JSE listed diversified Real Estate Investment Trust (REIT) Redefine Properties remains firmly focused on delivering customised solutions in the industrial property sector despite constrained economic conditions.
While the number of international buyers in residential property in South Africa remains relatively low, at somewhere in the region of three percent nationally, investors from elsewhere on the continent – including returning expats - retain their appetite for the acquisition of South African real estate for a variety of reasons.
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“Spear’s assets under ownership of its core portfolio have increased 117% since the start of the 2018 financial year. The strong performance of the core portfolio stands testament to the value investing nature of management and ability to actively manage assets that generate yield-enhancing returns for shareholders” – CEO Mike Flax.
Atterbury, the leading South African property developer, has completed the refurbishment of Trumali House, Stellenbosch, into modern multi-tenant A-grade offices with 3,500sqm of space.
In its commitment to actively advance the commercial property interests within the property industry, the South African Property Owners Association (SAPOA)commissioned the services of Urban-Econ Development Economists to embark on an analysis of the commercial private property industry in the Mpumalanga province, with specific reference to the City of Mbombela Local Municipality.
Sibaya Casino & Entertainment Kingdom has enhanced its capacity as a host for grand scale events with its expansive, multipurpose venue, Sun Park.
Growsmart, the leading education initiative by Growthpoint Properties in collaboration with the Western Cape Department of Education, this month launched its ninth annual programme focused on boosting the literacy, numeracy and science performance of primary school children.