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Office and retail sparkle in South Africa, Investec says

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South Africa’s office and retail property market is gaining a second wind after years of being unloved, according to Investec Property Fund Ltd.

Half of the firm’s 77 new leases signed with clients in the year through March were in those sectors, creating an opportunity to dive back in after a period of disposals, co-chief executive Officer Andrew Wooler said in an interview.

“The pivot in South Africa is now that everything is certainly stabilized, and it feels like it’s stabilized in our portfolios,” Wooler said.

 

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Talking up failing property investments!

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