Redefine Properties is now the majority shareholder of Brackengate 2, one of the most valuable tracts of land for commercial use in the Western Cape.
As if on cue, shares in the suitably named Resilient REIT roared, entrenching themselves in the pound seat, after the firm churned out yet another bumper set of earnings numbers.
Student residence provider Respublica has plans to provide 20,000 beds by 2020 as it looks to fill the educational housing gap left by the state.
Until recently, Growthpoint Properties and Redefine Properties were the largest listed South African real estate groups, leaving institutional investors with limited choice.
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.

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