Vukile concludes oversubscribed R796m unsecured bond issue at record low pricing
August 23 2024 16:00 SOUTH AFRICA AND SPAIN Vukile Property Fund, the JSE-listed real estate investment trust (Reit) which invests in retail centres has issued R796m of senior unsecured corporate bonds. These have three, five and six and a half year maturities. Strong demand from the market was seen as R2.7bn was ultimately issued, being […]
The Most Comfortable Cities for Singles: 2024 Study
August 202 2024 17:56 A recent study by The Perfect Rug analysed nearly 30 cities to identify the best places for singles looking for comfortable living conditions. Key factors considered included the average size of one-bedroom apartments, building age, rent prices, cost of living and safety index, sourced from the latest reports on Numbeo. Walkability scores were obtained from the Walk Score website. These factors were used to calculate […]
Nicci Celebrates the Grand Reopening of its Hyde Park Store
July 22 2024 17:00 Nicci Boutiques has announced the reopening of its flagship store in Hyde Park Corner, Johannesburg. As a long-standing fixture in one of South Africa’s oldest shopping centres, Nicci wants to improve the shopping experience for its customers with a transformed and updated store. Nicci has been an integral part of the Hyde Park […]
Protea Hotels by Marriott strengthens footprint with two new openings
July 9 2024 11:30 To celebrate its 40th birthday, Protea Hotels by Marriott announced the opening of its first property in Angola while strengthening its portfolio in South Africa with a new property in Pretoria. The additions, Protea by Marriott Luanda and Protea by Marriott Pretoria Hatfield, will offer business and leisure travellers the chance to […]
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 […]
Vukile Property Fund says malls that haven’t been on the market for years will soon be up for sale
November 29 2023 For the first time in a few years landlords are putting some high-quality low vacancy shopping centres up for sale, Laurence Rapp, CEO of Vukile Property Fund, said on Wednesday. While it may be challenging to buy many of these retail assets given the cost of finance and high interest rates, there […]