The weeks-long relentless heat wave hitting South Africa provides a direct contrast to what is happening to the rand: a tsunami.

Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, announced that it has entered into an agreement with Redefine Properties Limited for the acquisition of 15 government tenanted commercial offices.

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.

Vukile Property Fund today reported 7% growth in distributions per share for its half year to 30 September 2015, delivering results in line with its market guidance.

The biggest merger in the history of the South African listed property sector is going ahead, with Fortress Income Fund finalising the acquisition of Capital Property Fund.

South African Real Estate Investment Trusts (SA REITs) are increasing their representation in the JSE/Actuaries All Share Top 40 Companies (ALSI 40) Index, growing their representation among South Africa’s largest listed companies.

Redefine Properties' full-year results released today reflect the company' strong growth trajectory for the year ended 31 August 2015, backed by a solid financial performance and underpinned by a dynamic, future-focused strategy.

Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today announced that it is in advanced discussions with Redefine Properties Limited to acquire its government tenanted property portfolio.

Property developers have identified a growing need by up-and-coming executives to buy residential properties close to city centres without having the required 10% deposit.

The Pivotal Fund, a development focused Investment Fund, is pleased to announce that it has purchased a 45% share in S&J Industrial, a 160 hectare (1.6 million m²) prime industrial parcel of land located in Germiston, Johannesburg.