Tuesday, 10 September 2019 17:31

Hyprop revises strategy for long-term gains

Against the backdrop of a deteriorating global economy, JSE retail specialist REIT – Hyprop - achieved higher distributable income in both its South Africa and Eastern Europe portfolios for the year to June 2019. 

From 2010, when Nedbank completed its headquarters on the corner of Rivonia Road and Maude Street to become the country’s first Green Building Council South Africa (GBCSA) Green Star-certified building, Sandton Central has remained on the cutting edge of green building practices on the African continent.

JSE-listed South African-focused REIT Gemgrow Properties  today announced its interim results for the six months ended 31 March 2019.

This month, Africrest Properties opened their latest residential conversion project up for leasing and the first tenants have started moving in.

Investec Australia Property Fund (“IAPF” or the “Fund”) today announced the acquisition of a low rise office building in Symonston, Canberra for AUD 29,750,000[1] which represents an initial yield of 6.93%.

Balwin Properties, the JSE’s only national large-scale developer of turnkey sectional-title apartments and surrounding infrastructure aimed at the mid- to upper market segment, today announced a strategic rental model initiative that will see it access its extensive land bank quicker and share in annuity rental and other income over the longer term. 

Africrest Properties was thrilled to host the Member of the Mayoral Committee (MMC) for Development Planning for the City of Johannesburg- Reuben Masango as well as MMC for Housing- Meshack van Wyk, at the opening of their latest middle income residential development in Bramley, known as ‘The Village’.

Sandton is seen as South Africa’s most important business and financial hub.

Delta Property Fund (“Delta” or “the Fund” or “the Company”), a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported flat annual financial results for the year ended 28 February 2018. 

We achieved solid results in the first quarter of this year, improving our gross margin on rental activity by 23% and improving our FFO by 27%. - said Thomas Kurzmann, GTC’s CEO.

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