located in Lusaka, Zambia.

Vukile Property Fund today announced that its listed Spanish subsidiary, Castellana Properties SOCIMI SA, has acquired the high-quality 30,000sqm Puerta Europa shopping centre in Algeciras, Cadiz, Spain.

The past decade has seen South African property developers and investors forge their way up the African continent and then pull back.

From 2010, when Nedbank completed its headquarters on the corner of Rivonia Road and Maude Street to become the country’s first Green Building Council South Africa (GBCSA) Green Star-certified building, Sandton Central has remained on the cutting edge of green building practices on the African continent.

Ballito Junction Regional Mall is boosting its uniquely vibrant mix of shopping, restaurants and leisure with a fantastic array of new retail brands.

One of the key ways for Africa to attract significant external investment is to improve levels of liquidity across the continent. 

Investec Property Fund (IPF) has acquired an additional 23% interest in the Investec Argo Property Fund (UK Fund) for GBP25 million, increasing its shareholding to 33% and its total investment in the UK Fund to GBP36.7 million.

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

JSE specialist shopping centre REIT, Hyprop, today announced progress on its strategy communicated to the market in March this year, where it stated its intention to reduce its exposure to sub-Saharan Africa excluding South Africa to focus its attention and capital on its South African and Eastern European businesses. 

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