Property Flash


Calgro M3 announces its biggest development yet – In between Waterfall and Sandton

April 4 2024 17:17 JSE-listed integrated residential property and memorial parks developer Calgro M3 has launched its most ambitious project to date, having bought a parcel of land in Bankenveld District City, Gauteng. Calgro M3 said it would exercise of an option to take up the transformative project on the doorstep of Sandton. On March 1 2024, the […]

Emira boosts its liquidity with R1.1n Cape property portfolio sale

April 2 2024 13:00 Emira Property Fund (JSE: EMI) will sell almost all its wholly owned Cape Town properties in a R1.1bn transaction, which will create liquidity for Emira. Spear Reit, which invests exclusively in the Western Cape, will take ownership of the 13 properties in the portfolio. The portfolio includes six office properties, five industrial facilities […]

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 […]

Hyprop Investments hoping for a return to form

March 27 2024 Blue-chip shopping centre landlord Hyprop Investments is optimistic that it will gain more momentum in the second half of its financial period for the year to end-June 2024. The group recently reported that its South African and East European malls had performed well but its African malls had been problematic because economic […]

Property Flash’s Alistair Anderson and Classic Business’ Michael Avery launch new fortnightly podcast feature: Another Brick in The Wall

March 26 2024 Property Flash has launched a top-end podcast feature called Another Brick in the Wall which is featured on Classic Business, the podcast managed by seasoned journalist and broadcaster, Michael Avery. Our editor, Alistair Anderson and Michael discuss listed real estate investment trusts (Reits) and other property companies and trends. Another Brick in […]

The Lancaster loses anchor tenant Pick ‘n Pay

March 25 2024 Pick ‘n Pay’s struggles are becoming apparent with the retailer’s store in Craighall Park closing down permanently a few days ago. The retailer had been an anchor tenant at The Lancaster Shopping Centre for decades. It leaves The Lancaster with very few tenants. It has Top Deck which is a retailer of […]

Shaftesbury enjoys a superb 2023

March 19 2024 In exciting news, Shaftesbury Capital, a JSE and London-listed real estate investment trust (Reit) which owns London assets in districts such as Covent Garden, Carnaby Soho, Chinatown and Fitzrovia, enjoyed a much improved performance in 2023 compared with 2022. Today, Shaftesbury’s portfolio includes retail, hospitality and leisure offices and residential properties in […]

Resilient Reit’s earnings take a beating in the year to December 31 2023 but NAV climbs

March 14 2024 JSE-listed shopping centre landlord and investor, Resilient Real Estate Investment Trust (Reit) reported in its financial results for the year to December 31 2023, that its dividend per share had fell 31.79% in the year to end-December 2023 to 406.24c compared with the comparable period to end-December 2022’s 438.03. But the group’s […]

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 […]