Fortress REIT Limited A shares have recorded the best performance among real estate stocks on the JSE this year, with an impressive 19.5% total return.
Today Attacq Ltd the JSE listed REIT developing Waterfall City, and Waterfall Logistics Hub announced, in partnership with acclaimed property developer, Tricolt, the breaking of ground at Ellipse Waterfall, the first high rise development within Waterfall City.
Delivering exceptional investment performance in current market conditions is no simple task, given that uncertainty and unemployment remain critically high whilst economic growth, liquidity and interest rates remain stubbornly low.
Estienne de Klerk has been elected Chairman of the SA REIT Association, which represents the South African listed REIT (real estate investment trust) sector.
A few months on from the May general election, a somber mood is once again settling in in the country, and one senses that there is a feeling that structural policy reforms that had been hoped for under a new presidency are not easily going to be forthcoming.
JSE specialist shopping centre REIT, Hyprop, today announced the sale of Manda Hill Shopping Centre located in Lusaka, Zambia.
Dipula Income Fund, a diversified, South-African focused and Black-managed REIT, today announced a non-binding offer to acquire 100% of the shares in SA Corporate Real Estate Limited through a merger of the two companies.
The past decade has seen South African property developers and investors forge their way up the African continent and then pull back.
Today’s repo rate reduction of 25bps (to 6.5%), coupled with early indicators of recovery in the South African residential property market augur well for the balance of the year and underscore the opportunity for home buyers to capitalise on the current favourable market conditions before the market enters a decisive upturn.
The North West agricultural town of Vryburg is set to get its first enclosed shopping mall with a new 20 000m² centre.
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