Commercial property development company, Heartwood Properties , has revealed a 30% increase in their portfolio value, and a 29% increase in net asset value at the end of their first year as a listed company on the 4AX (4 Africa Exchange).

In the year to February, 2019 Tradehold, with property interests split between southern Africa and the United Kingdom, made several far-reaching structural and operational changes to the company to strengthen its balance sheet and tighten its focus.

In most cases when a person purchases a property, he will have to apply for a mortgage loan and this would be written into the offer to purchase as a suspensive condition, giving a certain time frame for the bond to be obtained by the bank and accepted by the buyer.

The recent ruling by the Supreme Court of Appeal where the body corporate of Gardens Lodge in Cape Town was found to have charged a “patently exorbitant” interest rate on levies that were outstanding.

Inospace Property Fund, an owner and operator of branded business parks providing conventional and flexible workspaces, has completed the acquisition of seven industrial parks in Cape Town and  Johannesburg for R212 million, bringing the total value of its portfolio to over R1 billion.

Stenprop, the UK multi-let industrial property investor, has acquired an industrial estate in Bridgwater, Somerset, in an off-market deal from a private investor for £4.8 million, which reflects a net reversionary yield of 6.9%.

Growthpoint Properties has completed the R44 million first phase of its new development at Mill Road Industrial Park in Cape Town, which includes a 5,000sqm facility for Laser Logistics.

Texton Property Fund today announced the appointment of Marius Muller as interim Chief Executive Officer effective immediately.

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

Friday, 07 September 2018 13:58

Attacq welcomes Zimmer Biomet to Waterfall

Attacq Limited (Attacq), the JSE listed property company developing Waterfall City and Waterfall Logistics Hub, hosted an official ground-breaking ceremony today, to welcome international medical devices company Zimmer Biomet to Waterfall Distribution Campus.

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