Liberty Two Degrees (“L2D”), a premier South African retail focused REIT, has recently added to its team of vastly experienced asset managers through the appointment of Carmen Collison while Nikiwe Mkhabela, Brian Unsted, Bharathi Kawal and Sumenthree Moodley have taken up additional responsibilities.
JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) has bolstered its liquidity and began a process to refine its international holdings following an agreement to sell a 19.5% stake in Australia-listed Cromwell to Singapore-based ARA Asset Management Limited.
Unprecedented liquidity in global capital markets is fuelling investors to seek out new markets and it is beginning to find its home in real estate markets in Sub-Saharan Africa (SSA) says JLL in its latest research paper “Emerging Beyond the Frontier”.
Sanlam CEO Johan van der Merwe talks about the company listing its property fund on the Mauritian Stock Exchange.
The PLSA reports that for the last 12 months to the end of February 2012, SA Listed Property recorded the highest total return of any asset class at 21.75%
Strong property fundamentals were continuing to boost retention of tenants with expiring leases in Martprop’s R2,6 billion portfolio, managing director Roger Perkin said today. “The firm demand for quality, well located assets has pegged vacancies in the portfolio at 1,5%,“ he said. “It is also underpinning retention of expiring leases at above 80%. “

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