JHI provided facilities management as part of their property management contract. Effective
1 August 2023 we have brought this back in-house, to ensure we optimize the costs relating to

• Potential downturn impacting tenant occupancy rates

Load–shedding has changed the landscape for retailers

Industrial

• Sector is resilient with a National vacancy rate at only 3.7%

Economic growth

• The property sector experienced a difficult Q3 of 2023 as share prices of listed property funds fell