The landmark Cape Quarter Lifestyle Village, situated in Green Point in Cape Town, has recently undergone several changes and has experienced rapid regeneration through the efforts of managing agents Spire Property Management and the owners of the building, the Tower Property Fund.
Tower Property Fund concludes an agreement with Motifprops 77 Pty Ltd for the acquisition of the property known as Clifton Place for R80.5m.
Bruce Kerswill, Executive Chairman of the Green Building Council South Africa (GBCSA) and the pioneer who led the charge in the formation of the local Council, has been elected as the Chairman of the World Green Building Council (World GBC).
JSE's R249bn listed property sector delivers a muted 7.3% total return for the first 11 months of this year, some way off the 17.92% achieved by the All Share index over the same time.
The Cape Quarter has experienced rapid regeneration and is set for a bumper festive season, with an exciting line up of events taking place over the coming weeks.
The Tower Property Fund, which was the first new fund in South Africa to list on the main board of the JSE under the Diversified REITs sector in July, has experienced steady progress during the first quarter following listing.
Spire Property Management has been appointed to manage the entire portfolio of properties within the Tower Property Fund, which listed on the JSE in July as the first fund under the Diversified REITs sector.
THE South African listed property sector continues to grow in leaps and bounds, with four new property companies expected to list on the JSE before the end of this year.
Tower Property Fund was officially the first new fund in South Africa to list on the main board of the JSE under the Diversified REITs sector when it listed on 19 July 2013.
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