Stenprop buys UK property estate for R408m

Purchase keeps real estate investment trust on track to be soley focused on multi-let industrial parks by the end of March 2022

Europe-focused Sereit lifts quarterly dividend on improved growth outlook

The value of Sereit’s directly held properties rose 2.3% or €5.6m, driven by exposure to industrial, data-centre, DIY and grocery sectors

BL PREMIUM
Zenprop lying about River Club project, says professor

UCT Prof Leslie London, chair of the Observatory Civic Association, says the development  will destroy Khoisan heritage

BL PREMIUM
Attacq sells stake in two industrial properties to Equites

Attacq CEO Jackie van Niekerk says the group is working on optimising its capital structure

Property investors bet on back-to-office trend in Europe

Investor interest in offices is increasing as warehouses start to look expensive

Divercity secures R500m in development finance

The developer aims to construct and manage more than 2,500 inner-city residential units over the next five years

BL PREMIUM
Amazon office developers keep Cape Town’s heritage in mind

The R4bn project in Cape Town will honour the First Nations of the Western Cape

BL PREMIUM
Listed property topped investment classes in first half as lockdowns eased

The R380bn sector won back investors’ love as the all property index rallied 20%, outmuscling equities, bonds and cash

BL PREMIUM
Delta Property Fund says legal wrangles will not derail it

The landlord that collects 80% of annual revenue from state tenants says it is in a healthy position despite legal fights with former CEO and founder

BL PREMIUM
Delta hopes for a return to JSE

Reit hopes its suspension will be reversed following stabilisation after a turbulent year

BL PREMIUM
Durable assets shore up profitability at Safari Investments

Total comprehensive income increases 149% as essential goods keep retailers afloat

BL PREMIUM
Accelerate fails to pay dividend for first time

Group’s assets have lost more than R1bn in value in the past two years as vacancies rise

BL PREMIUM
Developers bank on SA’s millennials buying swanky apartments

New sectional title schemes are on their way to SA as developers hope first-time buyers will invest in lock-up-and-go apartments when the economy recovers

Industrial property starting to become expensive as demand eases

Industrial rental rates and asset values are tapering off after a strong run

BL PREMIUM
Landlord Fortress pins its future on logistics

Group will develop 200,000m² of high-end parks space in the next year to eighteen months

BL PREMIUM
Growthpoint’s diverse investment base sees it through Covid storm

The company has kept its relative debt levels in check as certain markets where it has invested managed to reopen after a strong vaccination roll-out

BL PREMIUM

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.