Fairvest has received Competition Commission approval to acquire Jozini Mall and Tugela Ferry Mall in KwaZulu-Natal for R674 million. The commuter-focused retail assets align with the REIT’s strategy of investing in dominant centres serving previously underserved communities. The transaction delivers a blended yield of 10.17% and strengthens Fairvest’s convenience-led retail portfolio, with the malls expected to generate stable income supported by strong Shoprite anchors.

Vukile Property Fund (JSE: VKE) has acquired a 35% stake in Pradera Limited, a specialist retail property investment fund and asset manager with a 25-year track record across the UK, Europe, China and the Middle East. CEO Laurence Rapp says the deal supports Vukile’s strategy to expand into more European markets, providing access to over 100 retail specialists managing €5 billion in assets across 10 countries, and significantly de-risking future growth.

Exemplar continues to accelerate its retail development pipeline, with fully let new centres and major refurbishments strengthening community-focused retail across South Africa. From Etwatwa Crossing in Gauteng to Ntuzuma Mall in KwaZulu-Natal and the redevelopment of iTonka Square in Springs, the group is delivering accessible, high-quality retail while driving local employment, supporting subcontractors and creating vibrant community hubs ahead of key openings in 2026 and 2027.

South African REITs continued their strong rally in November, delivering a 9.1% monthly return and lifting year-to-date performance to 37.9%, ahead of equities and bonds. Accelerating dividend growth, easing interest rates and improving property fundamentals pushed sector market capitalisation above R300 billion for the first time since 2019, signalling renewed investor confidence and a more sustainable growth outlook.

South Africa’s listed property sector has surged ahead of global peers, with the latest GPR Market Update showing a remarkable 9.7% total return in November and 46.2% year-to-date. This outperforms major markets including the US, UK and Australia. GPR’s long-term data points to a structural re-rating, supported by disciplined balance sheet management and stable volatility levels. Growing global confidence and improving macroeconomic conditions are further accelerating the sector’s momentum.

Vukile Property Fund delivered strong half-year results to 30 September 2025, lifting its dividend by 9% and upgrading full-year guidance to at least 9% growth in DPS and FFO. CEO Laurence Rapp says the performance reflects disciplined execution across its South African and Iberian retail portfolios. Robust NOI growth, exceptionally low vacancies, positive reversions, and expanding solar PV capacity underscore Vukile’s customer-centric strategy and resilient market position.

Octodec delivered a resilient FY25 performance, growing distributable income per share by 8.2% and increasing its total dividend by 7.6%. Stronger occupancies, disciplined cost control and improved funding margins supported results, while core vacancies dropped to 12.3%. Strategic asset recycling accelerated with 17 disposals, and solar investments enhanced yields. The successful Yethu City pilot and a refreshed strategy position Octodec for long-term value creation amid improving macroeconomic conditions.

Burstone Group delivered a solid interim performance for the six months to 30 September 2025, with strong real estate fundamentals and rising fee income across its global platforms. CEO Andrew Wooler says diversified earnings and disciplined execution underpinned results as DIPS rose 3% and third-party fee income surged 70.6%. South Africa, Europe and Australia all reported robust operational metrics, reinforcing Burstone’s evolution into a capital-efficient international investor and asset manager.

South Africa’s REIT sector has delivered a standout performance, with Dipula Properties, Fairvest, and Vukile Property Fund ranking in the top five of the Sunday Times Top 100 Companies 2025. Their success signals renewed investor confidence and the sector’s strong recovery. According to SA REIT Association CEO Joanne Solomon, disciplined capital allocation and resilient earnings underpin this resurgence, positioning listed property as a key driver of long-term portfolio growth.

Redefine Properties ended FY2025 with a strong balance sheet and renewed confidence, reporting a 7.8% increase in distributable income and a higher operating profit margin of 76.2%. CEO Andrew König cited South Africa’s exit from the FATF greylist and rising business confidence as key tailwinds. With retail and industrial assets performing strongly, LTV reduced to 40.6%, and nine net-zero buildings achieved, Redefine is poised for sustainable growth into FY2026.