The SA REIT (Real Estate Investment Trust) sector is updating its best practice recommendations to make financial reporting of South African REITs even clearer and more comparable.

JLL & LaSalle’s Global Real Estate Transparency Index highlights urgent need for further improvements to meet the growing expectations of business, investors and communities.

Wednesday, 12 September 2018 13:39

Plans for Tinley ups KZN Coast's tourism stakes

Tinley is one of Tongaat Hulett’s northern development initiatives and one of significant tourism potential. Featuring kilometres of pristine coastline, lagoon, indigenous coastal forest and a key location within KwaZulu-Natal’s primary growth corridor, Tinley is uniquely positioned to accelerate tourism development.

With all development rights in place, civil construction on the much awaited Ntshongweni Urban Development will commence in early 2019.

Attacq Limited (“Attacq”), a South African-based and JSE listed REIT, today reported results for the year ended 30 June 2018.

The fourth and final phase of the popular Willow Wood Office Park, developed by Heartwood Properties, in Fourways in Gauteng, is currently under construction and due for completion in March next year.

Growthpoint Properties today announced distribution growth of 6.5% per share for its full year to 30 June 2018 for investors, delivering a solid set of results that match its market guidance.

Heartwood Properties, born out of a successful joint venture between Gauteng property developers, Brydens Group and Montagu Property Group, is the first property company to list on the new 4 Africa Exchange (4AX).

Mace has released its latest tender cost update for Sub-Saharan Africa, showing mixed performances for the region’s two most prominent economies.

With inflation still within the target range, but with concerns following a round of fuel price increases and other potential inflationary impacts, as was anticipated, the Monetary Policy Committee kept the repo rate unchanged following this week’s meeting, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

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