Catchwords

Growthpoint Student Accommodation REIT thrives, adding R1.5bn of assets in two years

Two years since launching, Growthpoint Student Accommodation REIT has introduced R1.5bn in new investment to this alternative property sector, added 4,000 new beds for students and created a strong pipeline of future developments. Its demonstrated execution has expanded ...

29 April 2024

Flanagan & Gerard and Vukile take ownership of BT Ngebs City in R800 million deal

BT Ngebs City in Mthatha, Eastern Cape, has transferred into the skilled hands of its new retail property specialist co-owners, Flanagan & Gerard Property Group and Vukile Property Fund (JSE: VKE). The process for the R800 million acquisition began in 2022 and has no...

23 April 2024

Vukile secures R1.1bn in green and sustainability-linked funding with Absa

JOHANNESBURG, SOUTH AFRICA, 18 April 2024 — Vukile Property Fund (JSE: VKE), the specialist retail real estate investment trust (REIT) has secured R1.1bn of funding through an innovative green loan and sustainability-linked loan with Absa. The loans, which are refinancin...

18 April 2024

A rallying cry from the South African real estate sector

A rallying cry from the South African real estate sector

17 April 2024

Parkdene Boulevard redevelopment bolsters growth of Boksburg node

Upgrade and expansion of landmark shopping centre to elevate retail convenience

11 April 2024

Growthpoint Healthcare REIT adds Johannesburg Eye Hospital to its growing portfolio of healthcare properties

JOHANNESBURG, SOUTH AFRICA, 4 April 2024 - Growthpoint Healthcare REIT has successfully completed the R106.4m acquisition of the Johannesburg Eye Hospital in Northcliff, which has transferred to become the ninth asset and the second specialist healthcare facility in its ...

4 April 2024

Emira boosts its liquidity with R1.1 billion Cape Town property portfolio sale

Emira Property Fund (JSE: EMI) has agreed to sell basically all its wholly owned Cape Town properties in a sizeable R1.1 billion transaction, which will create significant and immediate liquidity for Emira to pursue its strategy.

2 April 2024

SAMRRA unlocks data for investment into the multifamily residential property asset class

JOHANNESBURG, SOUTH AFRICA, 2 April 2024 - Multifamily residential rental property is set to become a mainstay of the South African intuitional investment landscape, driven by the consistent performance of this real estate asset class, its low volatility, and its foresee...

2 April 2024

Development of Cape Town’s The Rubik nears completion

CAPE TOWN, SOUTH AFRICA, 20 March 2024 - Cape Town's skyline is reaching new heights as The Rubik, a dazzling luxury apartment complex in the heart of the CBD, has reached the peak of its vertical ascent. With 27 levels of premium living and commercial spaces, The Rubik’...

20 March 2024

Despite strong investment-wide operational performance, Growthpoint dividend declines for HY24

Growthpoint Properties Limited (JSE: GRT) reported robust operational results across its local and international investments for the six-month period ended 31 December 2023, with a stellar performance from the V&A Waterfront and its South African portfolio showing st...

14 March 2024