Real estate sector ripe for specialized funds

While many international Real estate investment trusts (REITs) are weighted in favour of a specific sector, this trend has emerged in South Africa's property industry.   South Africa tends to have more generalist property REITs that invest in a mix of segments such as commercial industrial, hotel, office and retail. But one of the trends [...]

2018-05-27T17:08:23+00:00 July 7th, 2015|Listed Property, Naeem Tilly|

Is Edcon reaching its nadir?

If recent reports are to be believed, the tale of Edcon, owner of some of the country’s most esteemed retailers, might be reaching its nadir. The company has a range of issues confronting it at the moment, which as the cards currently lie, are all contributing to a potentially disastrous ending.   These include, in [...]

2018-05-27T17:08:23+00:00 March 19th, 2015|FinWeek, Naeem Tilly|

Beating housing’s risky reputation

HUGE demand for affordable housing should, in theory, make the JSE a popular place for residential landlords to raise capital. Yet, until about a year ago, Premium Properties, now merged with sister fund Octodec Investments, was the only stock among the JSE’s 45-odd real estate counters to offer income-chasing investors part exposure to the rental [...]

2018-05-27T17:08:24+00:00 March 18th, 2015|Listed Property, Naeem Tilly|

Listed Property: The Best and Worst times

The opening line in Charles Dickens’ A Tale of Two Cities — "It was the best of times; it was the worst of times" — perfectly encapsulates the current state of the SA listed property sector.   On the one hand, low interest rates and stable sector fundamentals bode well for the outlook. However, some [...]

2018-05-27T17:08:24+00:00 January 7th, 2015|Listed Property, Naeem Tilly|

Listed Property: Who is pulling the trigger?

By Kundayi Munzara*   The South African commercial property sector has evolved over the past 20 years, with a higher rate of evolution occurring in the past 10 years.   Large commercial property assets, including office buildings and super regional shopping centres, were predominantly held by financial institutions and life insurance companies in South Africa [...]

2018-05-27T17:08:24+00:00 December 5th, 2014|Listed Property, Naeem Tilly|

Listed property outlook: still delivering the goods

For the SA listed property sector, 2011 was the year of deteriorating fundamentals as global markets were hit by a series of shocks and events that kept uncertainty high.   Company earnings were generally on the downside and guidance was often downgraded to take heed of weak consumer and business confidence.   Despite this, the [...]

2018-05-27T17:08:27+00:00 July 26th, 2013|Listed Property, Naeem Tilly|

Redefine bids for all of Hyprop

Johannesburg - Property loan stock Redefine Income Fund (Redefine), which seems determined to boost its portfolio with prime shopping centres, announced on Wednesday it may acquire retail-focused Hyprop Investments in full.   Redefine said in a Stock Exchange News Service announcement it had reached a deal with Coronation Fund Managers to increase its stake in [...]

2018-05-27T17:08:28+00:00 March 24th, 2010|Listed Property, Naeem Tilly|