This week's feature focuses on the East Rand and includes an update on a concluded industrial auction as well as a retail township investment opportunity
Various industrial office and retail property investment and owner occupier opportunites are on offer, as well as a significant development project.
Looking forward, Vukile (VKE) plans to grow more aggressively by focussing on retail and improving the quality of their office portfolio, according to Laurence Rapp, CEO of Vukile Property Fund.
Sun International has entered into a 20-year lease agreement with the Cavaleros Group for the lease of the Grayston Hotel, a landmark Sandton property.
The big banks may well have backed out of seemingly high-risk inner-city property markets but alternative lenders, private equity funds and institutions are starting to pick up the slack
US-backed private equity fund International Housing Solutions, which entered SA’s affordable housing market in 2008, recently breached the R1bn lending mark.
"The property’s sale shows that despite the continued volatility in the real estate market, good quality properties in prime nodes continue to experience high demand amongst investors", says John Hislop of Auction Alliance.
Redefine is making significant progress on both the acquisition and disposal front in implementing its portfolio repositioning strategy but this could be initially expensive
This sizeable property features a government lease and strong covenants.
A retail centre and residential flats represent some of the opportunites available to investors.

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