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SA Reit Conference attracts a who’s who of the sector as Reits commit to optimism

February 28 2024 Recently the first South African Real Estate Investment Trust (Reit) Conference of the year was held at the Houghton Hotel in Johannesburg. It was really well-attended and the overarching message was for real estate businesses to be optimistic despite uncertainty around the country’s upcoming national election and volatility in certain large geographic […]

Delta Property Fund censured

February 19 2024 Delta Property Fund, the office owning landlord which focuses on renting to sovereign tenants is facing more challenges as it to tries to attract new investors and grow its liquidity. The JSE announced last week that it would censure Delta publicly for breaching listings requirements under its previous executive management, which included […]

Accelerate Property Fund likely to be taken over and delisted amid a litany of ills

January 8 2024 JSE-listed landlord, Accelerate Property Fund has largely disappointed in recent years with an ill-fated European investment strategy and its flagship retail mall, Fourways Shopping Centre (which it majority owns) having cost millions to upgrade. Critics have explained that the mall’s redevelopment went heavily overbudget. The largest shopping centre in Africa has had […]

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 […]

UK healthcare property fund to list on the JSE on October 24

October 19 2023 The second company to list on the JSE in 2023 is UK-based Primary Health Properties (PHP). It’s been the dream of many an ambitious property investor to create and then list a specialised healthcare real estate investment trust (Reit) in South Africa. Growthpoint Properties, which is SA’s largest real estate company has […]

Rebosis to be wound up in a few months as business rescuers sell its assets

September 27 2023 By Alistair Anderson Rebosis Property Fund, the office owner is facing an inevitable death in the next few months. The group which has struggled to pay interest costs on close to R10bn in debt is coming to the end of a business rescue process which began in August 2022. It announced on […]