Abundant opportunities in the land downunder
November 28 2023 This is a guest article by independent analyst, Keillen Ndlovu Arriving In Sydney I was last in Australia in 2018, before the world economy was effectively rest by the pandemic. Landing at Sydney Kingsford Smith Airport, one of the world’s oldest airports, after an 11.5-hour flight from Johannesburg, and adjusting to the […]
Burstone Group and Irongate announce JV acquisition with Phoenix as co-investor
November 22 2023 Burstone Group announced that its Australian joint venture (JV) with Irongate has acquired its first industrial property in New South Wales, Australia for A$57.25m (R680m. The Irongate JV will provide the 20% co-investment equity and the fund management capabilities for the deal. Burstone formed a joint venture with the management team of Irongate in March […]
IPF reborn as Burstone needs to win more love from investors as listed property goes back into vogue
November 17 2023 JSE-listed Burstone group’s financial results were not too keenly received on Thursday, with its share price falling around 5% by late trade on the day and then again by 2.59% on Friday. A new story Burstone was known as Investec Property Fund (IPF) until a couple of months ago. The group rebranded […]
Grit Real Estate looks to target impact assets with the support of new financiers
October 31 2023 London and Mauritius listed property company, Grit Real Estate is talking to a variety of financiers to help the pan-African group to raise money so that it can invest what it calls “impact assets” such as call centres, data centres and healthcare properties. Grit, which was previously known as Mara Delta, Delta […]
Inospace acquires landmark Paarden Eiland property from liquidated ship builder
October 26 2023 Inospace, an owner and operator of serviced last-mile logistics parks, has acquired a landmark A-grade industrial facility in Paarden Eiland for R75m from the liquidators of Nautic Africa, a shipbuilder. The vacant property, purchased at a rate of R8,900/m2, has a gross lettable area (GLA) of 8,400m2 under a 22-metre-high roof that offered space for […]
Game-changing proptech: Lisa smart leasing platform launches in South Africa
October 26 2023 Guest press release for Inospace Dutch-based technology platform Lisa BV will launch its smart leasing platform in South Africa after acquiring its core leasing technology platform from Inospace, the country’s largest last-mile logistics operator. Rael Levitt, founder and CEO of Inospace, announced Lisa’s breakthrough market entry and said Inospace entered into a three-year license agreement for Lisa to manage its half-a-million-square-metre […]
Sapoa helps Namibian property owners to establish industry body
October 6 2023 The South African Property Owners Association (Sapoa) is assisting the Namibian property owners in establishing the Namibian Property Association (NPA), an industry organisation similar to Sapoa. Last week, NPA’s first President, Ben Jooste, attended the 2023 SAPOA Annual Convention at Sun City. Sapoa CEO Neil Gopal said the organisation assisted the NPA in signing […]
Redefine Properties doubles down on ESG initiatives to foster business resilience
October 5 2023 This is a guest piece by Redefine Properties Redefine Properties (JSE:RDF) said on Wednesday in its 2023 ESG investor update that it is scaling up ESG initiatives to optimise performance and strengthen resilience in a challenging operating environment. “While there are signs of improvement, the environment in which South African real estate […]
Sirius Real Estate continues asset recycling programme with disposal of Kassel business park at premium to book value
October 3 2023 Sirius Real Estate, the JSE and London listed owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the UK, has sold a business park in Kassel, in Germany’s southwest Hesse region, for €7.3m, representing a net initial yield (NIY) of 6.0%. The disposal […]
Property Flash’s editor and chief writer, Alistair Anderson wins big at the South African Property Owners Association (Sapoa) journalism awards 2023
September 29 2023 Last week Thursday, Alistair Anderson, our founder, editor and chief writer, was awarded Features Writer of the Year by the South African Property Owners Association (Sapoa) for 2023. This was part of awards held annually at the conference. Anderson has been a runner-up in this category on multiple occasions and has also […]