The South African Property Owners Association (SAPOA) has expressed its support for the Department of Public Works' decision to seize misappropriated state properties.
Dipula Income Fund has recently acquired and taken transfer of four properties for a combined R265,6 million, comprising three retail centres and an office block.
The South African Council of Shopping Centres (SACSC) will host its fourth annual Research Conference, sponsored by Broll Property Group, for retail real estate professionals and retailers seeking to keep ahead with the latest retail trends.
Affordable US fashion brand, Forever 21 is set to open its first store on the African continent in Hyprop's Canal Walk. The 1 400m2 store will open mid-year.
South African shopping centres experienced an eventful 2013 festive season with their biggest trading month affected by a number of unexpected events, the most impactful being the passing of former president Nelson Mandela.
Retail property is expected to deliver better results to investors in 2014 with offices being the weakest commercial property subsectors this year, according to Dipula Income Fund CEO Izak Petersen.
Due to the high levels of competition and low returns for core products in the office and retail sectors, real estate investors are searching for investment opportunities in alternative use types, demonstrated in data released by IPD today.

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