Catchwords

Reuel Khoza becomes a shareholder in Flanagan & Gerard

Distinguished South African businessman Reuel Khoza has become a shareholder in shopping centre investor and developer Flanagan & Gerard Property Group.

13 February 2024

South African Multifamily Residential Rental Association (SAMRRA) launches

JOHANNESBURG, SOUTH AFRICA, 31 January 2024 – The multifamily residential rental property sector in South Africa now has its own representative association, which has launched with the weight of 13 members representing more than R40bn in property assets and over 75,000 r...

13 February 2024

Growthpoint Properties issues R1 billion 10-year bond

JOHANNESBURG, SOUTH AFRICA, 7 February 2024 – Growthpoint Properties (JSE: GRT) has issued a R1bn senior unsecured bond with a 10-year maturity. The offering came after strong investor interest in long-term Growthpoint debt, which the sole arranger, Standard Bank, succes...

8 February 2024

Growthpoint signs landmark wind-hydro-solar PPA deal with Etana Energy, with hydroelectricity from Serengeti Energy

JOHANNESBURG, SOUTH AFRICA, 30 January 2024 – Growthpoint Properties (JSE: GRT) has entered into a milestone Power Purchase Agreement (PPA) with Etana Energy for 195GWh* of renewable energy a year, representing 32% of its total current annual electricity consumption (612...

30 January 2024

Emira concludes the acquisition of Transcend

Emira Property Fund (JSE: EMI) has finalised a scheme of arrangement resulting in Transcend Residential Property Fund becoming wholly owned by Emira.

29 January 2024

Emira plants for the years ahead

Eco-friendly, green and relaxing – trees and plants benefit everyone. They bring more biodiversity to big cities, reduce CO2 emissions, feed people and attract pollinators that are vital for food security and environmental sustainability.

10 January 2024

Greenovate Awards 2023 property, engineering and proptech winners

Independent start-up Oelinga won the first-ever proptech award of the Greenovate Awards, which recognise and reward innovative, sustainable solutions by young talent in the built environment. The University of Cape Town (UCT) won the top prizes in both property and engin...

13 December 2023

The first units are snapped up at Growthpoint’s new Arterial Industrial Estate development in Blackheath, Cape Town

Growthpoint Properties (JSE: GRT) has let the first two of six units in phase one of its new Arterial Industrial Estate development in Cape Town to Jotun, one of the world’s leading paints and coatings manufacturers.

12 December 2023

Proparco and 27four support Divercity to expand access to affordable housing in South Africa

Proparco, the French development finance institution, and 27four, a South African investment manager, led R550m investment in Divercity Urban Property Group alongside reinvestment from its existing shareholders. The investment is intended to fund portfolio growth and bal...

11 December 2023

VUKILE DELIVERS A 10% INCREASE IN CASH DIVIDEND AND UPS ITS FY24 GUIDANCE

Vukile Property Fund (JSE: VKE) has reported an impressive 10.0% increase in its cash dividend to 52.1cps for the six months to 30 September 2023 and 5.2% growth in its funds from operations (FFO) to 85.0cps. The consumer-focused retail real estate investment trust (REIT...

29 November 2023