Property Flash


Sirius Real Estate completes four acquisitions in Germany and the UK

April 8 2024 20:50 Sirius completes four previously announced acquisitions in Germany and the UK, at a price of €110m (£94.25m), and disposes of a light industrial asset in the UK for £3m. The quartet increases Sirius’ UK BizSpace portfolio by more than 1.5 million square feet (139,000 square metres) of industrial space and add almost 72,000 square […]

Growthpoint Healthcare REIT adds Johannesburg Eye Hospital to its healthcare portfolio

April 4 2024 16:29 Growthpoint Healthcare Reit has completed the R106.4m acquisition of the Johannesburg Eye Hospital in Northcliff, Randburg, which has transferred to become the ninth asset and the second specialist healthcare facility in its portfolio. A top specialist eye hospital in South Africa, and arguably on the African continent, the Johannesburg Eye Hospital […]

Cape group Spear Reit acquires mixed R1.146bn property portfolio

April 3 2024 21:07 Spear Reit (SEA:SJ), the only regionally focused real estate investment trust listed on the JSE has acquired a real estate portfolio from diversified Emira Property Fund Limited worth R 1.146bn.  The acquisition, which consists of a diversified portfolio situated exclusively in the Western Cape, is part of Spear’s focused strategy of solely investing […]

Redefine concludes a R781m unsecured bond issue

March 14 2024 Real estate investment trust (Reit) Redefine Properties (JSE: RDF) raised R781m via a public bond auction, driven by demand from funder sand healthy liquidity in SA’s debt capital markets. The company said its bond issue was oversubscribed by 1.77 times, receiving R1.4m in bids that resulted in an allocation of R781m across […]

Growthpoint urges patience as interest rates expected to drop later in 2024

March 13 2024 Growthpoint Properties, SA’s largest landlord released financial results for the six months to end-December 2023 and said that some of its performance metrics have weakened in the face of a high interest rate environment globally. Things would improve when the interest rate decreasing cycle began, sometime after the middle of the year […]

The Namibian Property Association (NPA) launches

March 10 2024 As a number of players look to enhance Namibia’s real estate sector, the South African Property Owners Association (Sapoa) and Namibian counterparts have launched the Namibian Property Association (NPA). After a call to action from Namibian property owners in early 2020, Sapoa mobilised resources and experience to assist with the formation of […]

Grit’s 2.0 strategy in place as property fund remains the only LSE-listed pan-African landlord

March 9 2024 London-listed Grit Real Estate Income Group , a pan-African impact real estate company focused on investing in, developing and managing assets in African countries released interim results for the six months ended December 31 2023. Bronwyn Knight, CEO of Grit said: “Our unwavering execution of the Board’s approved Grit 2.0 strategy continued to gain traction, despite […]

Redefine poised to weather political uncertainty and market jitters, group says

February 27 2024 Redefine Properties, one of the largest South African landlords by assets should maintain strong metrics in 2024 despite political and economic uncertainty, its management said on Tuesday. The group released a pre-close update for the half-year to end-February 2024, in which it said positive operational metrics across its South African portfolio supported […]

Growthpoint Properties issues R1 billion 10-year bond

February 7 2024 Growthpoint Properties (JSE: GRT), which is SA’s largest real estate company with assets in SA, Australia, Romania, the UK and elsewhere worth more than R150bn, has issued a R1bn senior unsecured bond with a 10-year maturity. The offering came after strong investor interest in long-term Growthpoint debt, which sole arranger, Standard Bank, successfully completed as […]