Thursday, 16 May 2019 22:47

Mozambique is a Buyer’s market

Building off MozamReal’s successful debut in 2018, this year’s edition is attracting significant attention from local and regional investors and developers.

John Rabie, one of South Africa’s most successful property developers, has recently embarked on a substantial new venture in Portugal. 

JSE-listed EPP successfully completed an equity raise of ZAR 1.45 billion equating to approximately EUR90 million. The Polish retail company will use the equity to fund tranche 2 of its M1 portfolio transaction.

Long the unassuming and often overlooked wallflower of the Southern Suburbs, Plumstead has been attracting growing investor interest in recent years, especially since the bubble burst three years ago.

The iconic 30-storey Towers Main building in Johannesburg’s ABSA Precinct now has a new owner and a new lease on life.

McCormick Property Development (MPD) is proud to confirm the signing of a partnership agreement with Putprop Limited for the development of two signature retail projects, located in the Gauteng townships of Soweto and Mamelodi.

Growthpoint Properties today announced 5.9% growth in distributable income to R3.1bn with revenue from the group increasing 4.3% for its half-year to 31 December 2018, representing dividend growth of 4.5% per share for investors.

Author and investor Jim Slater states of large-cap companies, “elephants don’t gallop”. And as history shows us (see Chart 1) mid- and small-cap companies have enjoyed superior growth over the long term.

Market remains active with new projects announced in 2018 across the hospitality, retail and industrial sectors.

A breakfast event held jointly by the South African Property Owners Association (SAPOA), Women’s Property Network (WPN) and the South African Institute of Black Property Practitioners (SAIBPP) sponsored by Beier Group and the Durban ICC, took place at Durban’s ICC on 13 February 2019.

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