JSE newcomer Stor-Age Property REIT has followed its November 2015 listing debut with strong growth momentum, despite the current turbulence in the local economy.

Growthpoint Properties’ Inanda Greens office park is the new home of two top names in business: Heineken and FirstRand Bank Limited.

Construction of the R3,5 billion Clairwood Logistics Park will begin within the first quarter of 2016, creating much needed employment and business opportunities within the South Durban Basin.

Last year was a mediocre one for South Africa: the JSE ALSI ended 2015 only 5.13% up over the 12 months and GDP growth was well south of 2% for the full year.

Investec Australia Property Fund (“IAPF” or the “Fund”) today announced its intention to undertake a partially underwritten rights offer to raise up to ZAR 690 million through the issue of 59,566,747 new units in the ratio of 23.54653 new units for every 100 units held.

SA investors may get their fingers burnt as they shift their money to offshore property stocks in a bid to counter the effects of a depreciating the rand.

Freedom Property Fund finalises appointment of directors Steven Maritz (Chief Executive Officer), Hugo Amos Lambrechts (Non-Executive Director), Dominique Nel (Executive Director and Alternate Financial Director) and Nicolaas Johannes Retief (Independent Non-Executive Director) following completion of background and qualification checks.

Emira Property Fund is undertaking a major R795 million redevelopment of its Knightsbridge Manor office park in Bryanston, Johannesburg, into a P-grade and leading-edge Green Star SA rated office complex.

The weeks-long relentless heat wave hitting South Africa provides a direct contrast to what is happening to the rand: a tsunami.

Texton Property Fund concluded an agreement to acquire a retail park located in a prime location in Camborne in the UK (“Camborne Retail Park”) for £9,850,000 at an acquisition yield of 6.40%.