SA Reits expected to deliver income returns between 8% and 9% in 2025
January 13 2025 12:10 Ian Anderson, head of listed property and portfolio manager at Merchant West Investments andcompiler of the SA Reit (Real Estate Investment Trust) Association monthly Chart Book, said on Monday that he was forecasting that SA Reits would deliver 8-9% income returns in 2025, which would be a solid starting point for […]
Cape Town’s tallest building up for sale
January 10 2025 10:00 Portside Tower, source: Accelerate Property Fund Embattled JSE-listed Accelerate Property Fund, which lost billions of rand in perceived market value for investors under the stewardship of former CEO Michael Georgiou and managing director Andrew Costa, has been forced to sell Portside Tower and other assets. Accelerate is struggling with managing its […]
Listed property shines in 2024
January 6 2024 10:30 Keillen Ndlovu JSE-listed property stocks were the winners for 2024 in terms of traditional investments for South Africans, beating other equites, bonds and cash. Listed property as measured by the FTSE / JSE All Property Index achieved a 29.8% total return including dividends and share price growth in 2024. Bonds realised […]
Redefine says retail trading conditions are flying as people shop for groceries
December 17 2024 12:30 Centurion Mall SOUTH AFRICA Redefine Properties (JSE: RDF), one of South Africa’s largest real-estate investment trusts (Reit), said there has been an improvement in trading conditions in South Africa’s retail sector going into the 2024 holiday season. With positive trends in retail sales, rental renewal rates and visitor foot count, the […]
Growthpoint looks to the Western Cape and Umhlanga as Gauteng fails to inspire
December 6 2024 17:30 Longkloof Precinct SA’s largest landlord, Growthpoint Properties is expanding primarily in the Western Cape followed by Umhlanga in KwaZulu-Natal, as opportunities look the most attractive in these regions compared to other metropolitan areas in the country. Group SA CEO Estienne de Klerk had said in September that the V&A Waterfront, which […]
Burstone results confirm the group is on a trajectory to success
November 29 2024 16:15 Burstone CEO Andrew Wooler SOUTH AFRICA, EUROPE, AUSTRALIA JSE-listed Burstone Group, has become a fully integrated international real estate business, which recently announced half-year (first half of the 2025 fianncial year) results in line with guidance, reporting stable operational performances across its geographical businesses, despite earnings pressure from a high interest […]
Vukile’s Spanish and Portuguese portfolio to expand
November 26 2024 16:00 Laurence Rapp, CEO of Vukile Property Fund Vukile Property Fund, the JSE-listed real estate investment trust (Reit) is carefully allocating its capital as it looks to acquire the largest shopping centre in Spain’s Valencia province, Bonaire Shopping Centre, from multinational retail landlord Unibail-Rodamco-Westfield, as well as another Portuguese shopping mall before […]
Equites Property Fund Limited achieves its lowest ESG risk rating by Morningstar Sustainalytics to date
November 25 2024 21:45 Following the release of Morningstar Sustainalytics’ Environmental Social and Governance (ESG) Risk Ratings report, Equites Property Fund Limited announced that it has received an ESG risk rating of 8.0, which places the organisation in the “Negligible Risk” category, the best achievable tier. The risk rating score reflects the level of unmanaged risk for a company, with […]
Sirius Real Estate’s dividend climbs for the 22nd time
November 18 2024 21:45 Andrew Coombes, CEO of Sirius Real Estate GERMANY AND THE UK Sirius Real Estate has reported a 14.5% interim increase in funds from operations (FFO) while it has made acquisitions worth €141.5m (R2.457bn) in the six months to end-September.
Emira Property Fund is finding more opportunities abroad than locally
November 18 2024 15:00 Geoff Jennett, Emira CEO SOUTH AFRICA Emira Property Fund (JSE: EMI) which released financial results for the six months to end-September 2024 last week, said it was more likely to invest abroad than locally in the near to medium term. The diversified group which has already spread its investments out of SA […]