Asset News Hub

2026-05-26 07:17:00.0

Stefanutti Stocks posts R7.8bn contract revenue, R689m operating profit after Kusile settlement

“The group delivered a strong performance supported by the recognition of the Kusile Power Project Settlement. The funds received from the Kusile settlement and the disposal of SS-Construções (Moçamb...

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2026-05-25 09:39:00.0

Cape Town’s property industry called to register on the City’s Spatial Planning Database

Post registration, the municipality’s Urban Planning and Design Department will commence with community engagements in each district. The eight districts to be reviewed are Table Bay, Blaauwberg, Nort...

by PropertyWheel_G.

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2026-05-25 09:09:00.0

Growthpoint, Etana Energy & City of Cape Town launch pooled renewable electricity wheeling

Growthpoint Properties, Etana Energy, and the City of Cape Town have implemented the first pooled wheeling of renewable electricity across multiple properties within the City’s municipal network. The ...

Asset News Hub

2026-05-24 22:00:00.0

Exemplar REITail reports 15.3% year‑on‑year increase in distribution

Exemplar REITail has declared a full-year distribution of 176.90 cents per share for the year ended 28th February 2026, representing 15.3% growth on the prior year and an 11.8% compound annual growth ...

by PropertyWheel_G.

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2026-05-24 22:00:00.0

New SA REIT Best Practice Recommendations align disclosures with global REIT standards

The SA REIT Association has released the Third Edition of its Best Practice Recommendations (BPR) – framework that governs how each of its members measures and reports financial and operational perfor...

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2026-05-21 22:00:00.0

Spear REIT to acquire premium Tygervalley office portfolio

Spear REIT Limited is acquiring a premium grade office portfolio in Tygervalley for R960 million from Ingenuity Property Investments. Located at 1 Sportica Crescent, the three office buildings compris...

by PropertyWheel_G.

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2026-05-21 22:00:00.0

Afrimat’s FY2026 revenue up 20.3% post Lafarge integration

Afrimat has reported a 20.3% increase in group revenue for its financial year ended 28th February 2026 to R10 billion from R8.3 billion, with a 9.6% increase in its operating profit to R523.7 million ...

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2026-05-21 22:00:00.0

Cape Town to publish proposed 2026/27 budget amendments after High Court tariff ruling

The municipality is also proposing a further raise to the rates-free rebate for the first R620 000 of a property’s value, up from R450 000, for residential properties under R8 million. Mayor Geordin H...

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2026-05-21 22:00:00.0

CPD points available for upcoming WCPDF annual conference

The Western Cape Property Development Forum (WCPDF) has secured CPD points for its upcoming annual 2026 conference, ‘Future (City) Perfect, to be held on the 24th and 25th of June at the CTICC in Cape...

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2026-05-21 22:00:00.0

Hyprop to acquire Galleria Burgas in Bulgaria for €122.2m

Hyprop Investments Limited is acquiring Galleria Burgas, a premier shopping centre on Bulgaria’s east coast for €122.2 million (before adjustments). The acquisition is being carried out by Balkan Reta...

by PropertyWheel_G.

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2026-05-21 22:00:00.0

Aucor Property tops R1.5bn in 2026 sales, ±R800m portfolio to go on auction in June

The South African real estate landscape is undergoing a definitive structural shift. As of early 2026 numbers, the auction industry has made huge steps in making the auction disposal method the prefe...

Asset News Hub

2026-05-20 22:00:00.0

SAPOA: Global All-Property Total Return climbed to 4.8% in 2025

Global property markets extended their recovery into 2025, with the All-Property Total Return rising to 4.8%, up from 2.0% in 2024 and a clear rebound from the negative returns recorded in 2023. For m...

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2026-05-19 22:00:00.0

Balwin Properties receives firm intention offer from PIC consortium

Balwin Properties has received a firm intention offer from a consortium including the PIC, acting on behalf of the GEPF, together with Balwin founder investors, to acquire all eligible issued ordinary...

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2026-05-19 22:00:00.0

Cape Town pinpoints Civic Centre parking lot for affordable housing, mixed‑use development

The City of Cape Town’s Mayoral Committee has greenlit plans for an inner-city affordable housing and mixed-use development on a municipal parking lot at the Civic Centre in the CBD. According to Coun...

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2026-05-18 22:00:00.0

PPC joins forces with Sinoma Overseas to improve efficiencies in Zimbabwe

PPC has signed a Memorandum of Agreement (MoA) with Sinoma Overseas Development Co. Limited to collaborate on several initiatives related to PPC Zimbabwe. In the short term, the focus will be on impr...

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2026-01-13 07:05:00.0

South African REITs deliver 38.6% total return in 2025

South African REITs delivered a 38.6% total return in 2025, building on 2024’s 35.8% performance, and completing two consecutive years of gains according to the latest SA REIT Association Chart Book. ...

by PropertyWheel_G.

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2026-01-12 13:06:00.0

SAPOA: National office vacancies continue to improve; 5-year low recorded in Q4 2025

South Africa’s office vacancy rate declined to 12.8% in Q4 2025, the lowest since late 2020 according to SAPOA’s Office Vacancy Survey Report for Q4 2025 – and reflecting steady gains across several m...

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2025-12-18 08:07:00.0

The V&A Waterfront to debut Africa’s first EDITION Hotel

Marriott International and V&A Waterfront Holdings have signed an agreement to open The Cape Town EDITION within the precinct in 2026, marking the debut of EDITION Hotels in Africa. The Cape Town EDIT...

by PropertyWheel_G.

2025-12-18 06:33:00.0

Exemplar REITail/MPD closes 2025 with +100 000m² new GLA under development

Exemplar REITail and McCormick Property Development is closing 2025 with over 100 000m2 new GLA under development across three provinces, in addition to several refurbishment and expansion projects. L...

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2025-12-12 11:04:00.0

JLL Africa: From distress to opportunity: Tracking SA’s commercial property market recovery post-...

South Africa’s recent removal from the FATF Grey List marks a critical milestone in restoring international trust and confidence in the country’s regulatory and financial frameworks. While it remains...

Asset News Hub

2025-12-12 07:02:00.0

Zimbali Vision 2030: a marina development and Zimbali Country Estate unveiled

IFA Hotels & Resorts (IFAHR) has unveiled its Zimbali Vision 2030 including two pioneering projects, a marina development and the Zimbali Country Estate positioned across the N2 from Zimbali Lakes. Th...

by PropertyWheel_G.

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2025-12-11 22:00:00.0

Growthpoint Properties opens R26m Sandton Drive Link Bridge

Growthpoint Properties has officially opened the Sandton Drive Link Bridge. Spanning the key arterial route of Sandton Drive, the new R26m pedestrian bridge directly connects Growthpoint’s premium off...

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2025-12-11 22:00:00.0

Cape Town signs Power of Attorney for major land swap with National Government

The City of Cape Town has signed a Power of Attorney in favour of the National Department of Public Works as part of an agreement that will see the municipality and National Government exchange owners...

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2025-12-11 12:52:00.0

R1bn amusement park planned for Durban’s beachfront

eThekwini Municipality has announced plans for a R1 billion amusement park at the former Durban Funworld site. The amusement park will be developed in partnership with two leading Italian amusement en...

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2025-12-11 10:48:00.0

SA’s REITs continue winning streak with 9.1% return in November 2025

SA’s REITs extended their winning streak in November 2025, delivering a 9.1% total return following October 2025’s 10.8% gain. According to the SA REIT Association’s monthly Chartbook, the sector sig...

by PropertyWheel_G.

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2025-12-11 09:46:00.0

Golden Acre redevelopment kicks off, announces Neighbourgood partnership

The redevelopment of the Golden Acre Precinct in Cape Town CBD has begun with the commercial office tower being converted into residential apartments with upgraded retail and a safer, better-connected...

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2025-12-10 05:29:00.0

Average residential rent hits R9 286 amid rising inflation & tenant arrears in Q3 2025

The residential rental market continued to cool in Q3 2025 according to the latest PayProp Rental Index with year-on-year rental growth having eased to 4.9%, slightly down from 5% in Q2 2025. Average ...

by PropertyWheel_G.

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2025-12-08 10:02:00.0

SA REITs outperform USA, UK and Australia with 46% year-to-date growth

The data shows that the SA listed property sector delivered a 9.7% total return in November 2025 alone, pushing its year-to-date growth to 46.2%. In a global context, the Global REIT Index was up 12%...

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2025-12-04 12:37:00.0

Western Cape High Court reserves judgement on SAPOA’s challenge to Cape Town’s property-based tar...

SAPOA’s legal challenge against the City of Cape Town’s adopted 2025/2026 Budget was heard in the Western Cape High Court between Tuesday, the 2nd of December 2025 and Thursday, the 4th of December 20...

by PropertyWheel_G.

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2025-12-04 11:39:00.0

Pareto Limited and Divercity break ground on R850m residential redevelopment of Menlyn Office Park

Owner of Menlyn Park Shopping Centre, Pareto Limited, alongside Divercity Property Group, have broken ground on the R850 million residential redevelopment of Menlyn Office Park to deliver 1 200 new ap...

Asset News Hub

2025-12-04 06:35:00.0

Afrimat’s Q3 2025 Construction Index records double-digit growth

The Q3 2025 Afrimat Construction Index (ACI) registered a double-digit, quarter-on-quarter increase, representing a significant improvement compared to Q2 2025’s results. The composite index of activi...

by PropertyWheel_G.

Asset News Hub

2025-12-03 11:34:00.0

Robust growth sees retail property ideally placed to build on consumer shifts – Clur Index

Buoyed by continuing strengthening of sector performance in Q3 2025, South African retail property is ideally placed to leverage evolving consumer shifts, says Belinda Clur, managing director of Clur ...

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2025-12-03 10:52:00.0

The Cavaleros Group announces acquisition of Portside Towers

The Cavaleros Group has announced its acquisition of the iconic Portside Towers – the tallest building in Cape Town and a defining landmark within the city. This acquisition marks a significant milest...

by PropertyWheel_G.

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2025-12-01 14:30:00.0

Fourways Mall’s vacancies drop with Accelerate Property Fund reporting strong leasing activity

Accelerate Property Fund has reported a R59,4 million increase in its revenue during the six months ended 30th of September 2025, primarily due to increased commercial rent, parking income, and a R82,...

by PropertyWheel_G.

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2025-12-01 11:20:00.0

StatsSA reveals metro residential development trends over the last decade

Stats SA’s 10-year review of new buildings in the private sector between 2014 and 2023 shows that the City of Cape Town led in new residential units with 96 725 completions of mainly freestanding home...

by PropertyWheel_G.

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2025-12-01 09:25:00.0

Fairvest Limited’s FY2025 distribution surpasses market guidance

Fairvest Limited has posted its results for the year ended 30th September 2025, declaring an annual distribution of 142.57 cents per A share and 48.15 cents per B share, surpassing its guidance to the...

by PropertyWheel_G.

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2025-12-01 07:24:00.0

Hyprop Investments reports strong tenant turnover and trading density growth post FY2025

Hyprop Investments Limited has issued an operational update post the release of its FY2025 results in September 2025, with both its South African and Eastern European portfolios having delivered stron...

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2025-11-28 07:48:00.0

Property Point’s Real Estate Incubator Programme secures grant funding from impact investor

Property Point’s Real Estate Incubator Programme has secured grant funding from impact investor E Squared Investments, shortly following the Property Practitioners Regulatory Authority’s (PPRA) offici...

by PropertyWheel_G.

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2025-11-27 12:37:00.0

Growthpoint targets R3.5bn disposals in FY2026 with plans to boost its Western Cape exposure

Growthpoint Properties has set an asset disposal target of R3.5 billion for FY2026 to reduce its exposure in the office sector (particularly its B grade office space) and older industrial and manufact...

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2025-11-27 06:33:00.0

Fortress Real Estate Investments Limited reports historic-low vacancy in local logistics portfolio

Fortress Real Estate Investments Limited has released its pre-close operational update for the period ended 30th June 2025, reporting an historic-low vacancy rate in its South African logistics portfo...

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2025-11-26 09:14:00.0

KwaZulu-Natal’s construction tenders rebound to R16bn amid infrastructure backlog

The province’s development regions showed markedly different trajectories with KwaDukuza recording a 40% rise in building plan approvals in 2024; eThekwini South having surged by 357%; and eThekwini C...

Asset News Hub

2025-11-26 08:13:00.0

Vukile Property Fund reports 9% dividend growth and upgraded full-year 2026 outlook

The REIT holds a total of R54 billion in property assets with approximately two thirds (and net property income) generated in Spain and Portugal through its 99.6%-held subsidiary, Castellana Propertie...

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2025-11-25 11:02:00.0

Stefanutti Stocks’ current order book hits R13.4bn with increased offshore work

Stefanutti Stocks has released its results for the six months ended 31st August 2025, reporting an increase in contract revenue to R3.7 billion (August 2024: R3.6 billion) and an improvement in its op...

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2025-11-25 08:00:00.0

Octodec’s residential and retail assets lead rental income growth in 2025

Octodec Investments has posted its results for the year ended 31st of August 2025, reporting a 4.6% increase in revenue to R2.2 billion. While all the sectors in which it operates contributed to the ...

by PropertyWheel_G.

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2025-11-24 11:46:00.0

SAPOA: Global property markets extend recovery in H1 25: Momentum builds on 2024 gains

Global property markets extended their recovery through the first half of 2025, building on the positive momentum established in late 2024 according to SAPOA’s Global Property Trends Report H1 2025. A...

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2025-11-24 06:43:00.0

PPC delivers ‘best-in-sector performance’ with 23.5% EBITDA growth to R983m in H1 FY25

PPC says it has delivered its best-in-sector performance for the six months ended 30th September 2025 with its EBITDA having increased by 23.5% to R983 million (H1 FY2025: R796 million) with its EBITD...

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2025-11-21 08:05:00.0

Hammerson completes buyout of The Oracle

Hammerson plc has acquired the remaining 50% interest in one of the UK’s top retail, leisure, and lifestyle destinations, The Oracle, from its JV partner, Abu Dhabi Investments Authority, at a headlin...

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2025-11-21 07:58:00.0

Heriot REIT breaks ground on student accommodation development, The Fibonacci

Heriot REIT has broken ground its nine-storey student accommodation development, The Fibonacci. Located just 1.5 km from UCT and within close reach of Damelin and CPUT, the development sits along the ...

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2025-11-20 05:55:00.0

Burstone Group reports strong retail and office recovery, driving 5.3% NOI growth

Burstone Group has posted its interim results for the six months ended 30th September 2025, reporting significant growth in like-for-like net operating income (NOI) from its South African portfolio of...

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2025-11-19 22:00:00.0

Delta Property Fund reports 71.86% profit surge, driven by disposals and lease renewals

Delta Property Fund has posted its half-year results for the six months ended 31st August 2025, reporting a 71.86% increase in its profit from R29.5 million to R50.7 million, driven by its disposal pr...

by PropertyWheel_G.