Wednesday, 25 July 2018 12:01

Changes to the board

Further to the announcement on 15 December 2017, in which Greg Clarke advised of his intention to step down as Chairman of the Board, RDI, the FTSE 250 income-focused UK-REIT, is pleased to confirm the appointment of Gavin Tipper as the Company’s new Chairman, with effect from 24 July 2018.

Durban-based industrial property development giant, Shree Property Holdings, has made a bold R220 million entry into the South African commercial market, launching an upmarket, ultra-modern '4-star green-rated' office complex in the heart of the desirable Ridgeside Precinct on Umhlanga Ridge, and is poised to take KwaZulu-Natal's commercial property development to a new level.

JSE listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) has announced its decision to place auditors KPMG on notice. Redefine’s board has resolved to terminate its association with KPMG.

The downgrading of South Africa's debt to junk status and the firing of Pravin Gordhan as finance minister mean that interest rates will be on hold until 2020 at least, a poll of economists predicted yesterday.

Durban-based industrial property specialist, Shree Property Holdings, with a portfolio exceeding 650 000 square metres and the largest self-owned cold storage facilities in Southern Africa, is poised to break new ground in Durban's commercial market.

Accelerate Property Fund grows its portfolio 24% year on year to March to R8.4bn, owing to strong investment activity.

Accelerate Property Fund, the JSE listed Real Estate Investment Trust with significant exposure in the dynamic Fourways node, Johannesburg, today reported strong Annual Results despite a challenging business environment and slow economic growth.

While SA offers the best real estate investment opportunities in Africa, investors need to focus on funds that have strong property fundamentals.

In May 2014, the accounting standards setting authorities released IFRS 15 Revenue from Contracts with Customers (IFRS 15) - a new standard on revenue recognition which is effective for periods beginning on or after 1 January 2018.

The SA REIT (Real Estate Investment Trust) sector has published Best Practice Recommendations that will make financial reporting of South African REITs clearer and more comparable.

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