Catchwords

DIVERCITY ANNOUNCES GROUP CFO DESIGNATE: THEO MASHABANE

From September 2022, Theo Mashabane has been appointed as Group CFO Designate for Divercity Urban Property Fund. Divercity’s former Group Financial Manager, Theo is a CA(SA) and a member of The South African Institute of Chartered Accountants. He has extensive experience...

5 September 2022

Atterbury and Truworths sign deal for a world-class Distribution Centre facility at King Air Industria, Cape Town

Truworths’ new world-class Western Cape distribution centre will be built in King Air Industria Cape Town, an Atterbury Property and Old Mutual Properties development. The landmark development project is a joint venture between King Air Industria and Truworths Limited.

2 September 2022

Boardwalk Mall to celebrate grand opening on 22 September ‘22

· The eagerly awaited Boardwalk Mall grand opening takes place Thursday, 22 September.

1 September 2022

Sandton Central is now even safer with new emergency medical response

Sandton Central Management District, which manages the public spaces of South Africa’s cosmopolitan financial capital, has contracted Night Guard, its tactical partner, for emergency medical response services in the public areas of its precinct.

25 August 2022

Vukile concludes oversubscribed R767m unsecured bond issue

Vukile Property Fund (JSE: VKE) has issued R767m of senior unsecured corporate bonds with three- and five-year maturities. Indicating significant market interest, the initial target issuance size of R500m was 4.6 times oversubscribed, attracting bids of R2.3bn, and the i...

25 August 2022

Growthpoint appoints George Muchanya as Head of Growthpoint Investment Partners

GEORGE MUCHANYA has been appointed Head of Growthpoint Investment Partners, the Growthpoint Properties (JSE: GRT) alternative real estate co-investment business, effective from 1 July 2022.

23 August 2022

Emira grows dividends off a base of consistent strategic delivery

Emira Property Fund (JSE: EMI) today announced growth in distributable earnings of 3.8% and a 1.0% increase in its cash-backed dividend of 119.79cps for the year to 30 June 2022. Its net asset value per share increased 7.3% during the financial year to 1,628.60cps.

17 August 2022

Growthpoint invests R50 million in solar-charged battery system to power Paarl Mall

Growthpoint Properties (JSE: GRT) is piloting a 4.5MW battery system at Paarl Mall in the Western Cape to store electricity for its continuous, cost-efficient power supply. This is the largest commercial battery installation in South Africa to date, and it will be partly...

16 August 2022

Emira’s Springfield Retail Centre relaunches a year after it is burned by looters

Emira Property Fund (JSE: EMI) has relaunched its Springfield Retail Centre in Durban, KwaZulu-Natal, a year after the centre was damaged by arson in the widespread looting and devastation of July 2021.

4 August 2022

Vukile acquires Pan Africa Shopping Centre and its future extension in a milestone R669 million transaction

Vukile Property Fund (JSE: VKE) has expanded its significant investment in South African township, rural and commuter shopping centres with its agreement to acquire the landmark Pan Africa Shopping Centre in Alexandra Township in Johannesburg, Gauteng, as well as the ass...

29 July 2022