Fortress REIT Limited, the JSE-listed property group, has funded a year-long “Trees for Homes” programme run by Food & Trees for Africa (FTFA) in Sebokeng, a township in southern Gauteng.
Fortress REIT Limited (Fortress), the JSE-listed property group, has partnered with Food & Trees for Africa (FTFA), a leading Section 21 Non-Profit/Public Benefit Organisation to roll out a food security, environmental sustainability and greening programme at 19 schools and 500 homes in the vicinity of its Evaton Mall property in southern Gauteng.
Fortress REIT, the JSE-listed diversified property group, says the first phase of its White River Crossing development, a state-of-the-art retail and leisure centre near the Kruger National Park is nearing completion and is on course for its scheduled opening on 22 August 2019.
Fortress REIT Limited, the diversified property group, is preparing to welcome Makro as the first tenant in its 28 hectare Cornubia Ridge Logistics Park, which is strategically located close to Durban’s thriving business and residential hub of Umhlanga as well as King Shaka International Airport and the Dube TradePort.
Fortress REIT Ltd., the diversified property group, today advised shareholders that its board of directors has identified suitable candidates to continue driving the business forward and ensuring continuity.
Millennials in South African have purchased homes in great numbers in recent years. According to statistics supplied by property group Lightstone, almost 330 000 millennials bought homes in South Africa between 2015 and 2017 and 70% of them were first-time homebuyers.
Fortress REIT Limited, the diversified property group, has secured Vodacom as a major new tenant at its Louwlardia Logistics Park development in Centurion for a period of five-years, a major coup for the company, which also has We Buy Cars and Goldwagen Car Parts as tenants at the same facility.
Pam Golding Commercial, a member of the Pam Golding Property group, has launched an auction division - Pam Golding Commercial Auctions - to cater for this highly effective and increasingly popular means of selling commercial investment property in a short period of time and at a market related price.
Listed property group Alpina Investments ltd (ALA) cautioned that it was considering a restructuring of its "A" and "B" class linked units intoa single unit, which could result in a change of control of the company.
Property group Hyprop (HYP) announced a 376 million rand rights offer, which has been split into a 124.65 million rand raised by issuing nine million shares, and with the balance offered to existing shareholders at a price of 13.50 per unit in the ratio of 19 units per 100 held. The rights offer will not be underwritten.
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