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PROPERTY ANALYSIS & TREND REPORTS
Mark Pettipher

Mark Pettipher

  • Joined: 16 July 2025
  • Articles: 304

Vukile concludes oversubscribed R500 million bond issuance at record-low pricing

Laurence Rapp CEO Vukile Property Fund

Vukile Property Fund has raised R500 million through senior unsecured bonds, attracting over R3 billion in bids—six times the target. The three- and seven-year tranches were priced at 102 and 135 basis points, respectively, both tighter than guidance, lowering Vukile’s cost of capital. CEO Laurence Rapp credits strong market endorsement of Vukile’s disciplined strategy. Recently upgraded to AA+(ZA) by GCR Ratings, Vukile operates a R50 billion retail portfolio across South Africa, Spain, and Portugal.

REdimension Capital announces final close of SA’s only PropTech sustainability fund

Peter Clark and Matthew Marshall

REdimension Capital has closed its Real Estate Technology & Sustainability Fund with commitments exceeding R250 million. New investors, including Hyprop Investments and RDC Property Group, join a strategic base controlling over 750 commercial real estate assets and 12 million square metres of lettable space. The fund supports scalable innovations to enhance efficiency, sustainability, and engagement in real estate. Now fully capitalised, it enters a decisive execution phase, leveraging its mature investor network and robust technology pipeline.

Bayer in South Africa redefines its workplace with id.work to create a flagship design for a new way of working

Bayer interior

id.work has transformed Bayer South Africa’s office, relocating from a traditional 25,000m² space to a flexible, 1,600m² high-performance office in Waterfall, Midrand. The new Next Normal Office Concept (NNOC) embraces agile, tech-enabled environments without assigned desks, supporting collaboration and hybrid work. Co-created with Bayer employees and reflecting local culture, the space features adaptable zones and advanced technology, enhancing employee engagement and business performance while setting a new benchmark for workplace innovation in South Africa.

V20 Africa 2025 Conference highlights urgent skills crisis in valuation’s profession

V20 logo

The global valuation profession is facing a critical skills shortage, with low public awareness and an ageing workforce threatening its sustainability—issues that will take centre stage at the V20 Africa 2025 conference in Cape Town this September. Dianne de Wet, former SAIV President, warns that without urgent action to attract young and diverse talent, the industry risks significant knowledge gaps. Hosted by the South African Institute of Valuers with international partners, the V20 will focus on talent attraction, training, and outreach, highlighting valuation’s vital role across sectors. Stakeholders are urged to collaborate on skills development to secure the future of the profession. Registration is open at the official V20 Africa website.

Groot Phesantekraal View opening brings heritage, convenience and excitement to Cape Town’s Northern Suburbs

Groot Phesantekraal View

Groot Phesantekraal View, a new 30,000sqm shopping and lifestyle destination, has officially opened in Durbanville. Developed by Abland Property Developers and Sasol Pension Fund, the centre offers a diverse mix of retail, dining, and entertainment, including major tenants like Woolworths, Checkers, and Dis-Chem. Unique features include a 200-metre underground shooting range. Strategically located to serve Durbanville’s growing community, the centre is set to become a vibrant hub, boosting local economic growth and enhancing lifestyle in the area.

African pension funds drive new wave of sustainable growth and real estate investments

Niyi Adeleye - Head of Real Estate Finance for Africa Regions at Standard Bank Group

Africa’s real estate sector is undergoing a transformation as pension funds and domestic institutional investors increasingly allocate capital to property markets, reducing reliance on international sources. This shift will be a key focus at the 2025 Africa Property Investment (API) Summit in Cape Town, highlighting how pension funds are driving sustainable, long-term growth. With leaders from Standard Bank, LLR Group, and Lango participating, the summit will explore the growing role of domestic capital in building resilient, inclusive property markets across Africa.

Growthpoint x Fuel Switch: a new benchmark in the global green economy that opens REC markets for SA Inc

Growthpoint + Fuelswitch

Growthpoint Properties is setting a new standard in Africa’s green economy by partnering with Fuel Switch to launch the continent’s first open blockchain-enabled Renewable Energy Certificate (REC) exchange. From October 2025, Growthpoint’s e-co₂ initiative will deliver certified, wheeled green electricity to tenants, who can access, trade, or redeem RECs via Fuel Switch’s platform. This partnership democratises green energy trading, enabling South African businesses of all sizes to participate in global REC markets and advance their sustainability goals.

Meet Emira’s new CEO: James Day

James Day

James Day has officially taken up the position of CEO at Emira Property Fund, following his appointment announcement in May. With experience as a non-executive director at Emira and a strong background in finance and real assets both locally and internationally, Day brings a practical, long-term approach to leadership. He joins a seasoned executive team and is committed to sustaining Emira’s strategy of diligent asset management, disciplined capital recycling, and value-accretive investment, all aimed at ongoing stakeholder value creation. Day’s appointment signals continuity and renewed focus for one of South Africa’s leading diversified REITs.

Dipula unveils refreshed brand identity to mark two decades of progress

Izak Petersen CEO Dipula

Celebrating 20 years in South African real estate, Dipula has rebranded from Dipula Income Fund to Dipula Properties, unveiling a new logo and identity that reflect its evolution into a focused, future-ready property company. The refreshed brand underscores Dipula’s commitment to sustainable value, growth, and inclusive communities. With a defensively positioned portfolio of 161 properties and a strong track record, Dipula enters its third decade with renewed purpose and optimism for continued impact and progress.

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