SA listed property surprises as 2023’s best-performing asset class

The founder of Shree Property Holdings started off as a butchery entrepreneur in the 1980s and pivoted to new business ventures to become one of Durban and SA’s biggest private owners of logistics real estate, with more than a million square metre portfolio and interests in Texas and London.

Andrew Wooler, CEO of JSE-listed real estate investment trust Burstone Group, shares insights on latest developments within the company, including its launch of a new SA funds management platform with support from Nedbank Property Partners.

Ian Anderson of Merchant West Investments and Kundayi Munzara of Sesfikile Capital see improving fundamentals, attractive yields and the potential for annual returns in the teens for the SA Reit sector.

Neil Gopal, the long-time CEO of the South African Property Owners Association, shares insights on why its big court win against the City of Cape Town matters, Sapoa’s 60th-anniversary milestone and fixing the CoJ.

Jackie van Niekerk, newly appointed chair of the South African Real Estate Investment Trust Association and CEO of JSE-listed Attacq Limited, notes despite global uncertainties, inflation, and interest rate volatility, the sector has maintained access to capital markets and continues to show potential for growth.