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A new, 100%black-owned hotel operator is to soon enter the local market following a multi-million rand deal signed this week between Afrirent Holdings, Top Toyo Investments and Indalo Hotels & Leisure Management in terms of which an R280 million, focused service Hampton by Hilton hotel will be built in Sandton, Gauteng.

The multi-million rand refurbishment of JSE listed diversified real estate investment trust Redefine Properties’ 155 West Street in Sandton has been completed.

The R155 million first phase of the new Sky City Mall, catering for the residents of Waterval, Palm Ridge and Kathlehong some 35km south east of Johannesburg in Gauteng’s Ekurhuleni Metro, is trading well since opening its doors to scores of shoppers on 18 April.

Equites Property Fund Limited has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from 1 July 2019.

EPP, the JSE-listed leading Polish property company, and Henderson Park, the pan-European private equity real estate platform, have formed a new joint venture.

Hystead Limited, which is 60% owned by Hyprop Limited, has successfully completed the 12 000m² extension to The Mall of Sofia, Bulgaria.

NEPI Rockcastle welcomes the conclusion of the investigation by the Financial Sector Conduct Authority (FSCA) relating to allegations of market abuse.

FNB's 1Q19 City of Cape Town Sub-Regional House Price Indices showed that most sub-regions are experiencing slowing house price growth, with the most expensive regions now experiencing house price deflation.

NEPI Rockcastle has been approved for a secondary listing on A2X Markerts and its shares will be available for trade on A2X from Tuesday, 18 June 2019.

Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported results for the year ended 28 February 2019 reflecting the toughest operating year in the Fund’s history.