Listed real estate investment trust (REIT) Redefine Properties has appointed seasoned business and accounting expert Sindi Zilwa to its board with effect from 2 November 2018.
The SA REIT (Real Estate Investment Trust) sector is updating its best practice recommendations to make financial reporting of South African REITs even clearer and more comparable.
Roads are the hallmark of a progressive society and have profound impacts on the communities they serve. The almost complete Mount Edgecombe N2/M41 Interchange at uMhlanga on KwaZulu-Natal’s rapidly expanding North Coast, is one such development that will have a significant impact on this area’s urban quality and spatial connectivity.
Financially speaking, the notion of a trust tends to have connotations to wealth and independence (trust fund children?!) but when it comes to property and trusts, it is useful to know your trust benefits from your tax law in order to determine if this is a viable route for protecting your asset and optimising your money.
President Cyril Ramaphosa announced Government's eagerly awaited economic stimulus package at a briefing in Pretoria on Friday aimed at driving economic growth.
The Green Building Council of South Africa (GBCSA) will host the 11th Annual Green Building Convention with several local and international heavyweights weighing in on the global race to achieve net zero carbon, water, waste and ecology buildings.
JSE REIT Stor-Age, the leading and only listed self storage property fund in South Africa, yesterday closed its accelerated bookbuild.
RDI, the income focused UK-REIT, today announces that it has completed the acquisition of Southwood Business Park, an industrial estate in Farnborough, Hampshire for a total consideration of £26.3 million, reflecting a net initial yield of 6.2%.
Grit, the only listed Africa-focused income distribution group to offer international property investors access to high growth opportunities in thriving African economies, outside of South Africa, continued on its strong growth trajectory, reporting solid financial results for the year ended 30 June 2018.
Data published by Statistics South Africa with regard to private sector-financed residential building activity (see explanatory note) showed that the planning phase of new housing improved in the first seven months of 2018, whereas the construction phase contracted.
Africa Logistics Properties has today launched its first 49,000 sqm of modern grade –A warehousing at ALP North Industrial Park with 75 per cent of the facility pre-leased at a time when other segments of the commercial, retail and residential real estate market are struggling to achieve total occupancy of 75 per cent.
JLL & LaSalle’s Global Real Estate Transparency Index highlights urgent need for further improvements to meet the growing expectations of business, investors and communities.
With the rand regaining some ground and inflation surprising on the downside this week, existing and aspirant home buyers will be relieved at the Monetary Policy Committee’s decision today (20 September 2018) not to increase the repo rate, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Consumers will breathe a sigh of relief after the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5%.

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