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Tuesday Oct 20, 2020

Commercial property falls from decade high

The lockdown and resultant deep recession have taken their toll on the commercial property market, dragging capital growth deeper into negative territory in the first half of the year.

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Tuesday Oct 13, 2020

Bumpy ride for malls, tenants

South Africa's retail sector has taken a beating following the lockdown with decreased foot traffic and sales at shopping malls

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Slight uptick in commercial property rentals

The FNB third-quarter Property Broker Survey of commercial property rental market conditions showed there had been a slight recovery in industrial and retail market activity.

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Thursday Jul 23, 2020

Subletting can be a good option for landlords

Owners of buildings that remain for office use will have to consider how to best manage their space - and tenants - in these uncertain and economically weak times.

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Tuesday Jul 14, 2020

Fairvest disposes of Tokai Junction

Fairvest announced the finalisation of the due diligence for its disposal of Tokai Junction, a 7 618m2  retail centre in Constantia, Western Cape to FPG Holdings Proprietary Limited for R180 million.

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Monday Jul 13, 2020

Growthpoint expects 15% drop in income

Growthpoint Properties, the biggest property investment company on the JSE, said yesterday that it expected its distribution per share and distributable income per share to fall by 15 percent in its 2020 financial year compared with 2019.

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Monday Jul 06, 2020

Property refinance could save your business

Even as lockdown regulations ease and the economy reopens, many businesses continue to face serious cash flow issues that could force them into closure.

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Thursday Jul 02, 2020

'Retail property apocalypse talk grossly misplaced'

All talk in the market of a retail property apocalypse, which had been made worse by the Covid-19 pandemic, was misplaced, Vukile Property Fund chief executive Laurence Rapp said yesterday.

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Monday Jun 22, 2020

Barloworld's earnings per share face a pummelling

Barloworld: The industrial company, in its half-first 2020 trading statement, reported that it was expecting its headline earnings per share to be between 238 cents and 285.60c, compared with 476c in the same period of the previous year. The company expected that its basic loss per share would be between 721.80c and 767.80c, compared with earnings per share of 438.10c last year. Barloworld said that Covid-19 had resulted in writedowns across its businesses.

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Prime commercial property in Worcester - Three sites to be sold as single lot draw rent of R230 000 a month

RAWSON Auctions Western Cape will on June 24 in an online disposal offer three prime commercial buildings in Worcester, all in “excellent condition”.
Tanya Jovanovski, regional franchisee for Rawson, says the properties – to be sold as a single lot – generate a gross rental income of R230 000 a month and will be leased back on a triple net lease basis to the purchaser, which means the tenant will be responsible for all costs relating to the leased assets.

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