JSE listed REIT Ascension Properties Limited today announced its acquisition of Surrey House in Johannesburg.
It has been said that a truly successful and innovative business strategy is not a solo sport, and indeed this notion holds true with regards to the recent partnership between two of South Africa’s most prominent players in the rural and urban retail property sectors.
Analysts believe that over the next six to 18 months there will be consolidation in the property sector following the rash of new listings over the past three years.
Investec Property Fund (“IPF”) announces the acquisition of a new portfolio of seventeen properties for an aggregate consideration of R571,570,319.
Arrowhead Properties today announced that it has concluded an agreement with Jika Properties for the acquisition of a residential property portfolio at an aggregate purchase consideration of R406 million payable in cash.
Growthpoint Properties today announced it will acquire Abseq Properties (Pty) Ltd, which owns and manages a portfolio of 17 high-quality office properties in northern Johannesburg and Woodmead.
Stor-Age announced it has concluded the acquisition of eight of the nine trading self storage properties within the Public Storage portfolio in Pretoria.

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