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.
Sandton Central’s private sector green building leadership contributes to better public spaces
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.
Gemgrow navigates difficult environment through portfolio optimisation
JSE-listed South African-focused REIT Gemgrow Properties today announced its interim results for the six months ended 31 March 2019.
Africrest Roars Proud With Its Latest Office To Residential Conversion - ‘The Leo’
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 acquires Canberra office building
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's strategic rental model initiative to unlock value throughout the cycle
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.
One of the largest residential and school developments along the Corridors of Freedom
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’s glut of new A grade office space is shaking up rentals
Sandton is seen as South Africa’s most important business and financial hub.
Delta Property Fund Limited delivers against guidance despite shorter lease terms
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.
GTC 1Q show 27% improvement in Funds from Operations and 23% improvement in gross margin
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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