Property funds have struggled to fill office vacancies this year with few companies seeking new office space, given the lack of new businesses opening in SA in a weak economy.
The most recent office vacancy report by the South African...
MADRID - The number of beds listed by online home rental services like Airbnb in Spain surpassed the number on offer by hotels last year, a study published by Spanish tourism sector body Exceltur showed.
REDEFINE Properties’ drawn-out battle to acquire Fountainhead Property Trust is nearing its end, with the two property funds yesterday jointly announcing a takeover agreement.
The transaction will see Redefine acquire the third ...
AFARI Investments, which focuses on township shopping malls, yesterday reported it grew its assets 31% from R1.3bn since listing in April last year to R1.7bn at the end of March.
Safari is developing a portfolio that might be sought a...
Safari Investments, which focuses on township shopping malls, on Wednesday described its maiden full-year financial results as "strong and steady", lifting its headline earnings per share to 54 cents from 30 cents.
SHANGHAI - Chinese property and entertainment giant Wanda Group, which formally took a 20 percent stake in Spanish football club Atletico Madrid in April, will buy at least three more sports companies this year, its chairman said.
ANDREW Costa is Chief Operating Officer at Accelerate Property Fund.
BUSINESS DAY: Accelerate Property Fund has delivered solid full year results recording a 47.7% return on equity for the year under review with a total distribution comi...
ACCELERATE Property Fund and its development partner, Fourways Precinct, plan to turn the Fourways shopping centre into a superregional centre of 170,000m², adding a further 90,000m² of new space in a major expansion.
DUBAI - The UAE property market is set for a soft correction after three years of sharp rises but a crisis is ruled out, Standard & Poor's ratings agency said on Monday.
A report said additional supply and lesser demand on the United...
Intu Properties, formerly named Capital Shopping Centres, announced on Monday a margin reduction and extension to the £352 million term loan within its secured group structure.
Following negotiations with lenders, the margin on the t...
Accelerate Property Fund on Monday saw its distribution per share jump to 49.21 cents for the full-year ended March 2015 from 13.77 cents, despite anaemic economic growth in SA and abroad.
Commenting on the results, the company said its ...
German business park owner Sirius Real Estate said on Friday it had appointed Canaccord Genuity as its joint corporate broker in the UK with immediate effect.
Canaccord Genuity would work alongside Peel Hunt, the company's nominated adv...
Investec Property Fund (IPF) has managed to raise R561m in an accelerated book-build in a move strategically timed before interest rates rise in SA and the US‚ according to CEO Nick Riley.
WHILE most large listed property funds have seen their strong share price runs of the past few years come to halt this year as investors sold bonds in anticipation of future interest rate hikes, a few smaller funds with specialised assets may still off...
THE Zone@Rosebank shopping centre is set to undergo an extensive redevelopment to the value of about R500m, its biggest revamp since it was built in the 1990s.
Retail property has outperformed industrial and office property since the ...
THE FTSE/JSE South African listed property index (Sapy) has lost 9.48% of its value since the beginning of March, mainly because of the sell-off in bonds this year, given investors’ belief that the US will raise interest rates for the first time...
FRANKFURT - Germany's leading real estate group Deutsche Annington said on Monday it has agreed to buy smaller, regional rival Suedewo for nearly 2.0 billion euros ($2.2 billion).
The group said it would conduct a 2.25 billion euro capit...
Stenprop, the property company listed on the Bermuda Stock Exchange and the JSE's AltX, on Thursday posted strong annual financial results, thanks to the "transformational" acquisition of Stenham's property portfolio.
A CONSORTIUM called Thavhani Property Investments is set to build a mall worth R950m in Limpopo, bringing a large retail centre to Thohoyandou, until now an undersupplied town.
A number of malls and community centres are being built in...
Europe-focused MAS Real Estate said on Monday it was pleased that its adjusted net asset value (NAV) per share lifted 4.3% to 114.5 euro cents as at March 31, 2015.
The continued growth in the NAV per share was attributable to the stron...
PARIS - Construction of the 1,100-kilometre (684-mile) TurkStream pipeline supplying Russian gas to Turkey will begin at the end of June, a spokesman for the Gazprom-backed project told AFP Wednesday.
Despite consumers’ seemingly waning appetite for retail therapy, at least 30 new shopping centres, varying in size from 5000m² right up to 120000m², are expected to open their doors this year and next.
Texton Property Fund‚ formerly Vunani Property Investment Fund, announced on Friday its CEO Rob Kane and finance director Marelise de Lange had resigned.
Both top executives would remain with the company until July 31 to facilitate...