Real Estate Investor Magazine South Africa October 2018 | Page 37

COMMERCIAL FINANCING 36 Office to residential conversions show good growth in the right regions 42 Making sense of REITS – Vukile, Emira and Grit ANDREW KONIG CEO of Redefine Properties “Oversupply and persistently soft prop- erty fundamentals coupled with dis- cerning and costly capital make for a challenging period ahead for the REIT sector. Remaining relevant to all stake- holders in this environment is key to emerging the better for it.” MARLOES REININK Owner Solid Green Consulting LAURENCE RAPP CEO Vukile Properties “Vukile is confidently positioned for future growth with a stable, defensive SA retail portfolio, a growing Spanish market position, a solid balance sheet as well as sharply focused strategies for both the geographies and sector in which we invest.” Appointed Business Woman of the Year says she is really enthusiastic about the Built environment in assisting de- velopers in achieving their green build- ing goals. SA Real Estate Investor Magazine SEPTEMBER/OCTOBER 2018 35