Attacq Limited (“Attacq”), a South African-based and JSE listed REIT, today reported results for the year ended 30 June 2018.

In the 2nd Quarter 2018 FNB Estate Agent Survey Buy-to-Let demand is perceived to be slower of late, along with moderating near term expectations amongst agents.

Monday, 18 June 2018 15:40

Attacq converts to a reit

Attacq Limited, (“Attacq”), the JSE listed property company, announced its conversion to a Real Estate Investment Trust (“REIT”), effective 29 May 2018, following approval by the JSE.

Brackenfell, thought by many property trend watchers to be the precinct that now offers the best value for money and the best capital growth prospects.

Our Firstrand expectation is for a 25 basis point interest rate cut in the SARB’s Repo Rate, when its Monetary Policy Committee (MPC) meeting concludes on Wednesday. Should this happen, it would lower the Repo Rate to 6.5%, and the Prime Lending Rate of banks to 10%.

MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indexes, portfolio risk and performance analytics and ESG research, has released the IPD South Africa Annual Property Index, which shows the South African property investment sector delivered an ungeared total return of 11.1% in 2016.

While the residential property market in general has been experiencing a reduction in activity over the past two years, there are definite signs of a positive shift in the marketplace.

Investing overseas can be quite daunting and it is a challenge to know what to believe.

The Pivotal Fund Limited (‘Pivotal’), a development-focused investment fund, today reported solid results for the six months ended 31 August 2016 with a 17.35% increase in net asset value per share to R23.00, excluding deferred tax (“NAVPS”) year-on-year.

The joint venture has acquired 28ha of Waterfall land from Attacq and an additional adjacent 100ha from the Mia family, securing a total of 128ha of usable land on the eastern side of the N1 freeway and south of the Allandale interchange.

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