Investec Australia Property Fund (“IAPF” or the “Fund”) today announced the acquisition of an industrial property in Dandenong South, Melbourne for AUD 19 450 000 which represents an initial yield of 6.3%.

The Ekandustria Industrial Park is set to improve the lives of those living in the township of Ekangala once its revamp is complete.

Our Firstrand expectation is for a 25 basis point interest rate cut in the SARB’s Repo Rate, when its Monetary Policy Committee (MPC) meeting concludes on Wednesday. Should this happen, it would lower the Repo Rate to 6.5%, and the Prime Lending Rate of banks to 10%.

New report overviews increased competitiveness of economy, FDI and REITS contribution to boosting real estate growth.

After a four year high of unprecedented double-digit growth, South Africa’s strongest market took a knock in 2017 with a significant drop in sales volumes and price growth, but the new year has got off to a promising start with a record apartment sale price and three sales within 24 hours of listing.

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

This year marks a significant milestone for the City as the eThekwini Municipality prepares for the much-anticipated start of service of the first route of the new GO!Durban integrated public transport network from Pinetown’s CBD to KwaMashu’s Bridge City.

Those hoping for good news for the South African property market in the 2018 budget speech were likely disappointed by the lack of change to the sector’s key influencing factors.

The decision by Investec Australia Property Fund (the “Fund” or “IAPF”) to focus on acquiring assets that require a more hands-on management approach is starting to deliver results.

Eskom Chairman Jabu Mabuza will join global and local business influencers at the SA REIT Conference 2018 in Sandton Central next month.

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