Wednesday, 13 December 2017 10:24

Average Shopping Centre size on the rise

According to a recent study conducted by Morgan Stanley Capital International (MSCI) Real Estate South Africa on behalf of the South African Council of Shopping Centres (SACSC), malls are getting bigger.

From 2000 to 2008 Nairobi’s added 72 000 square meters of retail real estate to East Africa’s largest commercial hub.

Vukile Property Fund today confirmed that it has wrapped up the acquisition of a further two retail assets in Spain through its Spanish REIT subsidiary Castellana Properties Socimi.

JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) continues to advance its geographic diversification strategy with a strategic 25% stake in a 1 billion euro retail portfolio of 28 quality, established and well located assets across Poland.

JSE listed Echo Polska Properties (EPP) today announced the acquisition of 12 major shopping centres and retail parks (M1 portfolio) in three tranches over the next three years.

Vukile Property Fund today reported 7.4% growth in dividends per share for its half-year to 30 September 2017.

Real estate consulting firm, JLL, has released its South African Q3 2017 market reports for the office markets in Johannesburg, Durban and Cape Town; the industrial markets in Johannesburg and Durban; and an outline of the South African retail market.

Growthpoint Properties’ R85m revamp of M1 Place in Marlboro, Sandton, has converted an ageing retail warehousing property nearing the end of its lifecycle, into a modern, vibrant retail park.

Gemgrow Properties, a specialist high yielding, high growth REIT listed on the JSE, today released solid maiden full year results.

JSE diversified REIT, Dipula Income Fund (Dipula), has overcome tough macro-economic conditions to post a 5.8% increase in combined dividends per share for the year to August 2017, driven entirely by organic growth. 

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