The SAREIT Advisory Membership has been established to strengthen relationships with REIT advisors to better address industry matters and participate in the real estate sector’s growth and cohesion.

Advisory members will have the opportunity to be involved in high-quality, independent research related to the South African listed property sector and support REITs in engaging with legislators, regulators, and stakeholders.

These initiatives are essential to strengthening and establishing stable and conducive policies and a robust business environment.

Sustainable solutions

Design and deploy sustainable solutions with like-minded partners and stakeholders.

Insights

Facilitate high quality independent research to enable enhanced insights relating to the SA property sector.

Best practice frameworks

Establish best practice frameworks and recommendations for improved transparent and comparable reporting.

Impact

Collaboratively strengthening our voice for greater impact in shaping legislation and regulation to create a robust business environment in the Real Estate Section.

Opportunities

• Participate and contribute to key SAREIT research projects
• Co-opting mechanisms on SAREIT committees
• Showcase your expertise and specialist services
• Preferential sponsorship opportunities
• Exclusive membership rates and access to member-only functions and events
• Exposure to SAREIT’s digital platforms and directory listings
• Access to various networking opportunities.

To join us contact Joanne Solomon, Chief Executive Officer on (email) joannesolomon@sareit.co.za or mobile 082 888 9975.

Download the SAREIT advisory membership brochure and application form.

The post Become a SAREIT Advisory Member appeared first on SA REIT.

The SA REIT Association (SAREIT or the Association), a representative umbrella body for South African REITs focused on promoting the sector as an attractive asset class; today released its newly established Research Committee’s maiden report. The report unpacks the extent of the COVID-19 rental relief initiatives provided by REITs to their tenants during the pandemic. 

The REITs’ relief measures were an effort to support tenants, especially SMMEs, to ensure the sustainability of this critical segment of the economy. The rental relief was mainly in the form of discounts or deferrals, of which 80% relates to unrecoverable discounts, intended to sustain tenants’ cashflows and curb business failures.

Joanne Solomon, CEO of the SAREIT, commented: “The establishment of the SA REIT Association’s Research Committee was a critical element of our renewed strategy as we identified the need to provide research and insights into relevant topics within the South African listed property sector.

“The COVID-19 rental relief report is our first and it is encouraging to witness South African REITs’ commitment to sustaining the economy despite the severe pressure they have found themselves under due to unprecedented market conditions.” 

As part of SAREIT’s repositioning process in 2020, the Association formed the Research Committee aimed at generating and providing access to high quality, independent research related to the listed property sector in South Africa and other relevant markets, as well as act as a trusted research hub for members and the industry at large.

“In addition to support the measures put in place by the government in response to the pandemic, it was important for SAREIT to quantify its members’ contribution towards the sustainability of tenants, many of which are SMMEs playing an important part in economic growth, innovation and job creation. The report provides comprehensive insights on the sector’s prompt reaction to the crisis as demonstrated by the total R3 billion contribution made from April to December 2020, which 69% was provided by August 2020,” said Amelia Beattie, Chairman of the Research Committee. 

This is the initial of two reports, which SAREIT plans to publish on the support provided by its members, each covering the latest available periods disclosed by its membership base. 

This report’s contributors are Pranita Daya, a Real Estate Analyst at Anchor Stockbrokers; Ndivhuho Netshitenzhe, an Economist at Stanlib and Phil Barttram of Philbar Consulting.

-END-  

CONTACTS

SA REIT Association – Joanne Solomon, CEO – 082 888 9975 or joannesolomon@sareit.co.za 

Instinctif Partners – Boitumelo Nkambule – 073 265 0231 or SAReit@instinctif.com 

NOTES TO EDITORS

About SA REIT Association

The SA REIT Association promotes South African REITs as an investment class while addressing issues and meeting challenges within the sector. It is a representative umbrella body comprised of voluntary members of all listed SA REITs. SA REIT was established in 2013 to represent the interests of the sector following the introduction of the REIT structure to South Africa. 

The Association’s current strategic priorities are:

• Strengthen relationships with investors and capital providing stakeholders to enable a deeper understanding of relevant issues
• Provide high quality, independent research related to the SA listed property sector on matters relevant to stakeholders
• Engage with legislators, regulators as well as other business associations and stakeholders to establish a stable, conducive policy and business environment
• Drive advocacy through transparent, consistent reporting and accessible information
• Position the SA listed property sector brand as a leading asset class to build relevance with selected stakeholders
• Advocate for sustainable human, social, economic and environmental transformation within the listed property sector

Website: https://sareit.co.za/

The post COVID-19 Rental Relief Report appeared first on SA REIT.

The post CHAIRMAN’S MESSAGE AND 2021 SECTOR OUTLOOK appeared first on SA REIT.

The post CEO’s 2020 wrap-up message appeared first on SA REIT.

Developed by Growthpoint in three phases, Millroad Industrial Park is a storage, warehousing and distribution park consisting of premium-grade warehousing with associated offices in the established industrial area of Bellville Industria

The first phase of Millroad Industrial Park is fully occupied by Laser Logistics leasing 5,000sqm with 1,000sqm expansion potential. The 22,000sqm second phase was completed at the end of 2018 and is significantly let.

“Now, the final phase of the project is well underway, adding 13,000sqm of quality sub-divisible space to the park, and will be completed in December 2019. Like previous phases, it combines warehousing with offices, however this phase is designed for smaller users and comprises four units with a minimum size of 2,700sqm,” says Errol Taylor, Head of Asset Management: Industrial at Growthpoint.

Each of the new units offers drive-through facilities and has a shared yard in the front and a dedicated yard at the back. They have clear internal stacking heights of eight metres to eaves and are sprinkler protected. In addition, the park is energy and water efficient, resulting in lower occupation costs. There is also plentiful power supply to the site.

Riaan Munnik, Growthpoint Properties Western Cape Regional Development Manager, says, “The final phase of Millroad Industrial Park is coming to market at the ideal time when industrial development in Cape Town has slowed and the letting of speculative development in the city has started to pick up.”

Millroad Industrial Park is ideally located opposite the well-known Sacks Circle near the R300 highway, with easy access to the N1, N2 and R300 highways and benefits from excellent highway visibility. It is also well positioned to benefit from the future extension of the M10 Robert Sobukwe Road, which has already improved its accessibility even further.

The industrial park is within walking distance from public transport, with the Sarepta passenger rail station being a mere 300 metres away. Ensuring the safety of the units, the park has full perimeter security fencing, onsite security management and 24/7 security guarding.

Taylor adds, “Millroad Industrial Park, with its premium-grade facilities, further strengthens the logistics and warehousing component of Growthpoint’s diverse industrial portfolio. It is a great asset and, because it is being delivered by Growthpoint’s own development team, we can be confident in its quality.”

Growthpoint creates space to thrive with innovative and sustainable property solutions. It is South Africa’s largest primary JSE-listed REIT with assets of nearly R126bn, including a 50% holding in Cape Town’s iconic V&A Waterfront. Growthpoint is invested in real estate and communities across three continents including Africa, Europe and Australia.

The post Growthpoint completes the R320m Millroad Industrial Park appeared first on SA REIT.