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 […]
Property Flash’s editor and chief writer, Alistair Anderson wins big at the South African Property Owners Association (Sapoa) journalism awards 2023
September 29 2023 Last week Thursday, Alistair Anderson, our founder, editor and chief writer, was awarded Features Writer of the Year by the South African Property Owners Association (Sapoa) for 2023. This was part of awards held annually at the conference. Anderson has been a runner-up in this category on multiple occasions and has also […]
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 […]
Major Free State retail centre for sale as Bloemfontein battles with low economic activity
September 15 2023 Bloemfontein’s Loch Logan Waterfront is up for sale by closed tender; the biggest asset which Broll Auctions and Sales has taken to market in their 40-year history. It’s interesting that an asset like this is for sale while SA wallows in weak economic times. Broll said listed funds were interested in buying […]
Is Resilient Reit set to be a very different property group as founder Des de Beer retires from CEO role?
September 8 2023 Resilient Real Estate Investment Trust (Reit) which was formed 21 years ago is set for change as its founder and CEO Des de Beer steps down. The property magnate who started life as a banker, has made billions of Rand for his investors and himself. The group listed at R500m in 2022 […]
RMH directors slag off Atterbury as shareholder meeting goes live early
July 12 2023 RMB Holdings (RMH) and developer, Atterbury’s relationship appears to be in tatters as the two remain in a dispute over a R487m loan. While RMH’s CEO Brian Roberts on Tuesday said in a live call with shareholders that the two parties would eventually solve their quarrel and that Atterbury was still an […]
Resilient Reit’s dividend falls in 2022 financial year as company disappoints investors
JSE-listed Resilient Reit, the company that refuses to be interviewed by Alistair Anderson, the editor of Property Flash, disappointed in the year to end-December 2022, as its dividend fell 3.2% year-on-year. The company’s board declared a dividend of 203.98 centres per share for the six-month period to end-December 2022. The total dividend for 2022 of […]
Basically any commercial property owner in South Africa expects loadshedding to worsen and there is no solution in sight
March 17 2023 I recently was told that more than 90% of commercial property owners believe electricity loadshedding will worsen in 2023, as SA slips closer to being a failed state. Property Flash was sent a survey conducted in March by the South African Property Owners Association (Sapoa), which showed that its members which are […]
Cyril’s cabinet shuffle is limp on paper but some of the changes may bode well for real estate
March 7 2023 On Monday night, god shuffled his feet à la the Crash Test Dummies album and Cyril Ramaphosa shuffled his cabinet. South Africans had been eager to see ministerial changes for years as service delivery worsened over the years. A number of ministers have been involved in all sorts of gaffes including Nathi […]