Customers flock to opening of mammoth Mall of Africa
By Alistair Anderson South Africans’ desire for new shopping centres has been insatiable‚ and another mall has entered the fray. After months of anticipation‚ the R4.9bn Mall of Afr…
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How serendipity led Wainer to megadeal
A SOUTH African and a Pole walk into a bar in London. The one, Marc Wainer, a huge rugby fan and chairman of Redefine Properties, was nursing his sorrows after the Springboks were thrashed by New Zeal…
Kruger goes Disney
THE growth of the black middle class has prompted SANParks to build luxury hotels in Kruger National Park. The latest is a luxury lodge near Malelane, to be operated by the Radisson Blu hotel group.…
Redefine confident it can deliver strong payouts
UK-based property fund Redefine International grew its dividend per share 1.6% in the six months to February, in line with targets. The company was on course to deliver strong income payouts, CEO Mike Watters said on…
Mall of Africa to open its doors to array of local and global tenants
LISTED property group Attacq opens the R5bn 130,000m² Mall of Africa on Thursday, hoping to serve an insatiable demand by South Africans for shopping centres. The mall in Waterfall City, Midrand, off…
SA investors looking to own a piece of UK real estate
A investors looking to own a piece of the UK real estate market are becoming spoilt for choice, as the JSE’s property sector continues to grow its exposure to Britain. Last week, both New Frontier…
Accelerate moves into Austria and Slovakia
By Alistair Anderson Accelerate Property Fund has joined a host of South African funds investing in central and eastern Europe, announcing a R2.3bn property deal that includes retail assets in Austria a…
Nxesi claims success in property retrievals
CAPE TOWN — Public Works Minister Thulas Nxesi yesterday claimed significant success in retrieving state property that had been stolen or occupied illegally. His department is investigating the stat…
Hospitality offers Tsogo Reit benefit
GAMING and leisure group Tsogo Sun is set to gain the income benefits of having a portion of its hotel assets in a real estate investment trust (Reit) structure when it gains control of Hospitality Property Fund.…
Redefine Properties’ Polish deal impresses market analysts
OUTH African property funds are increasingly looking abroad, and Europe’s fastestgrowing economy, Poland, is a top destination for many. Given its aspirant young population and growing market for b…