Sirius raises €350m
January 16 2025 14:45 Chris Bowman JSE-listed Sirius Real Estate has raised €350m in a senior unsecured corporate bond issue, approximately five times oversubscribed. Sirius which has been listed on the JSE for more than a decade, invests in German and UK business parks and storage businesses. Sirius is a currency hedge for South African […]
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 […]
Growthpoint and Tricolt announce Olympus, a bold new mixed-use development a few days after keeping mum about Sandton
December 12 2024 17:15 Last week SA’s largest landlord, Growthpoint Properties was mum about developing in Gauteng. The company’s SA CEO, Estienne de Klerk told Property Flash on a Cape Town tour that the bulk of the group’s work was in the Cape. He said the Sandton-based company would of course still look for opportunities […]
Another Brick in the Wall meets Ask Ash
December 9 2024 21:10 SOUTH AFRICA Hello there! Our latest episode of Another Brick in the Wall has been released and is available at iono.fm: https://iono.fm/e/1509102 and on Spotify : https://open.spotify.com/episode/3watWd4IjRwwZORQ596Atb. In this episode, we chat to Ash Muller of AskAsh. She is a trailblazer of a broker and has built an impressive presence on social media. She is considered to […]
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 […]
The South African commercial real estate market has surged to nearly R2-trillion
December 6 2024 10:45 Despite the Covid-19 pandemic, inflation-fighting interest rates and slow economic growth, South Africa boasts the largest commercial real estate (CRE) industry in Africa. If recent reforms persist, interest rates continue to lower and key metros stabilise, a long-awaited commercial property boom could follow. According to Gmaven, a provider of real estate […]
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 […]
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 […]
Dipula Income Fund remains patient as the values of its properties jump
November 14 2024 11:15 SOUTH AFRICA Dipula Income Fund, the JSE-listed real estate investment trust (Reit) which invests in a mix of commercial properties, might have been cautious to make to acquisitions in the past few years but its decision to focus on improving its existing portfolio appears to have paid off. Dipula (JSE:DIB) released […]