The Master Builders Association (MBA) North has broadly welcomed President Ramaphosa’s vision of massive infrastructure spending as the “flywheel” of South Africa’s recovery from the COVID-19 crisis.

JSE REIT Stor-Age, South Africa’s leading and largest self storage property fund, continued outperforming sector and JSE indices for the year to March 2020, with robust results and a 5% higher dividend of R1.12 per share reflecting the resilience of the self storage product.

Encouraging financial results revealed by 4AX listed company Heartwood Properties Cape Town, 18 June 2020.

Following two months of hard lockdown, the development of a 2 047-bed student village at the University of Fort Hare (UFH) has resumed this week.

JSE listed diversified real estate investment trust Redefine Properties (JSE: RDF) along with equity partners Madison International Realty and Griffin Real Estate in European Logistics Investment BV  and in joint venture with its strategic development partner Panattoni Europe.

Initial predictions regarding the future of the residential property market as a result of the Covid-19 lockdown have painted a sombre picture: significant drops in house prices, more supply than demand, and people unable to afford their home loans. 

Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported results for the financial year ended 29 February 2020.

The Estate Agency Affairs Board (EAAB) will re-open its Sandton, Johannesburg offices before the end of June following their closure due to the COVID-19 lockdown.

London Stock Exchange listed Grit announced its intention to de-list from the JSE.

“The COVID-19 Crisis has changed the world a lot, perhaps less through introducing new trends and more through speeding up old trends,” said John Loos, FNB Economist at an FNB Commercial Property Finance (CPF) webinar earlier today.

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