Building on this performance, they are preparing for their May auction, where a new portfolio of investment opportunities will be brought to market.

In February, Guido Minenza brokered the successful sale of the four-star Iketla Lodge in Ohrigstad, Limpopo. The Fairtrade certified lodge was acquired by an international client, demonstrating Broll’s global reach.

“This transaction underscores the global demand for high-quality, sustainable South African hospitality assets,” said Norman Raad, CEO of Broll Auctions and Sales.

The fully-let Qumbu Shopping Centre, a 7 300m² high-performing retail asset in the Eastern Cape, was sold by Broll Auctions and Sales‘ brokers Desh Naidu and Jaclyn Nair in March 2026.

A former flagship automobile showroom in Centurion CBD was sold by broker Ronald Raad in March. The prime A-grade commercial property is located on Heuwel Road and boasts almost 10 000m² of space.

In another March transaction that mirrored the energy and precision of Broll’s digital platforms, brokers Jared Gottschalk and Jayson-Lee Collins facilitated the successful sale of the Paarl East SuperSpar in the Western Cape.

“Facilitated through our structured tender gateway, the sale of this high-performing retail asset to an investor highlights the effectiveness of the Broll Auctions and Sales’ tender platform in connecting premium national-anchor assets with high-calibre capital,” notes Raad.  

A number of fuel stations – which remain sought-after assets country-wide – contributed to Broll’s successful first quarter and are expected to remain lots which attract hot bidding action.

With momentum firmly on its side, Broll Auctions and Sales brings their next portfolio of high-quality commercial properties to auction on 20^th of May 2026, from training facilities to industrial assets, inner-city retail investments, heritage offices to hospitality offerings:

The Telkom Corporate Training Facility in Clayville East, Kempton Park is an investment opportunity situated in the strategic growth corridor between the East Rand and Pretoria.

The purpose-built campus, with a GLA of 23 531m² and set on a 24.67ha erf, features modern classrooms and lecture halls, practical training areas, secure access-controlled premises, and extensive grounds with significant redevelopment potential.

Positioned with direct access to the N1, R21, and N3 highways, this multi-structure property offers substantial upside as an educational, commercial, or mixed-use redevelopment opportunity.

For more information, contact Jayson-Lee Collins on 072 112 8186.

145 Van Tonder Street in Sunderland Ridge, Centurion is a prime freestanding industrial facility offering 5 100m² under roof on a 5 700m² erf in one of Centurion’s most active industrial nodes – with easy access to the R55, N14, and N1.

The property is ideal for manufacturing, storage, or distribution operations, with an open-plan warehouse floor, a five-ton material lift, three roller shutter doors, two separate office components with boardroom facilities, 500A three-phase power with a 1 000 A minisub capacity, fibre connectivity, and full electric fencing with controlled gate access.

For more information contact Guido Minenza on 078 062 1526 or Rodney Beck on 082 551 5841.

The Gardees Arcade at 33 Helen Joseph Street in Marshalltown is a prime mixed-use CBD investment on a high-exposure corner in the Johannesburg CBD with a GLA of 2 895m² on a 1 516m² erf.

The fully-let property combines approximately 24 ground-floor retail shops with 34 residential units, generating a diversified income stream at market-related rentals, with strong pedestrian activity and easy access to public transport. Significant upside through active asset management makes this a compelling value-add opportunity in a high-demand node.

For more information contact Jason Raad on 071 355 7900.

35 Oxford Road in Forest Town, Johannesburg is a heritage office in one of Egoli’s most prestigious addresses. Built in 1936 as a private family home, this gracious freestanding building offers 780m² under roof on a 1 844m² stand with 35 on-site parking bays and consent use for offices.

Spanning two floors of multiple closed offices and a landscaped ready garden, it is located in the middle of this flourishing and popular mixed-used precinct, on Oxford Road between Jan Smuts Avenue and the Johannesburg Zoo.

For more information contact Tim Counsell on 071 247 2338 or Matthew Counsell on 074 618 2222.

The 3 Countries Hotel at 240 Small Street in Petit, Benoni is an established hospitality asset offering 2 000m² of improvements on a 26 000m² erf with excellent accessibility to OR Tambo International Airport.

The hotel provides guest accommodation, a restaurant and bar, day-use swimming facilities, conference and function venues, and ample parking – making it equally suited to continued operation or repositioning within the broader hospitality or mixed-use sector.

An ideal acquisition for investors, owner-operators, or hospitality groups seeking to expand their East Rand footprint.

For more information contact Guido Minenza on 078 062 1526 or Rodney Beck on 082 551 5841.

A 14ha operational hydroponic farm in Broederstroom, positioned between Hartbeespoort and Pretoria, offers an established greenhouse operation currently producing peppers and cucumbers.

From five massive greenhouses and advanced climate control systems to the extensive cold storage and packhouse facilities, the farm is engineered for performance with six boreholes and a 500 000L water storage facility – this is a ‘plug-and-play’ asset for a serious agricultural investor.

For more information contact Ronald Raad on 082 782 1134.

“Despite the unsettling global economic picture, it is reassuring to see the quality of capital we are attracting from investors both local and international. These results are testament to the expertise and dedication of our broker network around the country, and I look forward to carrying this momentum into the rest of the year,” Raad concludes.

To register to bid visit Broll Auctions and Sales and be at The Wanderers Golf Club in Johannesburg at 12:00pm on the 20th of May 2026.

• LinkedIn
• Facebook
• Instagram
• X

Peter served as the REIT’s interim CFO from December 2025, having joined the company’s executive committee in 2013 as Head of Asset Management (International).

He was subsequently appointed as the Investment Executive in June 2018, in which he played a central part in shaping Attacq’s investment strategy and portfolio management.

Peter is a Chartered Accountant with a BCom Accounting Sciences degree from the University of Pretoria. He has extensive corporate finance experience gained during his tenure at Deloitte Corporate Finance, BJM Corporate Finance Proprietary Limited, and One Capital.

“I am delighted to confirm Peter as Attacq’s permanent CFO. He has brought clarity, rigour, and energy to the role since joining us in an interim capacity, and I have confidence in his ability to contribute meaningfully to Attacq’s continued growth and value creation for shareholders,” says Jackie van Niekerk, CEO of Attacq.

The association took part in the legislated public participation process by the municipality as part of its 2026/2027 budget but has yet to receive a response from officials tasked with considering budget comments or the Municipal Manager, it says – despite having followed up twice.

“It is a well-known fact that there is, at this stage, virtually no operating refuse removal service within Mangaung, with more property owners obliged to make alternative provisions for refuse removal,” comments SAPOA’s CEO, Neil Gopal. “For the municipality to now introduce an unlawful tariff for a service which is not being effectively rendered, simply adds insult to injury for property owners.”

“A precedent has been set regarding the unlawfulness of tariffs linked to property values. Should the refuse tariff linked to property values be adopted in the municipality’s final budget, SAPOA will consider its legal options.”

In late April 2026, the Western Cape High Court delivered a landmark judgement upholding SAPOA’s legal challenge against the City of Cape Town’s 2025/2026 city-wide cleaning tariff, basic water tariff, and basic sewerage tariff, declaring all three invalid and unlawful.

The 2026 Reside Summit, to be held on the 20^th and 21^st of May at the Sandton Convention Centre, is the only national platform confronting the reality of dignified housing head on.

Across the two days, developers, financiers, legal experts, and policymakers will answer one critical question: How do we build homes that work for all of us – not just the wealthy?

With over 1 500 delegates expected to attend, the Reside Summit bridges housing silos that have historically operated in insolation. Covering everything from student accommodation to social housing; affordable rentals and senior living, the gathering’s core argument is simple: no single housing segment can succeed in isolation.

Peter Stainton, Executive Head of Property Management at Eris Property Group, will unpack the future of student living, a sector undergoing rapid professionalisation.

“A future-proof student living environment is an invisible ecosystem where smart tech quietly removes friction and supports well being,” he says. “When students notice the technology, it’s probably not working.”

He warns that even when NSFAS implements funding caps and faces institutional pressures, the human element cannot be sacrificed for efficiency.

“Scale should help protect humanity, with student community and wellbeing treated as essentials, not optional extras. Student living sits at a life-defining transition. Getting it right directly shapes academic success and whether students persist or fall behind.”

For the first time at the Reside Summit, the Development Bank of Southern Africa (DBSA) will host a dedicated Senior Living Lounge, signalling a major push into ageing-in-place infrastructure.

Palesa Ryan, DBSA’s Head of Social Housing, Affordable Housing, Student Housing, Health Care and Education, says the bank’s presence signals a shift from talk to action.

“We want developers, investors and policymakers to see us not just as a financier, but as a strategic partner that helps unlock complex projects and crowd in capital at scale,” she says. 

“Bankable, climate-aligned infrastructure is achievable when you combine the right policy signals, blended finance and strong project preparation. If we get that right, we can accelerate delivery, reduce risk and build more inclusive, resilient cities across the region.”

Property law sits at the final mile of every residential transaction. But too often, that mile is a minefield.

Sanelisiwe Ngcobo, Founder & MD of Ngcobo SN Inc., will argue at the Reside Summit that faster housing delivery requires coordinated accountability across the entire value chain – not just at the point of transfer.

“Developers play a critical upstream role. Early-stage compliance around zoning, township establishment, service installation and approvals can significantly reduce delays later,” says Ngcobo. “When developments are properly structured from the outset, conveyancing becomes faster, more predictable and more accessible to the end buyer.”

On protecting homeowners’ wealth in the face of failing municipalities, Ngcobo is blunt: “Conveyancers can no longer operate as passive processors. We need to interrogate compliance more rigorously – municipal accounts, clearance processes, zoning, service delivery exposure – and translate those risks into clear, practical advice. Protecting wealth in property means shifting from simply transferring ownership to actively safeguarding the asset.”

“Housing is not a single sector. It’s a continuum,” says Debbie Tagg, Chair of the Reside Summit. “This year’s summit brings together the full spectrum of voices and expertise needed to move South African housing forward. Every conversation we have over these two days is in service of helping to build a country that works for all its people.”

This year’s awards feature a new Academic Excellence in the Construction and Built Environment Sector category to recognize and celebrate female academics, lecturers, and researchers who are advancing resilient construction practices, sustainable infrastructure, and skills development.

Women remain underrepresented in SA’s construction sector, accounting for just 10% of the workforce despite ongoing empowerment initiatives. With the country’s R1.5 trillion infrastructure pipeline, it is vital that women take a greater role in shaping the sector’s future, says the cidb’s CEO Bongani Dladla.

“The cidb ERWIC Awards provide a powerful platform to highlight the achievements of women-led firms. For government clients and funding partners, the awards also serve as a valuable reference point for identifying capable, compliant contractors and innovative academic collaborators capable of driving national development priorities.”

“We have seen past cidb ERWIC Awards winners grow from local operators into national leaders, inspiring the next generation in the process. We invite all 51% women-owned construction companies, academics, clients and built environment professionals to enter today and to start building their legacies,” Dladla concludes.

Entries close on the 3rd of July 2026.

The REIT says its South African portfolio was the primary driver, with high occupancy, positive rental growth, and strong tenant demand, leading to valuation uplifts and a 1.2% increase in its net asset value (NAV) per share to R16.69.

Equites’ portfolio value increased 3.6% to R28.7 billion at February 2026 with the increase driven by land acquisitions of R146 million, ongoing development spend of R521 million, and fair value uplifts of R931 million, which were partially offset by property disposals of R636 million.

Like-for-like valuation growth in its South African portfolio was 6.7% with nearly 100% of revenue generated from A-grade tenants. The Group says there is a single vacancy of 5 000m² in Meadowview.

As of year end, Equites’ weighted average lease expiry (WALE) was 13.7 years, with a weighted average lease escalation of 6.1%.

Operationally, two new five-year leases were signed during the reporting period alongside seven lease renewals, representing an aggregate GLA of 81 695m². Equites says that while it has experienced reversions over the last two years, most of the assets acquired in its early acquisition portfolios have now been renewed. The weighted average lease escalation across its South African portfolio was 6.1%.

During FY2026, Equites shifted from asset recycling to capital deployment and growth, focusing on South Africa. It began disposing of its UK assets, reinvesting proceeds into local logistics projects and acquisitions.

The REIT disposed of its DPD asset in Burgess Hill in the UK for £17.65 million, reflecting a 5% yield. It also received £1.5 million in respect of the subsequent sale companies (Egham, Goldthorpe and Peterborough West), as well as £29 million for the scheme at Newport Pagnell in December 2025. In May 2026, the Group disposed of the Aviva portfolio, with a combined asset valuation of £200.5 million.

The Basingstoke land valued at £40 million has planning permission, with Equites finalising terms with two prospective occupiers, covering approximately 68% of the land.

Coton Park is under development, with JD.com as the forward funder, expecting £3 million in proceeds, plus costs and interest, upon project completion in October 2026.

The Thrapston scheme has planning approval, and the Group says it anticipates Newlands drawing down this option for £3.25 million plus interest and costs by June 2026.

“We are pleased with the strong momentum in executing our strategic priorities, including rationalising our UK portfolio and the large-scale redeployment of capital into SA opportunities with superior long-term growth prospects. The reallocation of capital from UK disposals into SA is expected to improve earnings quality and capital efficiency, and to underpin sustainable growth in distributions over time,” says Equites’ CEO, Andrea Taverna-Turisan.

Equites disposed of three properties in the Western Cape, at a weighted-average discount of 1.1% to book value. One asset was acquired in the Eastern Cape, and Equites Park – Riverfields I-C reached practical completion and was immediately let. Post-yearend, a logistics property in Waterfall, Gauteng, was sold for R117 million.

Equites was awarded the RFP to develop a state-of-the-art c.90 000m² logistics facility for Tiger Brands, in partnership with Tridevco. The Group also started two speculative developments at Jet Park, totalling 17 500m² GLA, expected to finish in August 2026 with strong interest at R95/m². Once complete, Jet Park will be fully developed, completing the transformation of a brownfield site. The Group began a speculative development at X102 Riverfields, scheduled for July 2026.

Equites currently has a total of 170 000m² in proposals out to market, at an average rental of R93 per m².

Equites strengthened its capital structure in FY2026 through asset disposals exceeding R1 billion, primarily in the UK, and an equity raise of R0.7 billion, improving its loan-to-value (LTV) ratio to 35.1%.

The Group has debt of R12.1 billion, with a weighted average maturity of 2.9 years. At yearend, it had R3.1 billion in cash and undrawn facilities. It says it has reduced its SA all-in-debt cost in SA by a full percentage point to 8.13% over the past two years – while maintaining at least an 80% hedge ratio.

Enhancing its NAV per share through share buybacks and reissuance, R130 million of shares were repurchased at a 16% discount to NAV in H1 2026 followed by a reissuance of R712 million of shares in H2 2026 at a 1.9% premium to NAV.

The REIT forecasts FY2027 distribution per share of 147.7 cents to 150.5 cents per share, equating to growth of 5% to 7%.

Building on the success of 2025’s campaign, which attracted 1 700 site submissions, KFC is looking for vacant land of approximately 1 500m² for 180m² – 220m² for drive-throughs and 120m² to 150m² sites in high-traffic retail nodes, shopping centres, transit routes and fuel stations, with priority towards underserved communities, townships, and small towns.

Public participation is also welcome, with a R60 000 finder’s fee for successful site recommendations that lead to restaurants being opened.

South Africans over 18 can submit their potential sites here.

More information on site requirements, selection criteria, and the submission process here.

The global fast-food restaurant chain opened 100 restaurants across Africa in 2025.

“The Dipula team has delivered an excellent set of results, with all key metrics trending positively. This performance reflects our continued focus on long-term shareholder value. We continue to show that we are an actively and optimistically managed business,” says CEO of Dipula Properties, Izak Petersen.

“Our shareholders have enjoyed exceptional returns since listing, a performance that was further validated in November 2025 when Dipula was ranked number one in the Sunday Times Top 100 Companies.”

The REIT, which was included in the FTSE/JSE All Property Index and the SA REIT Index in March 2026, owns 155 properties across South Africa, with the majority (58%) in Gauteng. The company generates 67% of its income from retail assets in proximity to townships, rural and urban convenience locations. It also has a core portfolio of mid-sized logistics and industrial assets (16% of income), multi-purpose office assets (14%), and a small non-core affordable residential property portfolio (3%).

Dipula’s property portfolio grew by 12% to R11.5 billion during the reporting period, fuelled by positive valuations, proactive asset management, and R700 million in acquisitions – driving stronger income prospects. Net asset value (NAV) rose 16%, while its average property value climbed to R74 million from R64 million.

Operationally, the REIT reported significant leasing activity with its retail portfolio vacancies at 5% and its total portfolio vacancy reducing from 8.5% at year-end to 7% for the period. Letting activity was led by the retail and industrial sectors, it says, while its office occupancies remained stable, showing isolated areas of improvement.

Dipula boosted its tenant retention from 79% to 90%, achieving an improved weighted average positive renewal rental rate across its portfolio of 6%.

Revenue, excluding straight-lining, increased by 7% to R811 million with its net property income having increased by 9%. Its total cost-to-income ratio of 42.8% reflected a marginal decrease, notwithstanding property expenses increasing by 5% – largely from escalating municipal charges and utilities costs.

Dipula took transfer of five assets totalling approximately R700 million from September 2025 with the largest of these, the R480 million purchase of Protea Gardens Mall in Soweto, which transferred in January 2026. The REIT also disposed of 12 non-core assets for a combined R130 million.

The REIT maintained its debt levels with its gearing having reduced to 34% alongside a strengthened ICR of 3.4 times (from 2.8 times).

Its board approved an interim gross dividend of 27.50 cents per ordinary share for the period, while upgrading its distributable earnings guidance to between 7% and 8% for FY2026.

Fairvest Limited currently holds a 23.6% stake in Dipula Properties.

In 2025, produce worth R50.3 million was grown and handled within Dube AgriZone, says Nomaxabiso Majokweni, Dube TradePort’s Senior Manager for Investment Promotion and Facilitation. “With Dube Agrizone 2, we aim to significantly expand this output while helping small-scale farmers tap into South Africa’s fresh produce market valued at over R53 billion annually.”

Development-ready sites range from 10 500m² to 30 000m², offering flexible options for investors, agri-processors, and growers seeking to scale their operations.

Strategically located within the King Shaka International Airport precinct, Dube AgriZone 2 offers access to critical agricultural and logistics infrastructure including modern internal road networks, warehousing and logistics support, pack-houses and cold-storage facilities, reliable water and electricity supply, an established distribution network supplying major national retailers, and direct access to export markets via the Dube Cargo Terminal.

“Through this new development, we are giving smaller producers a real stake in a global-scale value chain. Investment interest is strong; we have already received multiple proposals, with two agribusiness ventures currently in due diligence. This early momentum demonstrates clear confidence in this new phase,” says Majokweni.

At the 50^th percentile, the All-Property cap rate remained above the weighted average, reflecting dispersion across assets.

For more detailed information on the SAPOA FY 2025 Valuations Report, download a free copy of the latest report here (free to SAPOA members only).

How to access SAPOA’s reports:

• Visit www.sapoa.org.za.
• Login/register on SAPOA Members 
• Click on ‘Reports’
• Click on ‘Free Reports’
• Click on ‘SA Property Trends Report’

Not a SAPOA member? Sign up here