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Property & Real Estate

Weekly top stories


Affluent Africa drives demand for property
The number of Africans with $30 million in assets - the ultra high net worth individual - is anticipated to rise by 53% to 2,858 by 2023, far outstripping the average pace of growth across the rest of the world... read more>>



Property
Business invited to enter annual awards
The Department of Trade and Industry (dti) is inviting South African businesses to submit their entries for the 3rd Annual South African Premier Business Awards... read more>>
Commercial
Putprop plans rights issue

Marc Hasenfuss

Low-key property firm Putprop - whose biggest tenant is the subsidised bus company Putco - will embark on a concerted diversification drive after a surprise announcement of a R100m rights issue this week. read more>>
Tower 'is too small for a single specialist focus'
Tower Property Fund CEO Mark Edwards discusses interim results and the necessity of diversification‚ which is good for company's risk profile‚ in this interview conducted on 6 February... read more>>
Rockcastle clinches Polish deal

Alistair Anderson

Rockcastle Global Real Estate has concluded its first acquisition in Poland‚ a fast-growing attractive economy which it has selected as a major component of its direct property strategy... read more>>
Stenprop makes first disposals and acquisitions since listing

Alistair Anderson

Stenprop, a property company listed on the Bermuda Stock Exchange‚ with a recently achieved secondary listing on the JSE's AltX, on Monday announced the sale of its multi-let office building Chiswell Street asset in London and the purchase of Trafalgar Court‚ another office building in Guernsey... read more>>
Tower Property grows earnings 59%

Alistair Anderson

Cape-based Tower Property Fund grew its distributable earnings 59% to R63m over the six months to November... read more>>
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