The SA REIT (Real Estate Investment Trust) sector has published the Second Edition of its Best Practice Recommendations to enhance the transparency and comparability of financial reporting by SA REITs.

La Lucia Mall is leading the way in aesthetically fresh, modern shopping experiences.

Eris Property Group  has appointed a new Chief Executive Officer (CEO). Barend de Loor will assume his new role at the property development, investment and services group as of 1 September 2019, succeeding long-standing CEO of 15 years, Warren Schultze.

Estienne de Klerk has been elected Chairman of the SA REIT Association, which represents the South African listed REIT (real estate investment trust) sector.

A group of construction industry stakeholders has urged the industry to return to basics in order to overcome its current challenges successfully.

Redefine Properties, which manages a diversified property asset platform of local and international investments, is relentlessly pursuing strengthening its balance sheet with a primary priority on right-sizing its asset footprint to its capital base in volatile global and local financial markets.

The R155 million first phase of the new Sky City Mall, catering for the residents of Waterval, Palm Ridge and Kathlehong some 35km south east of Johannesburg in Gauteng’s Ekurhuleni Metro, is trading well since opening its doors to scores of shoppers on 18 April.

NEPI Rockcastle welcomes the conclusion of the investigation by the Financial Sector Conduct Authority (FSCA) relating to allegations of market abuse.

The PwC investigation commissioned in November last year by the Special Subcommittee of the board of directors of Fortress REIT Ltd (JSE: FFA and FFB), has found no conclusive evidence to confirm any of the allegations made against the Company or its Management in respect of market manipulation or insider trading and in respect of undue related party benefits or wrongdoing in historic property transactions.

NEPI Rockcastle’s wholly-owned subsidiary, NE Property BV, has closed the corporate bond book build referred to in the announcement released earlier today.

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