Hyprop Investments

Grit Real Estate CEO, Bronwyn Corbett says the company sees potential investment opportunities worth $600m, predominantly in the industrial, corporate accommodation and hospitality sectors.

Grit's legwork pays off in Africa

Grit Real Estate Income Group, the only listed pan-African property company is soaring and now has a pipeline of opportunities in Africa worth. ... Full story

Thomas Reilly, MD of Growthpoint Investec African Property Management, says, “GIAP has strategically timed its entry into the market to take advantage of a highly attractive entry-point into key cities which we view as offering strong growth prospects.

South African largest property fund begins its acquisition trail into Africa

Growthpoint Investec African Properties (GIAP), the pan-African real estate investment business managed by Growthpoint Investec African Property Management, has begun executing on its strategy to aggregate a quality portfolio of prime income-producing commercial assets in Africa. ... Full story

Hyprop CEO Morné Wilken said: “At interims in March 2019, we stated clearly our intention to curb Hyprop’s exposure to sub-Saharan Africa.

SA Shopping Mall Investor reduces exposure to Africa

Hyprop Investments, South Africa’s largest listed specialized shopping centre owner, on Friday said that AttAfrica Limited, in which it owns a 37.5 percent stake, had concluded an agreement to dispose of its interest in Achimota Retail Centre in Ghana. ... Full story

Although quite a few African economies offer good growth opportunities, there are ongoing regulatory and fiscal challenges, says Ortneil Kutama

Hyprop to exit sub-Saharan Africa, but Grit Real Estate stays put

While Attacq, famous for developing one of SA’s largest retail centres, Mall of Africa, and Hyprop investments, the owner of some of the best rated shopping centres, are trying to divest from the African continent, Grit Real Estate is spreading itself across the continent. ... Full story

Edcon, the largest non-food retailer in South Africa which owns Edgars, Jet and CNA, has secured $191 million from lenders, landlords and the Public Investment Corp.

SA retailer Edcon gets $191m from public, landlords and lenders

Edcon, the largest non-food retailer in South Africa which owns Edgars, Jet and CNA, has secured $191 million from lenders, landlords and the Public Investment Corp. ... Full story

Edcon which owns Edgars Stores, Jet and CNA, has been under extreme financial pressure over the past few years.

A sigh of relief as SA retailer Edcon approved recapitalization plan

Owners of South African malls can now breathe a sigh of relief as the Edcon board recently approved the structure of a proposed recapitalization plan and in response, lenders have extended waivers to allow time for the company to turn itself around. ... Full story

Edcon which owns Edgars Stores, Jet and CNA, is asking South Africa’s big shopping Mall Owners to reduce its rent in order for it to survive.

South African retailer Edcon battles with Rent

Clothing giant Edcon has asked owners of South African malls in which it operates for a 41% reduction in rent as its seeks to secure funding to stave off liquidation ... Full story

Pasaż Grunwaldzki shopping and entertainment center with parking multilevel and multiplex, the Grunwaldzki Square in Wroclaw, Poland — acquired by Redefine Properties and Echo Investment.

SA Investors look to Europe for Property opportunities

Given the poor performance of the rand and inflation, South African property investors have made their mark on the real estate industry across Central and Eastern Europe (CEE) in the last 12 months. ... Full story

Those investors which look carefully in 2016 when picking their stocks may be rewarded but the overall sector is under pressure in South Africa

Some pearls in South Africa’s listed property sector

Those investors which look carefully in 2016 when picking their stocks may be rewarded but the overall sector is under pressure in South Africa, reports Ortneil Kutama, Africa Property News.com Media Director. ... Full story

Africa Property News.com Media Director, Ortneil Kutama believes there is a scramble for African property assets as investors look to gain first mover advantage in the continent.

Another Scramble for Africa

There is a scramble for African property assets as investors look to gain first mover advantage in the continent. ... Full story

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