Property Flash


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 […]

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 […]

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 […]