Tuesday, 10 September 2019 17:31

Hyprop revises strategy for long-term gains

Against the backdrop of a deteriorating global economy, JSE retail specialist REIT – Hyprop - achieved higher distributable income in both its South Africa and Eastern Europe portfolios for the year to June 2019. 

Today Attacq Ltd  the JSE listed REIT developing Waterfall City, and Waterfall Logistics Hub announced, in partnership with acclaimed property developer, Tricolt, the breaking of ground at Ellipse Waterfall, the first high rise development within Waterfall City.

Redefine Properties, which manages a diversified property asset platform of local and international investments, is relentlessly pursuing strengthening its balance sheet with a primary priority on right-sizing its asset footprint to its capital base in volatile global and local financial markets.

Shareholders in JSE-listed REITs, Gemgrow Properties  and Arrowhead Properties ( gave their stamp of approval at their respective shareholder meetings on Thursday, 22 August 2019 to the reverse takeover of Gemgrow by Arrowhead, launching a R16 billion (including listed investments), South Africa-focused property fund.

RDI, the income focused UK-REIT, is pleased to confirm that, further to the announcement on 5 June 2019, the Company has completed the second and final stage of its £75.0 million London Serviced Office portfolio refinancing.

Growthpoint Investec African Properties (GIAP), the pan-African real estate investment business managed by Growthpoint Investec African Property Management, has advanced the execution of its strategy to aggregate a quality portfolio of prime income-producing commercial assets in select cities across Africa.

JSE specialist shopping centre REIT, Hyprop, today announced the sale of Manda Hill Shopping Centre located in Lusaka, Zambia.

Vukile Property Fund today announced that its listed Spanish subsidiary, Castellana Properties SOCIMI SA, has acquired the high-quality 30,000sqm Puerta Europa shopping centre in Algeciras, Cadiz, Spain.

Dipula Income Fund, a diversified, South-African focused and Black-managed REIT, today announced a non-binding offer to acquire 100% of the shares in SA Corporate Real Estate Limited through a merger of the two companies.

Texton Property Fund has secured leases over more than 10,000sqm of industrial space at its Hermanstad Industrial Park in Pretoria.

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