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There is still no respite for commercial property landlords as one of South Africa’s Real estate investment trusts, Rebosis Property Fund, which owns Baywest Mall in Gqeberha and East London's Hemingways Mall, went into business rescue.
The multi-year retail property market correction appears likely to continue during FNB’s economic forecast period.
Western Cape-based property group, Spear Reit today reported a 16.36% annual growth in distribution per share as the company continues to emerge from the COVID-19 trading environment