Property Flash


Parket – Advanced parking technology makes strides in South Africa

Joshua Raphael, founder of Parket You can now live in a world where the cumbersome chore of finding and paying for parking becomes a seamless, effortless part of your day, thanks to the ingenuity of a visionary founder and his team of elite software engineers. Over the past five years, entrepreneur Joshua Raphael has led […]

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 […]

Several hats in the ring for Gupta-linked Sandton Gautrain plot 

April 3 2024 With days to go until the closing date for tender bids on the land above the Sandton Gautrain Station, there has been interest from local and international parties including hospitality companies, international investors, pension funds and private investment companies. Located on the corner of Rivonia Road and West Street, Sandton, opposite Sandton City, […]

Positive shifts in SA’s dynamic office property market

March 19 2024 Demonstrating ongoing resilience and adaptability, positive shifts in the South African office property market as outlined in the recent South African Property Owners Association (Sapoa) Office Vacancy Survey, underline the potential for optimism in 2024, including a reduction in vacancies across the country, said Andrew Dewey, MD of Swindon Property. SA’s office […]

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 […]

Attacq’s focused strategy continues to yield results

March 12 2024 Attacq Limited (Attacq), the JSE-listed real estate investment trust (Reit) and strategic development partner in Waterfall City, on Tuesday released its interim financial results for the six months to end-December 2023, and reported a 2.8% increase in distributable income growth per share to 36.9c (Dec 2022: 35.9c) and an interim dividend of 30.0c per […]

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 […]