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The international trend towards co-working, defined essentially as shared office space, equipment, and services, is set to change the office-space landscape in South Africa, as it is currently doing in Europe and other developed markets, according to Paragon Interface Director Claire D’Adorante.
Read more: Co-working trend is changing the office-space landscape in South Africa
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JSE-traded EPP, the pure Polish retail property fund, delivered a total return of 21% in 2018 to significantly outperform the market, making it the top performing listed property company of the year. This is a significant difference from the benchmark index (SAPY) total return of -25%.
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Emira Property Fund is set to complete the total refurbishment of its 9 800 sqm warehouse facility superbly located in the popular industrial hub of Denver, Johannesburg, by March 2019.
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Across the world, property developers are faced with the challenge of creating spaces to facilitate the trend of urban living. As more and more people desire central living, with a range of amenities and minimal travel time, property companies must meet the demand with modern spaces that offer a range of benefits.
Read more: How mixed-use precincts are benefiting inner cities
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Shareholders of Texton Property Fund have voted against the repurchase of shares in terms of the ‘Put Option’ related to Texton’s 2014 Broad-based black economic empowerment deal.
Read more: Texton’s shareholders votes against share repurchase
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Emira Property Fund has to date successfully refinanced over R1,2-billion of its debt maturing in the current financial year ending 30 June 2019, and is attracting keen demand and favourable pricing in the process.
Sector News
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