Redefine International completes the acquisition of the Weston Favell Shopping Centre for GBP84m.

Accelerate Property Fund listed today on the main board of the Johannesburg Stock Exchange ("JSE"), in the "Real Estate – Real Estate Holdings and Development" sector.

The festive period is an important time for retailers but, with economic growth being relatively muted, James Templeton, CEO of Emira Property Fund, says the retailers and shopping malls are going to have to work hard for their share of increasingly cautious spending this festive season.

JSE's R249bn listed property sector delivers a muted 7.3% total return for the first 11 months of this year, some way off the 17.92% achieved by the All Share index over the same time.

Arrowhead Properties today announced that it has concluded an agreement with Standard Bank for the acquisition of 333 residential units at an aggregate purchase consideration of R150 million payable in cash.

Antoinette Coetzee, Retail Analyst at Redefine Properties is feeling somewhat upbeat about this year's festive season. 

Accelerate Property Fund raises R1.9bn by placing 385-million shares at R4.88 each prior to its listing on the JSE next Thursday.

Vunani Property will acquire the rental enterprise Wellington Road for R102.5m cash.

Vukile acquires a 34% stake in Synergy from Liberty Group Limited.

Ardor enters into a memorandum of agreement with AFPFL whereby AFPFL has agreed to effectively provide an underwriting platform for the reverse listing of Ardor.