08/10/2026
This Week in Property:
Renico Construction expanded Dhollandia South Africa's Cape Town footprint through the successful renovation of a new company-owned fitment centre in Epping 2.
· KPMG South Africa to leave Parktown office after nearly 30 years as Accelerate Property Fund sells 100% of the issued share capital in Wanooka Properties for R385m.
· Accelerate Property Fund formalises Fourways Mall management deal with Flanagan & Gerard Property Development and Investment and Luvon Investments, flags a potential minority stake disposal.
· SPAR expects FY2026 to underperform with continued pressure in SA.
· Clicks increased its shareholding in premium beauty retailer ARC to 61%.
· PPC reported 40% surge in group EBITDA for the five months ended 31st August 2026.
· Burstone launched its SA funds management platform with Nedbank Property Partners.
· Heriot REIT delivered record distributable earnings for a third consecutive year.
· MAS PLC repositioning from CEE-focused real estate business to generalist investment platform.
· Emira Property Fund issued a pre-close update for the 5 months to 31 August 2026, confirms it remains on track for FY2027 objectives.
· ACQUISITIONS: Community Property Company (Futuregrowth Asset Management) is acquiring Umphakathi Mall while Brenthurst Retirement is acquiring Coral Cove, senior retirement accommodation in the Zululami Luxury Coastal Estate in KZN, that is jointly owned with Nedbank.
Congratulations to the winners of the SAPOA Property Awards for Innovative Excellence, Journalism Awards for Excellence, Francois Viruly who was awarded the SAPOA Lifetime Achievement Award, and Kevin Roman who was awarded the Presidential Award for Excellence.
