eProperty News
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.

Gerhard Kotzé, MD of the RealNet estate agency group, says that while the real estate sector is currently performing very well in spite of the major contraction in the economy this year, it will be difficult to sustain this momentum without the consumer and business confidence that comes from a growing economy in which new jobs are being created.

The Minister of Finance hit the nail on the head when he said that it is not only investors who need confidence, but also the average South African, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

A senior government official is among 11 suspects expected to appear in the Nelspruit Magistrate's Court in connection with dubious land deals amounting to almost R124 million.

The SA REIT Association (SA REIT or the Association), the representative umbrella body for South Africa’s listed property sector is rolling out a repositioning strategy and additional capacity to support South African REITs adjust for long-term sustainability.

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