Spear raises R457m of capital to complete Emira deal
September 16 2024 15:30 Spear, the real estate investment trust (Reit) focused on investing in real estate within the Western Cape, completed an equity capital raise of R 457.75m via a vendor consideration placement. This announcement follows the recent unconditional status of the acquisition of Emira Property Fund’s Western Cape portfolio. The vendor consideration placement will […]
Property Flash wins big at the South African Property Owners Association (Sapoa) journalism awards 2024
September 6 2024 18:20 SOUTH AFRICA Last night, Property Flash (propertyflash.co.za) was awarded Property News Website of the Year – Runner-Up by the South African Property Owners Association (Sapoa) for 2024. This was part of awards held annually at the conference. The conference took place at Sun City, South Africa from Tuesday until Thursday night. […]
Fortress Real Estate Investments shows its operations are on the up
June 26 2024 21:45 Fortress Real Estate Investments has released a pre-close operational update for the period from January 1 to May 31 2024. The South African logistics portfolio vacancies, based on rentals rentals, increased from 1.1% as at December 31, 2023, to 2% as at May 31. Lower vacancies have stemmed from healthy tenant demand for […]