As mall stores have closed during the COVID-19 outbreak, some landlords have found a new, surprising source of revenue—shopping center parking lots. CNBC reported that Brookfield Properties inked a deal with Kilburn Live to turn some of its mall parking lots into drive-in theaters that could host movies and virtual concerts.  With conventional theaters and concert venues closed and consumers eager to leave their house for entertainment, activating parking lots would seem like the right way for mall landlords to recoup lost income.  Click here to access full article  (Source: Globest.com)
Google doesn’t like to let people inside its data centers. But it DOES like to make its customers feel secure about the privacy and safety of its data. That’s why every few years, Google provides a video that provides an overview of its data center security – which also offers brief glimpses of the company’s facilities and technology for the data center nerds of the world (raising my hand here). Google has just published the 2020 video update of its security protocols, featuring a walk-through of a data center by Google Developer Advocate Stephanie Wong. Most of the tour is…
Dozens of retailers, some of them the lifeblood of America’s shopping malls, have been pushed to the brink and filed for bankruptcy during the coronavirus pandemic.  Click here to download full article (Source: CNBC)
Reitway Global has taken the initiative to list a new vehicle, namely an Actively Advised Note on the Johannesburg Stock Exchange (JSE). The Actively Advised Note replicates an internationally competitive and proven investment process. Duplicating the Reitway Global process infers that the resultant portfolio of the Reitway Active Global Property Note (Alpha code:  URETGP, ISIN: ZAE000285458) inherits an extensive pedigree albeit it only listed in April 2020.
Over the last few years South African investors have become increasingly alive to both the diverisifcation and return-enhancement benefits of global property.  More and more local fund selectors have been using the asset class as an important component of the offshore exposure in their portfolios. While there are some excellent solutions offered by local asset managers in this space, the market has also been enhanced by the introduction of funds by international firms. To get a picture of how these offerings are performing, Citywire has identified the 10 top-performing global real estate funds over the past three years available to South African…
Portfolio Performance - June 2020 Our benchmark, the GPR 250 REIT World Index produced a total return of 11.39% in US dollar terms during the second quarter of 2020. Our portfolio gained 9.39% in USD during the quarter. The slight underperformance versus the benchmark was primarily due to minimal exposure to Retail and Diversified REITs.
Topics covered in the discussion  What we are currently experiencing?  Where do we go from here?  The long-term view of the asset class and sectors Please note that there is a break in the recording from 04:37 to 05:11 due to technical issues. We apologise for this. Click here to view the discussion
The markets remain volatile Our portfolio has performed well Through our active portfolio management, our focus remains on constructing a diversified portfolio that outperforms not only in rising markets, but also during periods of market stress Commentary The GPR 250 REIT World Index produced a USD total return of 0.41% for the month ending 31 May 2020, regaining some ground after a dreadful first quarter. The best performing region was Australia which delivered 8.34% in US dollar terms. The worst performing region was Hong Kong, generating a USD total return of -16.72%. Pleasingly, the fund performed extremely well during May,…