Wednesday, 27 May 2020 11:48

The success of online Property Auctions

The current state of the economy brought about by many factors including the Covid 19 Pandemic and the recent downgrade to junk status is having an unparalleled effect on the real estate industry in South Africa.

JSE REIT Stor-Age, South Africa’s leading and largest self storage property fund, yesterday closed an accelerated bookbuild.

Investec Australia Property Fund (IAP or the Fund) has today reported its first full year financial result since its successful listing on the ASX.

Equites Property Fund Limited today announced a 9.4% increase in distributable earnings per share and dividends per share.

Arrowhead Properties, the Real Estate Investment Trust (REIT) with a diversified portfolio of retail, office and industrial properties today reported, during an investor update, that its portfolio is performing in line with expectations despite the prevailing uncertainty in the market.

Fairvest Property Holdings Limited (“Fairvest”) today again announced solid results for the six months to December 2019, with above market distribution growth of 5.1%, net property income growth of 2.2%, 5-year lows in vacancy rates and consistently low arrears.

JSE listed diversified real estate investment trust Redefine Properties’ today announced that Leon Kok will transition from his current role as financial director to chief operating officer when incumbent David Rice retires from the company on 31 August 2020.

Nedbank’s facilitation of the Barloworld-Khula Sizwe transaction highlights the bank’s commitment to transformation in the commercial property sector.

South-African focused JSE-listed diversified REIT, Dipula Income Fund, today announced solid results for the year ended 31 August 2019, despite a constrained macro-economic environment.

The Eastern Cape Development Corporation (ECDC) has begun an eviction process of 45 tenants through an order of the court at its Butterworth residential and industrial properties.

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