When unrest flared up in KwaZulu-Natal and Gauteng from 9 to 18 July 2021, ultimately resulting in 200 shopping centres being looted and/or damaged, with a R50 billion knock on the national gross domestic product, leading Pan-African professional real-estate services provider Broll Property Group knew it had to act quickly.

South-African focused JSE-listed diversified REIT, Dipula Income Fund, today announced that it is considering a strategic partnership with Resilient REIT Limited (“Resilient”) in a R1 billion transaction that will see Dipula optimise its capital structure and benefit from the retail property and deal-making experience of Resilient to create further shareholder value.

Vukile Property Fund (JSE: VKE) today issued R500 million of senior unsecured corporate bonds with one- and three-year maturities.

While the COVID-19 third wave and severe social unrest have hampered sentiment, Redefine Properties says it has trimmed down and simplified it’s local and offshore property platforms, resulting in the de-risking of its balance sheet and providing it with sufficient liquidity to position the company for exciting new opportunities and a potential resumption of paying dividends.  

Emira Property Fund (JSE: EMI) has acquired its eleventh grocery-anchored dominant open-air shopping centre in the USA, growing its equity investments in thriving states of the world’s largest economy to R1.55bn (US$105m).

Brokers continue to see all 3 major commercial property buying/selling markets as substantially oversupplied, but the perception is that the Industrial Property Market’s oversupply is the least significant.

Just three weeks after extensive looting and vandalism took place at Chris Hani Crossing in Vosloorus, the Centre is ready to serve its community again.

Tuesday, 27 July 2021 22:49

Vaal Mall is grateful

We are inspired by the powerful message of hope sent by all those who stood together to watch over their communities during the recent unrest.

Hyprop announced that SOKO District will open its doors at Rosebank Mall on Friday 30 July 2021.

Fortress REIT announced that their biggest logistics development to date was signed with Pick N Pay at their flagship premium-grade Eastport Logistics Park, close to ORT Airport in Gauteng.

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