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 […]
Vukile Property Fund has acted swiftly with resignation of Babalwa Ngonyama from its board
November 23 2023 Former UCT chair of council Babalwa Ngonyama resigned from the board of Vukile Property Fund after damning findings against her by a panel that looked at governance lapses at the university. Vukile, a retail specialist landlord can be relieved as the group looks to continue to be one of the best governed listed property […]
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 […]
Emira Property Fund feels the pressure as the cost of operating in South Africa bites
November 16 2023 The diversified real estate investment trust (Reit), Emira Property Fund found it tough going in the six months to end-September 2023, its financial results for that reporting period showed this week. The company which owns a mix of buildings including 9 Long Street and 80 Strand Street offices in Cape Town, Boskruin […]
Dipula Income Fund sees its share price climb as it simplifies its business in 2023 financial year
November 15 2023 Dipula Income Fund, the JSE-listed fund led by CEO Izak Petersen has solidified its position as a landlord which pays out regular dividends. The group is a diversified real estate investment trust (Reit) which owns a R9.8bn portfolio of 170 retail, office, industrial and residential rental assets countrywide. Convenience, rural and township […]
Luxury brands top mall trading densities – Clur Index
November 14 20213 This is a guest article for Clur International Despite a weak economy, trading densities of stores selling luxury brands in South African shopping centres are dwarfing all other dominant merchandise categories. This emerges from the newly launched Clur Luxury Brands Index. This is an addition to the Clur Shopping Centre Index which […]
Redefine Properties’ Polish personal storage to be worth billions in a few years time
November 6 2023 Redefine Properties, one of SA’s largest landlord aims to grow its personal storage business to be worth at least R2bn in five years’ time. CEO Andrew Konig explained this after releasing financial results to the year to end-August 2023. Redefine (JSE:RDF) and Polish group, Griffin Capital Partners, which is a private equity […]
Is Octodec a takeover target?
November 3 2023 Octodec Investments, the JSE-listed diversified landlord which tends to invest mostly in the inner cities of Johannesburg and Tshwane, released financial results for the year to end-August 2023, in which it grew its dividend per share 3.8% to 135 cents from 130 cents. This is while numerous other listed property funds have […]
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 […]