WATCH: How a focus beyond SA’s borders has benefited Growthpoint

Growthpoint CEO Norbert Sasse talks Business Day TV about the company’s interim results and international strategy

Growthpoint’s rental income snags on weak economy

Growthpoint said all three of its market segments were affected — the first time this has happened in its 18-year history

Growthpoint declined Edcon’s request for a rental reduction

The property company provided a cash injection in return for an equity stake, but says cutting its rent would not be in line with its strategy

Growthpoint warns of little to no growth from SA properties

The real estate investment trust says it will have to rely on its international properties for growth due to deteriorating conditions in the local property ...

Stor-Age raises R585m, albeit at a discount to its share price

The proceeds of the capital raise will be used, in part, to acquire existing trading properties in the UK and fund new development sites in SA

Stenprop expands in the UK with trading estate purchase

The move comes after its announcement two years ago that it is to become a UK-focused business in the multi-let industrial area 

Stor-Age makes another UK acquisition

CEO Gavin Lucas says the group worries about Brexit but operates in an area that shows resilience to economic downturns

Female executives try to bring more women into property

The largest barrier to entering the industry is a lack of knowledge about it

SA Corporate to sell down office portfolio

Diversified property fund will focus on buying new residential and industrial properties

FSCA clears Resilient property stable of insider trading

FSCA probe into market manipulation and misleading reporting is ongoing

Struggling Texton needs help from board to get out of its mess

CEO says property fund need an injection of capital to make better investments

Attacq writes down asset values in the rest of Africa

The group looks at ways to introduce liquidity before loans come due in 2020

Attacq lifts distributable earnings

But the group’s net asset value per share fell partly because of impairments against its assets in the rest of Africa

Failure to sign leases has cost the state R3bn over three years

Each year the state has lost R1bn because it has not signed a long-term rental framework which offered rentals at lower rates than it currently pays

Luxury apartment block sold for R400m at Waterfront Marina

Largest residential sale yet at V&A Waterfont Marina 


Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.