Property Flash


DPM to flex its expertise at rental management services

DPM, the leading Western Cape commercial real estate manager has expanded its offering to include rental management as the group grows from strength to strength. DPM Rental Services formally launched at the end of January to give more top-class property owners assistance in rental management. However, DPM has been doing the rental management of some […]

Dis-chem founders sell their head office to company for nearly half a billion rand

January 31 2024 The Dis-chem head office and distribution centre in Midrand has been sold. Dis-chem was paying about R4.6m in rent each month. Dis-chem as a group will own all of its offices and distribution centres. Before the sale, the property was owned by Columbia Falls Properties 7 which is owned by Adventures Trust. […]

Fortress’ shareholders have approved scheme of arrangement to simplify fund’s capital structure

January 22 2024 A proposed scheme of arrangement between JSE-listed Fortress Real Estate Investments and its shareholders has received the requisite level of support. Fortress is a landlord which owns industrial logistics and commuter retail properties. The company’s shareholders approved the scheme which will see Fortress’ dual capital structure being simplified into a single class […]

Gauteng is still SA’s commercial property sector powerhouse

This is an opinion piece by Scott Thorburn, Redefine Properties’ national asset manager for offices.  January 22 2024 Although attention has been drawn to Cape Town’s commercial real estate industry’s swift post-Covid recovery, Gauteng, the nation’s economic engine, is faring better than some may have thought, with occupancies coming down and rentals on the rise […]