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Arrowhead Properties gets REIT status

Arrowhead Properties gets REIT status
sacommercialpropnews.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sacommercialpropnews.co.za Daily Mail and Mail on Sunday newspapers.

Listed Property Sector a hive of activity as Companies bid for more

Listed Property Sector a hive of activity as Companies bid for more
sacommercialpropnews.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sacommercialpropnews.co.za Daily Mail and Mail on Sunday newspapers.

Fairvest continues pivot to retail; sharpens focus on vacancies and efficiencies

JSE-listed real estate investment trust Fairvest continues to move towards becoming a retail-focused fund by recycling out noncore assets, with disposals expected to continue. Fairvest sold four assets for R252.5-million at an average premium to book value of 0.2%, and at an average yield of 11.2%, during the six-month period ended March 31.

Fall of the mighty malls?

Interested buyers, all 50 of them so far, are sharpening their knives ahead of the sale of Rebosis Property Fund and its various properties, which includes Hemingways Mall, East London’s most prestigious retail property, as well as Baywest Mall in Gqeberha. Secret written offers will be submitted this week, but eventual decisions on the bids could drag on until Christmas.

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