An ever-increasing population in the Hermanus and surrounding Overberg areas and high demand for quality medical facilities has prompted Annenberg Property Group to develop a multi-disciplinary, state-of-the art medical centre in Hermanus which will be known as Hermanus Medical Village.

There will be a feeling of déjà vu about November’s listing on the JSE of Spear Reit, a property investment vehicle focusing exclusively on the Western Cape.

Stor-Age Property Reit acquired a smaller competitor as it looks to increase its scale, having grown organically in the past.

Wednesday, 21 September 2016 16:36

SA sees a return to stable rental growth

According to the quarterly PayProp Rental Index, the average South African rental for Q2 2016 was R6 570.50, a 6.4% increase from the same period in 2015.

Much has been said about the attributes of living on a residential estate, and while lifestyle appeal is a crucial component, the fact is the sound investment value both in terms of capital appreciation and potential rental income also speaks volumes to property buyers across the country, says Dr Andrew Golding, CE of the Pam Golding Property group.

A mere three hours from Cape Town and 90 minutes from the Garden Route, Prince Albert, an exceptionally beautiful Karoo town set against the backdrop of the Swartberg Mountains of the Western Cape, has over the years established itself as a leading country town.

Fairvest Property Holdings Limited (“Fairvest”) today announced a full year distribution of 16.660 cents per share, which represents a 10.29% increase on the comparable period and again exceeded the guidance previously issued.

In recent months, the FNB Valuers’ Residential Market Strength Index (MSI – see page 2 for description) has been through a short bout of mild demand-driven strengthening. However, month-on-month demand growth started to slow once more in August, which possibly means a near term weakening coming in the MSI.

Hospitality turns around under the management of CEO Vincent Joyner and is set to compete with other mid-cap property companies on the JSE, following an investment from Tsogo Sun.

Reaffirming the huge demand for prime located retail space in the Western Cape, Ikon Property Group recently brokered a transaction for the sale of Rondebosch Village Shopping Centre, which was acquired by a private property fund for R20.2 million.

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