eProperty News

A silver lining amongst the many dark clouds dominating South Africa’s current economy is, thanks to recent interest rate cuts, commercial real estate - especially purpose-built quality logistics assets supporting the ongoing e-commerce boom in the country.

JSE REIT Stor-Age, South Africa’s leading and largest self storage property fund, continued to outperform the sector, delivering a strong performance for the six months ended September 2020.

Investec Property Fund Limited (IPF or the Fund) has announced a 33.9% decline in distributable earnings yoy to 46.87cps (H1 FY20: 70.93cps) primarily due to the impact of COVID-19 related concessions and tenant failures that affected investments largely in South Africa.

South-African focused JSE-listed diversified REIT, Dipula Income Fund, today announced results for the year ended 31 August 2020 against a backdrop of substantial economic headwinds, exacerbated by Covid-19 (or “the pandemic”) related lockdown measures (“the lockdown measures”.)

By late-2019, all 3 major provinces had seen the rental payment performance of their Commercial Property tenant population slide mildly from highs reached a few years prior.

Growthpoint Properties successfully closed its sizeable R4.3bn equity raise, which opened yesterday afternoon.

Wednesday, 30 September 2020 09:40

Hammerson plc appoints Rita-Rose Gagné as CEO

Hammerson plc (“Hammerson“) is pleased to announce the appointment of Rita-Rose Gagné as Chief Executive Officer (“CEO“) and Executive Director.

Hammerson plc (“Hammerson”) today announces that it has completed the sale of substantially all of its 50% interest in VIA Outlets to the APG Strategic Real Estate Pool, a mutual fund managed by APG Asset Management N.V., for €307 million (£277m) 1 .

The Covid-19 pandemic and lockdown has been a catalyst for highlighting the different characteristics – as well as the commonalities of preference – among various generations of home buyers, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

Tradehold’s South African business, the Collins Group, delivered outstanding results in the six months to end August, achieving a net profit of £3.3m.

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