The SA REIT sector is set to deliver double-digit total returns to investors next year.

Thursday, 25 October 2018 15:52

Legaro the highest rated green building in SA

Legaro, boutique developer of quality, exclusive lifestyle and commercial properties, recently walked away with the honours of being 2018’s highest rated green building in South Africa at the 11th Green Building Convention’s gala dinner held in October.

In a groundbreaking move, Growthpoint Properties has successfully taken a sizeable South African commercial building completely off the municipal water grid.

May 2018 saw the FNB House Price Index growing by a faster 4.6%, year-on-year, up from the previous month’s 3.8% in April, and from a February 2018 low of 2.8%.

South African focussed JSE listed REIT Arrowhead announced strong operating performance for the period ending 31 March 2018.

Equites Property Fund Limited today announced growth in distribution per share for the year ended 28 February 2018 of 12.2% to 123.86 cents, as well as a 30% growth in the fair value of its property portfolio from R6.2 billion to R8.1 billion.

Property owners in Johannesburg, Ethekwini and many other municipal areas only have a short time in which to lodge any objections to the new municipal valuations of their properties – and to the new municipal rates based on these valuations that they will be charged from July.

The Middle East is weak. Europe, Hong Kong, Macau and Canada continue to experience strong price rises. But China, Russia, Japan, and most of the Middle East are experiencing either house price falls - or a sharp deceleration of house price rises

At face value, South Africa’s listed property sector appears to have lost some of its lustre in recent months.

Vukile will launch its residential property strategy before the end of March next year as it looks to add diversification to its predominantly retail-focused portfolio.

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