Fairvest Property Holdings Limited (“Fairvest”) today announced a full year distribution of 16.660 cents per share, which represents a 10.29% increase on the comparable period and again exceeded the guidance previously issued.

Statistics South Africa (Stats SA) Deputy Director-General Joe de Beer says the country’s headline figure, the real gross domestic product (GDP), grew by 3.3% in the second quarter of 2016.

Growthpoint Properties CEO Norbert Sasse is concerned about the extent of the negative effects that a looming sovereign credit ratings downgrade will have on SA’s economy.

JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) has successfully raised Euro 150 million through the launch of a five year exchangeable bond programme to be listed on the Frankfurt Stock Exchange, with the proceeds to be used in part settlement of the bridge facility used to fund its recent investment into Poland.

Shareholders are advised that a wholly owned subsidiary of Freedom, Ivory Sun Trading 115 Proprietary has entered into a sale agreement to dispose of  West Park Palms  property.

The highly-anticipated R1 billion Thavhani Mall at Thavhani City in Thohoyandou will officially open on 24 August 2017, bringing world-class shopping to this bustling Limpopo town.

The Coega Development Corporation (CDC) on Tuesday hosted a sod turning ceremony to mark the R11 billion investment by the Beijing Automobile International Corporation (BAIC) at the Coega Industrial Development Zone.

Waterfall – ATTACQ has received the MSCI South Africa Real Estate Award in 2016 for best performing property fund in the office sector from MSCI, a leading provider of research-based indexes and analytics, at the 14th MSCI Real Estate Conference at the Table Bay Hotel in Cape Town. Attacq achieved a return of 16.5% and thus securing the top honours in the office sector.

JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) has announced its intention to acquire the entire issued share capital of The Pivotal Fund (JSE: PIV).

Diversified property REIT, Texton Property Fund (“Texton”) today announced robust final results for the year ended 30 June 2016, declaring a total dividend of 103.63 cents per share (2015: 94.77 cps), a 9.4% increase, following the successful implementation of its diversification strategy geographically into the United Kingdom (UK) and across sectors.